Stephens Inc. AR Sells 597 Shares of Brown & Brown, Inc. (NYSE:BRO)

Stephens Inc. AR decreased its position in shares of Brown & Brown, Inc. (NYSE:BRO) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,087 shares of the financial services provider’s stock after selling 597 shares during the quarter. Stephens Inc. AR’s holdings in Brown & Brown were worth $2,559,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in Brown & Brown during the third quarter worth about $26,000. ST Germain D J Co. Inc. lifted its stake in shares of Brown & Brown by 298.5% during the 3rd quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Brown & Brown in the 3rd quarter worth approximately $29,000. Y.D. More Investments Ltd grew its stake in Brown & Brown by 122.7% in the 4th quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider’s stock valued at $30,000 after buying an additional 162 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Brown & Brown during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Brown & Brown Price Performance

Shares of NYSE:BRO opened at $108.78 on Wednesday. Brown & Brown, Inc. has a one year low of $80.33 and a one year high of $114.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.79 and a quick ratio of 1.73. The firm has a market capitalization of $31.11 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 2.84 and a beta of 0.86. The company’s fifty day moving average price is $104.54 and its 200-day moving average price is $104.89.

Brown & Brown (NYSE:BRO) last released its earnings results on Monday, January 27th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. Brown & Brown had a return on equity of 17.81% and a net margin of 20.68%. On average, equities research analysts anticipate that Brown & Brown, Inc. will post 4.15 earnings per share for the current fiscal year.

Brown & Brown Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th will be given 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 payout ratio is 17.34%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price target on Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Truist Financial raised their target price on Brown & Brown from $116.00 to $118.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their price target on Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. StockNews.com lowered shares of Brown & Brown from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Finally, Barclays upped 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 analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Brown & Brown has a consensus rating of “Hold” and an average target price 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.