1,970 Shares in Brown & Brown, Inc. (NYSE:BRO) Purchased by RFP Financial Group LLC

RFP Financial Group LLC bought a new position in Brown & Brown, Inc. (NYSE:BRO) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,970 shares of the financial services provider’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cetera Investment Advisers lifted its stake in shares of Brown & Brown by 60.6% in the 2nd quarter. Cetera Investment Advisers now owns 27,338 shares of the financial services provider’s stock valued at $2,444,000 after purchasing an additional 10,313 shares during the last quarter. Czech National Bank boosted its position in shares of Brown & Brown by 6.9% during the third quarter. Czech National Bank now owns 48,231 shares of the financial services provider’s stock valued at $4,997,000 after buying an additional 3,115 shares during the period. Wedmont Private Capital bought a new stake in shares of Brown & Brown during the 3rd quarter worth approximately $237,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in Brown & Brown by 228.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,801 shares of the financial services provider’s stock valued at $187,000 after acquiring an additional 1,253 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in shares of Brown & Brown by 125.2% during the third quarter. Koshinski Asset Management Inc. now owns 9,614 shares of the financial services provider’s stock worth $996,000 after purchasing an additional 5,344 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Brown & Brown Stock Up 0.8 %

Shares of BRO stock opened at $108.64 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.73 and a debt-to-equity ratio of 0.56. The stock has a market cap of $31.07 billion, a P/E ratio of 31.40, a P/E/G ratio of 2.84 and a beta of 0.86. The stock has a 50 day moving average of $104.65 and a 200 day moving average of $104.65. Brown & Brown, Inc. has a twelve month low of $78.70 and a twelve month high of $114.15.

Brown & Brown (NYSE:BRO) last issued its quarterly earnings data 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%. As a group, sell-side analysts expect that Brown & Brown, Inc. will post 4.15 EPS for the current year.

Brown & Brown Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.55%. Brown & Brown’s dividend payout ratio is currently 17.34%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BRO shares. Keefe, Bruyette & Woods lowered their price objective on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research report on Friday, January 10th. Morgan Stanley began coverage on shares of Brown & Brown in a research note on Thursday, December 5th. They issued an “overweight” rating and a $134.00 price objective for the company. StockNews.com downgraded shares of Brown & Brown from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Bank of America lifted their price target on Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Finally, Barclays boosted their target price on shares of Brown & Brown from $108.00 to $119.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $113.17.

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.