Gilbert & Cook Inc. Has $955,000 Stock Holdings in Brown & Brown, Inc. (NYSE:BRO)

Gilbert & Cook Inc. lowered its stake in Brown & Brown, Inc. (NYSE:BRO) by 5.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,359 shares of the financial services provider’s stock after selling 507 shares during the period. Gilbert & Cook Inc.’s holdings in Brown & Brown were worth $955,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its holdings in Brown & Brown by 0.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,915,425 shares of the financial services provider’s stock worth $405,638,000 after purchasing an additional 28,180 shares during the last quarter. Barclays PLC boosted its position in shares of Brown & Brown by 17.8% in the third quarter. Barclays PLC now owns 2,466,582 shares of the financial services provider’s stock valued at $255,537,000 after acquiring an additional 371,980 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Brown & Brown by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,315,654 shares of the financial services provider’s stock valued at $136,302,000 after acquiring an additional 17,934 shares in the last quarter. FMR LLC increased its position in Brown & Brown by 42.4% during the third quarter. FMR LLC now owns 1,109,840 shares of the financial services provider’s stock worth $114,979,000 after acquiring an additional 330,661 shares during the period. Finally, Natixis Advisors LLC raised its stake in Brown & Brown by 6.2% in the 3rd quarter. Natixis Advisors LLC now owns 779,434 shares of the financial services provider’s stock worth $80,749,000 after purchasing an additional 45,766 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Brown & Brown Price Performance

NYSE:BRO traded up $0.81 on Thursday, hitting $103.98. The company had a trading volume of 48,998 shares, compared to its average volume of 1,612,343. The firm has a 50 day moving average of $105.51 and a two-hundred day moving average of $104.08. The stock has a market capitalization of $29.73 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 2.12 and a beta of 0.85. Brown & Brown, Inc. has a 52 week low of $75.79 and a 52 week high of $114.15. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.52.

Brown & Brown (NYSE:BRO) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. Brown & Brown had a return on equity of 17.12% and a net margin of 22.65%. On average, research analysts anticipate that Brown & Brown, Inc. will post 3.74 earnings per share for the current year.

Brown & Brown Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Wednesday, February 5th. Brown & Brown’s dividend payout ratio is currently 16.35%.

Wall Street Analyst Weigh In

BRO has been the topic of several recent research reports. Morgan Stanley began coverage on shares of Brown & Brown in a report on Thursday, December 5th. They set an “overweight” rating and a $134.00 target price on the stock. Keefe, Bruyette & Woods lowered 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. Jefferies Financial Group upped their target price on Brown & Brown from $98.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Truist Financial raised their price target on Brown & Brown from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price objective on shares of Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Brown & Brown currently has a consensus rating of “Hold” and a consensus target price of $113.17.

About Brown & Brown

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.