Intrust Bank NA Purchases 661 Shares of Brown & Brown, Inc. (NYSE:BRO)

Intrust Bank NA raised its position in shares of Brown & Brown, Inc. (NYSE:BRO) by 27.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,039 shares of the financial services provider’s stock after acquiring an additional 661 shares during the quarter. Intrust Bank NA’s holdings in Brown & Brown were worth $310,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Brooklyn Investment Group bought a new stake in shares of Brown & Brown during the 3rd quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in Brown & Brown in the fourth quarter valued at approximately $28,000. Y.D. More Investments Ltd boosted its holdings in shares of Brown & Brown by 122.7% during the 4th quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider’s stock worth $30,000 after buying an additional 162 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Brown & Brown during the 4th quarter worth approximately $31,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Brown & Brown in the 4th quarter valued at $37,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BRO shares. Bank of America increased their target price on shares of Brown & Brown from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Wells Fargo & Company raised their target price on Brown & Brown from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $128.00 target price on shares of Brown & Brown in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods cut 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, Royal Bank of Canada boosted their price objective on Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $112.67.

Brown & Brown Trading Up 0.1 %

NYSE BRO opened at $122.97 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $113.33 and a 200 day simple moving average of $108.31. Brown & Brown, Inc. has a 12 month low of $80.33 and a 12 month high of $123.24. The firm has a market capitalization of $35.16 billion, a P/E ratio of 35.54, a PEG ratio of 2.93 and a beta of 0.86.

Brown & Brown (NYSE:BRO) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.76 by $0.10. Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. On average, analysts predict that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Brown & Brown Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 annualized dividend and a yield of 0.49%. Brown & Brown’s dividend payout ratio (DPR) is 17.34%.

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.