Yousif Capital Management LLC Decreases Stake in Brown & Brown, Inc. (NYSE:BRO)

Yousif Capital Management LLC cut its stake in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,786 shares of the financial services provider's stock after selling 9,472 shares during the quarter. Yousif Capital Management LLC's holdings in Brown & Brown were worth $14,279,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Brown & Brown by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 29,940,139 shares of the financial services provider's stock valued at $3,054,493,000 after acquiring an additional 1,335,964 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Brown & Brown by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 12,901,968 shares of the financial services provider's stock worth $1,316,259,000 after purchasing an additional 94,121 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Brown & Brown by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 6,099,649 shares of the financial services provider's stock valued at $620,737,000 after buying an additional 118,569 shares in the last quarter. Capital World Investors grew its stake in shares of Brown & Brown by 15.6% during the fourth quarter. Capital World Investors now owns 4,195,681 shares of the financial services provider's stock valued at $428,043,000 after buying an additional 566,116 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Brown & Brown by 11.4% in the fourth quarter. Invesco Ltd. now owns 3,803,616 shares of the financial services provider's stock worth $388,045,000 after purchasing an additional 388,411 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Brown & Brown Price Performance

BRO traded down $0.17 during trading on Friday, hitting $106.63. The company's stock had a trading volume of 7,837,665 shares, compared to its average volume of 1,645,128. Brown & Brown, Inc. has a twelve month low of $88.31 and a twelve month high of $125.68. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56. The business's fifty day simple moving average is $112.38 and its 200 day simple moving average is $111.06. The firm has a market capitalization of $30.56 billion, a price-to-earnings ratio of 30.82, a P/E/G ratio of 2.93 and a beta of 0.84.

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

Brown & Brown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend 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%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of Brown & Brown from $105.00 to $109.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Wells Fargo & Company upped their price objective on Brown & Brown from $125.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday. 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. Keefe, Bruyette & Woods raised their target price on shares of Brown & Brown from $100.00 to $102.00 and gave the company an "underperform" rating in a research report on Friday. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $128.00 price target on shares of Brown & Brown in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $118.85.

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.