Brown & Brown, Inc. (NYSE:BRO) Shares Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC grew its holdings in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 32.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,091 shares of the financial services provider's stock after purchasing an additional 28,721 shares during the period. Guggenheim Capital LLC's holdings in Brown & Brown were worth $12,048,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new position in Brown & Brown in the fourth quarter worth $28,000. Y.D. More Investments Ltd grew its stake in shares of Brown & Brown by 122.7% during the 4th quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider's stock worth $30,000 after purchasing an additional 162 shares during the period. R Squared Ltd purchased a new position in shares of Brown & Brown in the 4th quarter valued at about $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Brown & Brown in the fourth quarter valued at about $37,000. Finally, Versant Capital Management Inc boosted its holdings 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 in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Brown & Brown Trading Down 1.9 %

BRO traded down $2.28 during trading on Monday, hitting $114.95. 164,156 shares of the company's stock were exchanged, compared to its average volume of 1,429,930. Brown & Brown, Inc. has a 1 year low of $80.87 and a 1 year high of $125.68. The stock has a 50 day moving average price of $117.44 and a 200 day moving average price of $110.14. The firm has a market cap of $32.87 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 2.93 and a beta of 0.75. 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 (NYSE:BRO - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.76 by $0.10. Brown & Brown had a return on equity of 17.81% and a net margin of 20.68%. As a group, analysts expect that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Brown & Brown Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.52%. Brown & Brown's payout ratio is currently 17.34%.

Analyst Ratings Changes

A number of brokerages have issued reports on BRO. Barclays increased their target price 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. Morgan Stanley reaffirmed an "equal weight" rating and set a $128.00 price objective on shares of Brown & Brown in a report on Tuesday, March 25th. 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. Truist Financial raised their price target on Brown & Brown from $118.00 to $138.00 and gave the company a "buy" rating in a research report on Tuesday, April 15th. Finally, Bank of America boosted their price objective on shares of Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $117.50.

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.