MetLife Investment Management LLC Buys 1,093 Shares of Brown & Brown, Inc. (NYSE:BRO)

MetLife Investment Management LLC lifted its position in Brown & Brown, Inc. (NYSE:BRO) by 1.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 67,474 shares of the financial services provider’s stock after acquiring an additional 1,093 shares during the period. MetLife Investment Management LLC’s holdings in Brown & Brown were worth $6,884,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in Brown & Brown in the fourth quarter valued at $28,000. Y.D. More Investments Ltd raised its holdings 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 valued at $30,000 after purchasing an additional 162 shares during the period. R Squared Ltd acquired a new stake in Brown & Brown in the 4th quarter valued at about $31,000. SBI Securities Co. Ltd. bought a new position in Brown & Brown during the fourth quarter worth about $37,000. Finally, Versant Capital Management Inc increased its position in Brown & Brown by 130.7% during the fourth quarter. Versant Capital Management Inc now owns 413 shares of the financial services provider’s stock worth $42,000 after buying an additional 234 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their target price on Brown & Brown from $97.00 to $102.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 9th. Barclays upped their price objective on shares of Brown & Brown from $119.00 to $121.00 and gave the company an “equal weight” rating in a report on Friday, April 11th. Bank of America raised 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. Truist Financial upped their price target on shares of Brown & Brown from $118.00 to $138.00 and gave the company a “buy” rating in a research note on Tuesday, April 15th. Finally, UBS Group increased their target price on Brown & Brown from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $117.50.

Brown & Brown Stock Performance

NYSE:BRO opened at $117.61 on Wednesday. The company has a market cap of $33.63 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 2.93 and a beta of 0.75. Brown & Brown, Inc. has a fifty-two week low of $80.87 and a fifty-two week high of $125.68. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a fifty day moving average price of $117.53 and a 200-day moving average price of $110.19.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 earnings per share (EPS) 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, equities analysts anticipate that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

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.