Tower Research Capital LLC TRC Acquires 9,086 Shares of Brown & Brown, Inc. (NYSE:BRO)

Tower Research Capital LLC TRC increased its stake in Brown & Brown, Inc. (NYSE:BRO - Free Report) by 119.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,670 shares of the financial services provider's stock after purchasing an additional 9,086 shares during the period. Tower Research Capital LLC TRC's holdings in Brown & Brown were worth $1,701,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mogy Joel R Investment Counsel Inc. raised its position in shares of Brown & Brown by 324.3% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 19,285 shares of the financial services provider's stock valued at $1,967,000 after buying an additional 14,740 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Brown & Brown by 395.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 34,197 shares of the financial services provider's stock valued at $3,489,000 after purchasing an additional 27,297 shares in the last quarter. National Bank of Canada FI raised its position in Brown & Brown by 56.8% during the fourth quarter. National Bank of Canada FI now owns 189,798 shares of the financial services provider's stock valued at $19,365,000 after purchasing an additional 68,745 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Brown & Brown by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,356,535 shares of the financial services provider's stock valued at $138,394,000 after purchasing an additional 40,881 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Brown & Brown by 19.9% during the 4th quarter. Victory Capital Management Inc. now owns 304,405 shares of the financial services provider's stock worth $31,055,000 after buying an additional 50,510 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Brown & Brown Trading Up 0.0 %

NYSE:BRO traded up $0.03 on Monday, reaching $114.47. 551,268 shares of the stock traded hands, compared to its average volume of 1,769,549. 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 $80.91 and a 1-year high of $125.68. The company's 50 day moving average is $118.02 and its 200-day moving average is $110.55. The firm has a market capitalization of $32.73 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 2.93 and a beta of 0.75.

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

Analyst Ratings Changes

A number of research firms have recently commented on BRO. Royal Bank of Canada increased their target price on shares of Brown & Brown from $118.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their target price on shares of Brown & Brown from $97.00 to $102.00 and gave the company an "underperform" rating in a research report on Wednesday, April 9th. Wells Fargo & Company increased their price target on Brown & Brown from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Edward Jones initiated coverage on Brown & Brown in a research report on Wednesday, April 16th. They set a "buy" rating on the stock. Finally, Barclays increased their target price 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $117.50.

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.