Manchester Capital Management LLC Has $995,000 Holdings in Brown & Brown, Inc. (NYSE:BRO)

Manchester Capital Management LLC boosted its holdings in shares of Brown & Brown, Inc. (NYSE:BRO) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,749 shares of the financial services provider’s stock after acquiring an additional 341 shares during the quarter. Manchester Capital Management LLC’s holdings in Brown & Brown were worth $995,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mogy Joel R Investment Counsel Inc. lifted its holdings in shares of Brown & Brown by 324.3% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 19,285 shares of the financial services provider’s stock valued at $1,967,000 after buying an additional 14,740 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Brown & Brown by 4.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 161,569 shares of the financial services provider’s stock valued at $18,104,000 after buying an additional 6,805 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Brown & Brown during the 3rd quarter valued at about $9,832,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Brown & Brown by 1.4% during the 3rd 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 buying an additional 17,934 shares during the last quarter. Finally, EULAV Asset Management lifted its holdings in shares of Brown & Brown by 144.8% during the 4th quarter. EULAV Asset Management now owns 430,900 shares of the financial services provider’s stock valued at $43,960,000 after buying an additional 254,900 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Brown & Brown Stock Down 0.4 %

Shares of NYSE BRO opened at $110.50 on Friday. The stock has a market cap of $31.60 billion, a PE ratio of 31.94, a PEG ratio of 2.84 and a beta of 0.86. The business has a fifty day moving average of $104.54 and a two-hundred day moving average of $105.05. Brown & Brown, Inc. has a 52-week low of $80.33 and a 52-week high of $114.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.73 and a current ratio of 1.79.

Brown & Brown (NYSE:BRO) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 earnings per share (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%. As a group, equities research analysts expect that Brown & Brown, Inc. will post 4.15 earnings per share for the current fiscal year.

Brown & Brown Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.54%. Brown & Brown’s dividend payout ratio is 17.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. StockNews.com lowered Brown & Brown from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Royal Bank of Canada increased their price target on Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Morgan Stanley initiated coverage on Brown & Brown in a report on Thursday, December 5th. They set an “overweight” rating and a $134.00 price target on the stock. Keefe, Bruyette & Woods lowered their price target on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a report on Friday, January 10th. Finally, Wells Fargo & Company increased their price target on Brown & Brown from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently 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.