Geller Advisors LLC Takes Position in Brown & Brown, Inc. (NYSE:BRO)

Geller Advisors LLC bought a new position in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,513 shares of the financial services provider's stock, valued at approximately $766,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC bought a new position in shares of Brown & Brown in the 4th quarter valued at $28,000. Johnson Financial Group Inc. lifted its stake in shares of Brown & Brown by 534.1% in the 4th quarter. Johnson Financial Group Inc. now owns 279 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 235 shares during the last quarter. Y.D. More Investments Ltd increased its holdings in Brown & Brown by 122.7% in the fourth quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 162 shares during the period. R Squared Ltd acquired a new stake in Brown & Brown in the fourth quarter valued at $31,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Brown & Brown in the fourth quarter valued at $37,000. 71.01% of the stock is currently owned by institutional investors.

Brown & Brown Price Performance

Shares of BRO traded down $1.59 during mid-day trading on Wednesday, reaching $107.43. 353,817 shares of the stock traded hands, compared to its average volume of 1,466,046. The firm has a fifty day moving average price of $116.78 and a 200 day moving average price of $110.93. The company has a market cap of $30.79 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 2.93 and a beta of 0.87. 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, Inc. has a 1 year low of $85.97 and a 1 year high of $125.68.

Brown & Brown (NYSE:BRO - Get Free Report) last issued 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 17.81% and a net margin of 20.68%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the firm earned $1.14 EPS. The company's revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities research analysts predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Brown & Brown Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BRO. Jefferies Financial Group increased their price objective on Brown & Brown from $105.00 to $109.00 and gave the company a "hold" rating in a report on Friday, April 11th. Truist Financial decreased their price target on Brown & Brown from $138.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Bank of America raised their target price on Brown & Brown from $116.00 to $117.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Barclays raised 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 report on Friday, April 11th. Finally, UBS Group lifted their target price on shares of Brown & Brown from $110.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Brown & Brown has a consensus rating of "Hold" and a consensus price target of $116.85.

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.