Ossiam Sells 250,431 Shares of Brown & Brown, Inc. (NYSE:BRO)

Ossiam reduced its stake in Brown & Brown, Inc. (NYSE:BRO - Free Report) by 97.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,068 shares of the financial services provider's stock after selling 250,431 shares during the period. Ossiam's holdings in Brown & Brown were worth $721,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital World Investors raised its position in shares of Brown & Brown by 15.6% in the fourth quarter. Capital World Investors now owns 4,195,681 shares of the financial services provider's stock worth $428,043,000 after buying an additional 566,116 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Brown & Brown by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,564,185 shares of the financial services provider's stock worth $159,579,000 after buying an additional 26,770 shares in the last quarter. First Trust Advisors LP raised its position in shares of Brown & Brown by 626.6% in the fourth quarter. First Trust Advisors LP now owns 2,350,039 shares of the financial services provider's stock worth $239,751,000 after buying an additional 2,026,589 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Brown & Brown by 4.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 181,287 shares of the financial services provider's stock worth $18,482,000 after buying an additional 8,317 shares in the last quarter. Finally, Farringdon Capital Ltd. purchased a new stake in shares of Brown & Brown in the fourth quarter worth $508,000. 71.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BRO shares. Morgan Stanley reiterated an "equal weight" rating and issued a $128.00 price objective on shares of Brown & Brown in a research report on Tuesday, March 25th. Edward Jones started coverage on Brown & Brown in a research report on Wednesday, April 16th. They issued a "buy" rating on the stock. Bank of America increased their price objective on Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Truist Financial raised their price target on Brown & Brown from $118.00 to $138.00 and gave the company a "buy" rating in a research report on Tuesday, April 15th. Finally, Barclays raised their price target on Brown & Brown from $119.00 to $121.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $117.50.

Brown & Brown Trading Down 2.9 %

Shares of NYSE:BRO traded down $3.47 during trading on Friday, reaching $114.29. 3,085,479 shares of the company traded hands, compared to its average volume of 1,439,418. The firm has a market capitalization of $32.68 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 2.93 and a beta of 0.75. Brown & Brown, Inc. has a 52-week low of $80.91 and a 52-week 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 moving average is $118.02 and its 200-day moving average is $110.55.

Brown & Brown (NYSE:BRO - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.10. Brown & Brown had a return on equity of 17.81% and a net margin of 20.68%. As a group, analysts forecast that Brown & Brown, Inc. will post 4.18 EPS for the current year.

Brown & Brown Company 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.