Private Trust Co. NA Purchases 183 Shares of Brown & Brown, Inc. (NYSE:BRO)

Private Trust Co. NA boosted its position in Brown & Brown, Inc. (NYSE:BRO) by 5.6% during the fourth quarter, Holdings Channel reports. The fund owned 3,448 shares of the financial services provider’s stock after acquiring an additional 183 shares during the period. Private Trust Co. NA’s holdings in Brown & Brown were worth $352,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. increased its stake in Brown & Brown by 3.3% in the fourth quarter. QRG Capital Management Inc. now owns 20,190 shares of the financial services provider’s stock valued at $2,060,000 after acquiring an additional 647 shares during the last quarter. Proficio Capital Partners LLC increased its stake in Brown & Brown by 11,337.8% in the fourth quarter. Proficio Capital Partners LLC now owns 1,108,894 shares of the financial services provider’s stock valued at $1,109,000 after acquiring an additional 1,099,199 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Brown & Brown by 1.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 94,400 shares of the financial services provider’s stock valued at $9,631,000 after acquiring an additional 1,600 shares during the last quarter. New York Life Investment Management LLC increased its stake in Brown & Brown by 1.0% in the fourth quarter. New York Life Investment Management LLC now owns 31,937 shares of the financial services provider’s stock valued at $3,258,000 after acquiring an additional 322 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Brown & Brown by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 20,379 shares of the financial services provider’s stock valued at $2,079,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Brown & Brown Stock Performance

Brown & Brown stock opened at $118.59 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average of $106.55 and a 200-day moving average of $106.04. The firm has a market cap of $33.91 billion, a P/E ratio of 34.27, a P/E/G ratio of 2.93 and a beta of 0.86. Brown & Brown, Inc. has a 1-year low of $80.33 and a 1-year high of $118.80.

Brown & Brown (NYSE:BRO) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. Sell-side analysts expect that Brown & Brown, Inc. will post 4.18 EPS for the current year.

Brown & Brown Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 annualized dividend and a yield of 0.51%. Brown & Brown’s dividend payout ratio (DPR) is presently 17.34%.

Wall Street Analysts Forecast Growth

BRO has been the topic of a number of research analyst reports. Royal Bank of Canada increased their target price on Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Morgan Stanley began coverage on Brown & Brown in a research note on Thursday, December 5th. They set an “overweight” rating and a $134.00 price objective on the stock. Keefe, Bruyette & Woods reduced their price objective on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a research note on Friday, January 10th. Barclays raised their price objective on Brown & Brown from $108.00 to $119.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Bank of America raised their price objective on Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $113.17.

Brown & Brown Profile

Brown & Brown, Inc is an insurance agency, wholesale brokerage, insurance program and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail, National Programs, Wholesale Brokerage, and Services.