Dimensional Fund Advisors LP Acquires 26,770 Shares of Brown & Brown, Inc. (NYSE:BRO)

Dimensional Fund Advisors LP increased its holdings in Brown & Brown, Inc. (NYSE:BRO) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,564,185 shares of the financial services provider’s stock after buying an additional 26,770 shares during the quarter. Dimensional Fund Advisors LP owned about 0.55% of Brown & Brown worth $159,579,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Mogy Joel R Investment Counsel Inc. grew its stake in shares of Brown & Brown by 324.3% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 19,285 shares of the financial services provider’s stock worth $1,967,000 after acquiring an additional 14,740 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Brown & Brown by 395.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 34,197 shares of the financial services provider’s stock worth $3,489,000 after purchasing an additional 27,297 shares during the period. National Bank of Canada FI raised its stake in Brown & Brown by 56.8% during the 4th quarter. National Bank of Canada FI now owns 189,798 shares of the financial services provider’s stock valued at $19,365,000 after buying an additional 68,745 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Brown & Brown by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,356,535 shares of the financial services provider’s stock valued at $138,394,000 after buying an additional 40,881 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Brown & Brown by 19.9% in the 4th quarter. Victory Capital Management Inc. now owns 304,405 shares of the financial services provider’s stock worth $31,055,000 after buying an additional 50,510 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BRO shares. Morgan Stanley reissued an “equal weight” rating and issued a $128.00 target price on shares of Brown & Brown in a report on Tuesday, March 25th. Barclays increased their price objective on shares of Brown & Brown from $119.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Friday, April 11th. Bank of America upped their target price on shares of Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Truist Financial lifted their price target on shares of Brown & Brown from $118.00 to $138.00 and gave the stock a “buy” rating in a research note on Tuesday, April 15th. Finally, Jefferies Financial Group boosted their price objective on shares of Brown & Brown from $105.00 to $109.00 and gave the company a “hold” rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $117.50.

Brown & Brown Stock Down 0.3 %

NYSE BRO opened at $117.81 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56. Brown & Brown, Inc. has a 12 month low of $80.87 and a 12 month high of $125.68. The stock’s 50 day moving average is $117.82 and its 200 day moving average is $110.30. The stock has a market cap of $33.69 billion, a PE ratio of 34.05, a P/E/G ratio of 2.93 and a beta of 0.75.

Brown & Brown (NYSE:BRO) last issued its 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%. Research analysts predict that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

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.