Yousif Capital Management LLC Sells 426 Shares of Brown & Brown, Inc. (NYSE:BRO)

Yousif Capital Management LLC decreased its holdings in shares of Brown & Brown, Inc. (NYSE:BRO) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,258 shares of the financial services provider’s stock after selling 426 shares during the period. Yousif Capital Management LLC’s holdings in Brown & Brown were worth $12,677,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. E. Ohman J or Asset Management AB boosted its stake in Brown & Brown by 17.9% in the 4th quarter. E. Ohman J or Asset Management AB now owns 11,670 shares of the financial services provider’s stock valued at $1,191,000 after buying an additional 1,770 shares in the last quarter. Longboard Asset Management LP acquired a new stake in shares of Brown & Brown in the 4th quarter valued at $248,000. Trust Point Inc. grew its holdings in shares of Brown & Brown by 156.1% in the 4th quarter. Trust Point Inc. now owns 6,451 shares of the financial services provider’s stock worth $658,000 after purchasing an additional 3,932 shares during the last quarter. Greenleaf Trust grew its holdings in shares of Brown & Brown by 0.9% in the 4th quarter. Greenleaf Trust now owns 15,475 shares of the financial services provider’s stock worth $1,579,000 after purchasing an additional 139 shares during the last quarter. Finally, Journey Strategic Wealth LLC increased its position in shares of Brown & Brown by 2.3% during the 4th quarter. Journey Strategic Wealth LLC now owns 4,486 shares of the financial services provider’s stock worth $458,000 after purchasing an additional 99 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BRO. Royal Bank of Canada upped their price objective on shares of Brown & Brown from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Jefferies Financial Group raised their price target on Brown & Brown from $98.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. StockNews.com lowered Brown & Brown from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Keefe, Bruyette & Woods lowered their target price on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research note on Friday, January 10th. Finally, Bank of America lifted their price target on Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Brown & Brown has an average rating of “Hold” and an average price target of $113.17.

Brown & Brown Stock Up 0.8 %

Shares of NYSE BRO opened at $106.79 on Thursday. Brown & Brown, Inc. has a 1 year low of $77.47 and a 1 year high of $114.15. The firm’s 50-day moving average is $104.85 and its 200-day moving average is $104.52. The company has a current ratio of 1.79, a quick ratio of 1.73 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $30.54 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. Equities analysts expect that Brown & Brown, Inc. will post 4.15 EPS for the current year.

Brown & Brown Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.56%. Brown & Brown’s dividend payout ratio (DPR) is presently 17.34%.

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.