Brown & Brown (NYSE:BRO) Price Target Raised to $109.00 at Jefferies Financial Group

Brown & Brown (NYSE:BRO) had its price objective increased by Jefferies Financial Group from $105.00 to $109.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the financial services provider’s stock.

BRO has been the subject of several other reports. Keefe, Bruyette & Woods raised their price objective on Brown & Brown from $97.00 to $102.00 and gave the company an “underperform” rating in a research note on Wednesday. Bank of America lifted their price target on Brown & Brown from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. UBS Group increased their price objective on shares of Brown & Brown from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank of Canada lifted their target price on shares of Brown & Brown from $118.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company increased their price target on shares of Brown & Brown from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $115.83.

Brown & Brown Trading Up 1.4 %

Shares of BRO stock opened at $118.88 on Friday. The business’s fifty day moving average price is $116.13 and its 200 day moving average price is $109.48. The firm has a market capitalization of $33.99 billion, a PE ratio of 34.36, a P/E/G ratio of 2.93 and a beta of 0.75. 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 has a 1-year low of $80.33 and a 1-year high of $125.68.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. As a group, sell-side analysts forecast that Brown & Brown will post 4.18 EPS for the current fiscal year.

Brown & Brown Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, February 5th. Brown & Brown’s dividend payout ratio (DPR) is 17.34%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new position in Brown & Brown during the fourth quarter worth approximately $28,000. Johnson Financial Group Inc. increased its holdings in shares of Brown & Brown by 534.1% during the 4th quarter. Johnson Financial Group Inc. now owns 279 shares of the financial services provider’s stock worth $29,000 after buying an additional 235 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of 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 worth $30,000 after buying an additional 162 shares during the period. R Squared Ltd acquired a new position in Brown & Brown in the fourth quarter valued at $31,000. Finally, Sunbelt Securities Inc. boosted its holdings in Brown & Brown by 581.8% in the fourth quarter. Sunbelt Securities Inc. now owns 300 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 256 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

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.