Janus Henderson Group PLC Boosts Stock Holdings in Brown & Brown, Inc. (NYSE:BRO)

Janus Henderson Group PLC lifted its position in shares of Brown & Brown, Inc. (NYSE:BRO) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,739 shares of the financial services provider’s stock after acquiring an additional 544 shares during the period. Janus Henderson Group PLC’s holdings in Brown & Brown were worth $2,626,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Journey Strategic Wealth LLC increased its position in Brown & Brown by 2.3% during the fourth quarter. Journey Strategic Wealth LLC now owns 4,486 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 99 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of Brown & Brown by 3.4% during the 4th quarter. Bleakley Financial Group LLC now owns 3,162 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 103 shares during the period. Lido Advisors LLC grew its stake in shares of Brown & Brown by 2.6% during the 4th quarter. Lido Advisors LLC now owns 4,690 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 120 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Brown & Brown by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 20,379 shares of the financial services provider’s stock valued at $2,079,000 after purchasing an additional 130 shares during the last quarter. Finally, Greenleaf Trust lifted its stake in shares of Brown & Brown by 0.9% in the 4th quarter. Greenleaf Trust now owns 15,475 shares of the financial services provider’s stock worth $1,579,000 after purchasing an additional 139 shares during the period. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BRO has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Brown & Brown from $119.00 to $121.00 and gave the company an “equal weight” rating in a research report on Friday, April 11th. Truist Financial lowered their target price on Brown & Brown from $138.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. UBS Group upped their price target on Brown & Brown from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their price objective on Brown & Brown from $102.00 to $100.00 and set an “underperform” rating on the stock in a research note on Monday, May 5th. Finally, Jefferies Financial Group lifted their price objective on Brown & Brown from $105.00 to $109.00 and gave the company a “hold” rating in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $116.85.

Brown & Brown Stock Up 0.4%

Brown & Brown stock opened at $112.50 on Wednesday. Brown & Brown, Inc. has a 52 week low of $85.97 and a 52 week high of $125.68. The firm has a market cap of $32.24 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 2.93 and a beta of 0.87. The business’s 50-day moving average price is $116.05 and its 200 day moving average price is $111.15. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.56.

Brown & Brown (NYSE:BRO) last posted its earnings results on Monday, April 28th. The financial services provider reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.41 billion. Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. Brown & Brown’s revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share. As a group, sell-side analysts anticipate that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Brown & Brown Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.53%. Brown & Brown’s payout ratio is currently 16.71%.

Brown & Brown Company 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.