Brown & Brown, Inc. (NYSE:BRO) Stock Holdings Decreased by Lountzis Asset Management LLC

Lountzis Asset Management LLC reduced its position in Brown & Brown, Inc. (NYSE:BRO - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,081 shares of the financial services provider's stock after selling 11,821 shares during the period. Brown & Brown comprises approximately 4.7% of Lountzis Asset Management LLC's holdings, making the stock its 7th largest position. Lountzis Asset Management LLC's holdings in Brown & Brown were worth $12,531,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Phillips Wealth Planners LLC raised its stake in shares of Brown & Brown by 3.4% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,659 shares of the financial services provider's stock valued at $316,000 after buying an additional 88 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Brown & Brown by 2.3% in the 1st quarter. Gateway Investment Advisers LLC now owns 4,312 shares of the financial services provider's stock valued at $536,000 after buying an additional 97 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Brown & Brown by 11.7% in the 1st quarter. Blue Trust Inc. now owns 1,002 shares of the financial services provider's stock valued at $125,000 after buying an additional 105 shares in the last quarter. Lido Advisors LLC raised its stake in shares of Brown & Brown by 2.6% in the 4th quarter. Lido Advisors LLC now owns 4,690 shares of the financial services provider's stock valued at $479,000 after buying an additional 120 shares in the last quarter. Finally, Transcend Capital Advisors LLC raised its stake in shares of Brown & Brown by 6.8% in the 1st quarter. Transcend Capital Advisors LLC now owns 2,164 shares of the financial services provider's stock valued at $269,000 after buying an additional 138 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BRO shares. Edward Jones initiated coverage on shares of Brown & Brown in a research note on Wednesday, April 16th. They issued a "buy" rating for the company. The Goldman Sachs Group lowered shares of Brown & Brown from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $126.00 to $119.00 in a report on Tuesday, May 13th. UBS Group upped their target price on shares of Brown & Brown from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Barclays lowered their target price on shares of Brown & Brown from $121.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, Keefe, Bruyette & Woods upped their target price on shares of Brown & Brown from $102.00 to $104.00 and gave the company an "underperform" rating in a research report on Wednesday. One research 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, Brown & Brown currently has an average rating of "Hold" and an average target price of $118.23.

Brown & Brown Price Performance

Shares of NYSE:BRO opened at $107.43 on Thursday. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.55. Brown & Brown, Inc. has a twelve month low of $90.94 and a twelve month high of $125.68. The stock's 50 day moving average is $109.71 and its 200-day moving average is $111.27. The firm has a market capitalization of $30.80 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 2.35 and a beta of 0.82.

Brown & Brown (NYSE:BRO - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.01). Brown & Brown had a return on equity of 17.77% and a net margin of 20.84%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted $1.14 EPS. The company's quarterly revenue was up 11.6% compared to the same quarter last year. Sell-side analysts forecast that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Brown & Brown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 12th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 0.56%. Brown & Brown's dividend payout ratio (DPR) is currently 16.71%.

About Brown & Brown

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.

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