5,254 Shares in Brown & Brown, Inc. (NYSE:BRO) Acquired by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated acquired a new position in Brown & Brown, Inc. (NYSE:BRO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,254 shares of the financial services provider's stock, valued at approximately $646,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BRO. Phillips Wealth Planners LLC raised its holdings in Brown & Brown by 3.4% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,659 shares of the financial services provider's stock worth $316,000 after buying an additional 88 shares during the period. Gateway Investment Advisers LLC grew 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 worth $536,000 after acquiring an additional 97 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Brown & Brown by 11.7% in the first quarter. Blue Trust Inc. now owns 1,002 shares of the financial services provider's stock worth $125,000 after buying an additional 105 shares in the last quarter. Lido Advisors LLC grew its holdings in shares of 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 purchasing an additional 120 shares during the last quarter. Finally, Transcend Capital Advisors LLC boosted its stake in 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 worth $269,000 after purchasing an additional 138 shares in the last quarter. Institutional investors own 71.01% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on BRO shares. 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. Jefferies Financial Group upped their price objective on Brown & Brown from $105.00 to $109.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. UBS Group increased their target price on Brown & Brown from $110.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. The Goldman Sachs Group lowered Brown & Brown from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $126.00 to $119.00 in a research report on Tuesday, May 13th. Finally, Barclays dropped their price target on Brown & Brown from $121.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Brown & Brown presently has an average rating of "Hold" and a consensus target price of $118.23.

Brown & Brown Stock Up 0.5%

Shares of BRO traded up $0.57 during mid-day trading on Wednesday, hitting $107.82. 1,486,531 shares of the company's stock were exchanged, compared to its average volume of 1,866,366. The stock's 50-day moving average is $109.76 and its 200-day moving average is $111.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.52 and a current ratio of 2.52. Brown & Brown, Inc. has a fifty-two week low of $89.92 and a fifty-two week high of $125.68. The company has a market cap of $30.91 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 2.36 and a beta of 0.82.

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 analysts' consensus estimates of $1.30 by ($0.01). The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. Brown & Brown had a return on equity of 17.77% and a net margin of 20.84%. Brown & Brown's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 earnings per share. On average, sell-side analysts anticipate that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th were given a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.56%. Brown & Brown's payout ratio 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.