Robeco Institutional Asset Management B.V. Has $29.25 Million Stock Holdings in Brown & Brown, Inc. (NYSE:BRO)

Robeco Institutional Asset Management B.V. cut its position in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 65.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 235,104 shares of the financial services provider's stock after selling 437,182 shares during the period. Robeco Institutional Asset Management B.V. owned 0.08% of Brown & Brown worth $29,247,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BRO. Norges Bank acquired a new position in shares of Brown & Brown during the 4th quarter worth about $313,412,000. First Trust Advisors LP grew its stake in Brown & Brown by 626.6% in the 4th quarter. First Trust Advisors LP now owns 2,350,039 shares of the financial services provider's stock valued at $239,751,000 after buying an additional 2,026,589 shares during the last quarter. Madison Investment Advisors LLC acquired a new position in Brown & Brown in the 4th quarter valued at about $198,031,000. Vanguard Group Inc. grew its stake in Brown & Brown by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 29,940,139 shares of the financial services provider's stock valued at $3,054,493,000 after buying an additional 1,335,964 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Brown & Brown by 13,974.9% in the 1st quarter. GAMMA Investing LLC now owns 1,112,758 shares of the financial services provider's stock valued at $138,427,000 after buying an additional 1,104,852 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Brown & Brown Stock Performance

Shares of NYSE:BRO opened at $109.74 on Friday. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.55. The firm has a market cap of $31.46 billion, a PE ratio of 30.57, a PEG ratio of 2.40 and a beta of 0.84. The company's 50 day moving average price is $110.68 and its two-hundred day moving average price is $110.99. Brown & Brown, Inc. has a 12-month low of $88.31 and a 12-month high of $125.68.

Brown & Brown (NYSE:BRO - Get Free Report) last posted 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). The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.41 billion. Brown & Brown had a return on equity of 17.77% and a net margin of 20.84%. The business's revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 EPS. Equities research analysts predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Brown & Brown Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 0.55%. Brown & Brown's dividend payout ratio is 16.71%.

Wall Street Analysts Forecast Growth

BRO has been the topic of a number of research reports. Morgan Stanley reiterated an "equal weight" rating and issued a $128.00 price target on shares of Brown & Brown in a research note on Tuesday, March 25th. Barclays upped their price target on shares of Brown & Brown from $119.00 to $121.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. BMO Capital Markets reiterated an "outperform" rating and issued a $122.00 price target (up previously from $116.00) on shares of Brown & Brown in a research note on Thursday, June 12th. Jefferies Financial Group upped their price target on shares of Brown & Brown from $105.00 to $109.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Brown & Brown from $100.00 to $102.00 and gave the company an "underperform" rating in a research note on Friday, June 13th. One 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 has an average rating of "Hold" and a consensus target price of $118.85.

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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