3,504 Shares in Brown & Brown, Inc. (NYSE:BRO) Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. acquired a new position in Brown & Brown, Inc. (NYSE:BRO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,504 shares of the financial services provider's stock, valued at approximately $357,000.

Other large investors also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Brown & Brown in the fourth quarter valued at about $28,000. Johnson Financial Group Inc. lifted its position in shares of Brown & Brown by 534.1% in the fourth quarter. Johnson Financial Group Inc. now owns 279 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 235 shares in the last quarter. Y.D. More Investments Ltd lifted its position in shares of Brown & Brown by 122.7% in the fourth quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 162 shares in the last quarter. R Squared Ltd purchased a new position in shares of Brown & Brown in the fourth quarter valued at about $31,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Brown & Brown in the fourth quarter worth about $37,000. Institutional investors own 71.01% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Morgan Stanley reiterated an "equal weight" rating and issued a $128.00 target price on shares of Brown & Brown in a research report on Tuesday, March 25th. Barclays boosted their target price on Brown & Brown from $119.00 to $121.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. The Goldman Sachs Group downgraded Brown & Brown from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $126.00 to $119.00 in a research report on Tuesday, May 13th. Edward Jones initiated coverage on Brown & Brown in a research report on Wednesday, April 16th. They issued a "buy" rating on the stock. Finally, Bank of America boosted their price objective on Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $116.85.

Brown & Brown Stock Up 0.4%

NYSE BRO traded up $0.50 during midday trading on Tuesday, hitting $112.50. 1,928,266 shares of the company traded hands, compared to its average volume of 1,478,683. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $32.24 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 2.93 and a beta of 0.87. The company's 50-day simple moving average is $116.16 and its 200-day simple moving average is $111.14. Brown & Brown, Inc. has a 52 week low of $85.97 and a 52 week high of $125.68.

Brown & Brown (NYSE:BRO - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.01). Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. The business had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter in the prior year, the company posted $1.14 EPS. The business's revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities research analysts forecast that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Brown & Brown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Monday, May 12th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 0.53%. Brown & Brown's dividend payout ratio (DPR) is 16.71%.

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.