BNP Paribas Financial Markets Buys 28,053 Shares of Brown & Brown, Inc. (NYSE:BRO)

BNP Paribas Financial Markets lifted its position in Brown & Brown, Inc. (NYSE:BRO - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 403,647 shares of the financial services provider's stock after purchasing an additional 28,053 shares during the quarter. BNP Paribas Financial Markets owned about 0.14% of Brown & Brown worth $41,180,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Journey Strategic Wealth LLC raised its position in Brown & Brown by 2.3% in the 4th quarter. Journey Strategic Wealth LLC now owns 4,486 shares of the financial services provider's stock worth $458,000 after purchasing an additional 99 shares during the period. CWA Asset Management Group LLC raised its holdings in Brown & Brown by 3.7% in the fourth quarter. CWA Asset Management Group LLC now owns 2,916 shares of the financial services provider's stock worth $297,000 after purchasing an additional 103 shares in the last quarter. Bleakley Financial Group LLC lifted its position in Brown & Brown by 3.4% during the 4th quarter. Bleakley Financial Group LLC now owns 3,162 shares of the financial services provider's stock valued at $323,000 after acquiring an additional 103 shares during the period. Harbor Capital Advisors Inc. increased its position in Brown & Brown by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,664 shares of the financial services provider's stock valued at $476,000 after buying an additional 113 shares in the last quarter. Finally, Lido Advisors LLC boosted its holdings in Brown & Brown by 2.6% in the fourth quarter. Lido Advisors LLC now owns 4,690 shares of the financial services provider's stock worth $479,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 71.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BRO shares. Barclays increased their target price on Brown & Brown from $119.00 to $121.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Royal Bank of Canada raised their price objective on Brown & Brown from $118.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods lowered their price objective on Brown & Brown from $102.00 to $100.00 and set an "underperform" rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company increased their price objective on shares of Brown & Brown from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Finally, UBS Group boosted their target price on Brown & Brown from $110.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Brown & Brown presently has a consensus rating of "Hold" and an average target price of $116.67.

Brown & Brown Price Performance

BRO traded down $0.11 during midday trading on Friday, reaching $111.42. 922,426 shares of the company's stock were exchanged, compared to its average volume of 1,469,583. 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 business's 50-day moving average price is $117.15 and its 200 day moving average price is $110.86. Brown & Brown, Inc. has a 1-year low of $85.97 and a 1-year high of $125.68. The stock has a market capitalization of $31.93 billion, a PE ratio of 32.20, a P/E/G ratio of 2.93 and a beta of 0.87.

Brown & Brown (NYSE:BRO - Get Free Report) last announced its earnings results 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). The company had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.41 billion. Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. The business's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 earnings per share. As a group, equities analysts anticipate that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Brown & Brown Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, May 12th. Brown & Brown's payout ratio is 16.71%.

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.