Brown & Brown, Inc. (NYSE:BRO) Shares Purchased by Compass Ion Advisors LLC

Compass Ion Advisors LLC grew its position in shares of Brown & Brown, Inc. (NYSE:BRO) by 13.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,662 shares of the financial services provider’s stock after acquiring an additional 1,375 shares during the quarter. Compass Ion Advisors LLC’s holdings in Brown & Brown were worth $1,021,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in Brown & Brown by 86.9% in the fourth quarter. SG Americas Securities LLC now owns 24,866 shares of the financial services provider’s stock valued at $1,768,000 after buying an additional 11,559 shares during the period. Patton Fund Management Inc. purchased a new position in shares of Brown & Brown in the 4th quarter valued at $4,765,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Brown & Brown by 206.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,302 shares of the financial services provider’s stock valued at $1,088,000 after acquiring an additional 10,301 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Brown & Brown by 55.4% during the 4th quarter. Russell Investments Group Ltd. now owns 358,929 shares of the financial services provider’s stock worth $25,519,000 after purchasing an additional 127,903 shares during the period. Finally, Whittier Trust Co. increased its holdings in Brown & Brown by 12.1% in the 4th quarter. Whittier Trust Co. now owns 162,226 shares of the financial services provider’s stock valued at $11,536,000 after purchasing an additional 17,479 shares in the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Brown & Brown

In other Brown & Brown news, EVP Julie Turpin sold 3,350 shares of Brown & Brown stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $89.92, for a total value of $301,232.00. Following the completion of the transaction, the executive vice president now directly owns 23,597 shares in the company, valued at $2,121,842.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 16.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BRO shares. Keefe, Bruyette & Woods upped their target price on Brown & Brown from $80.00 to $82.00 and gave the stock an “underperform” rating in a research report on Friday, May 3rd. Bank of America upgraded shares of Brown & Brown from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $91.00 to $101.00 in a research note on Wednesday, May 22nd. Royal Bank of Canada boosted their target price on shares of Brown & Brown from $87.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Raymond James lifted their price target on shares of Brown & Brown from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, StockNews.com lowered shares of Brown & Brown from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $89.40.

Brown & Brown Stock Down 0.8 %

Shares of Brown & Brown stock opened at $89.41 on Monday. The business has a 50-day moving average price of $88.01 and a 200 day moving average price of $82.52. Brown & Brown, Inc. has a fifty-two week low of $66.53 and a fifty-two week high of $93.75. The firm has a market cap of $25.50 billion, a P/E ratio of 27.51, a P/E/G ratio of 2.35 and a beta of 0.82. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.52.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Brown & Brown had a return on equity of 16.43% and a net margin of 21.09%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. On average, sell-side analysts forecast that Brown & Brown, Inc. will post 3.61 earnings per share for the current fiscal year.

Brown & Brown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Monday, May 6th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, May 3rd. Brown & Brown’s dividend payout ratio (DPR) is presently 16.00%.

About Brown & Brown

Brown & Brown, Inc markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services.