Edmond DE Rothschild Holding S.A. Has $374,000 Position in Brown & Brown, Inc. (NYSE:BRO)

Edmond DE Rothschild Holding S.A. cut its stake in shares of Brown & Brown, Inc. (NYSE:BRO) by 22.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,670 shares of the financial services provider’s stock after selling 1,070 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Brown & Brown were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC increased its holdings in shares of Brown & Brown by 27.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 40,297 shares of the financial services provider’s stock worth $4,111,000 after buying an additional 8,557 shares in the last quarter. Dorsey Wright & Associates grew its holdings in shares of Brown & Brown by 3.8% during the fourth quarter. Dorsey Wright & Associates now owns 34,135 shares of the financial services provider’s stock worth $3,482,000 after purchasing an additional 1,259 shares during the last quarter. RWA Wealth Partners LLC acquired a new position in shares of Brown & Brown in the fourth quarter valued at approximately $609,000. Schroder Investment Management Group raised its holdings in Brown & Brown by 2.8% in the 4th quarter. Schroder Investment Management Group now owns 18,596 shares of the financial services provider’s stock valued at $1,897,000 after buying an additional 515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Brown & Brown by 395.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 34,197 shares of the financial services provider’s stock worth $3,489,000 after buying an additional 27,297 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BRO has been the subject of several analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research note on Friday, January 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $128.00 target price on shares of Brown & Brown in a research report on Tuesday, March 25th. 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 research note on Wednesday, January 29th. Bank of America raised their price objective on Brown & Brown from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada upped their target price on Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. One 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $112.67.

Brown & Brown Price Performance

BRO stock opened at $124.09 on Wednesday. Brown & Brown, Inc. has a 1 year low of $80.33 and a 1 year high of $125.68. The stock has a market capitalization of $35.48 billion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86. The company’s 50-day moving average is $113.71 and its 200-day moving average is $108.52. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.79 and a quick ratio of 1.79.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings data 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%. Equities research analysts expect that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Brown & Brown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 annualized dividend and a yield of 0.48%. Brown & Brown’s payout ratio is 17.34%.

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.