3,908 Shares in Brown & Brown, Inc. (NYSE:BRO) Bought by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT bought a new position in Brown & Brown, Inc. (NYSE:BRO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,908 shares of the financial services provider’s stock, valued at approximately $278,000.

A number of other institutional investors have also added to or reduced their stakes in the business. SG Americas Securities LLC increased its position in shares of Brown & Brown by 86.9% in the fourth quarter. SG Americas Securities LLC now owns 24,866 shares of the financial services provider’s stock worth $1,768,000 after purchasing an additional 11,559 shares during the last quarter. Patton Fund Management Inc. bought a new position in Brown & Brown in the fourth quarter valued at $4,765,000. Whittier Trust Co. lifted its stake in Brown & Brown by 12.1% during the fourth quarter. Whittier Trust Co. now owns 162,226 shares of the financial services provider’s stock worth $11,536,000 after purchasing an additional 17,479 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of Brown & Brown by 13.4% in the 4th quarter. WCM Investment Management LLC now owns 107,979 shares of the financial services provider’s stock worth $7,658,000 after purchasing an additional 12,748 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Brown & Brown by 28.7% during the 3rd quarter. Toronto Dominion Bank now owns 277,331 shares of the financial services provider’s stock valued at $19,369,000 after purchasing an additional 61,800 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BRO has been the subject of a number of recent research reports. Citigroup boosted their target price on Brown & Brown from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Royal Bank of Canada boosted their price target on shares of Brown & Brown from $87.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Keefe, Bruyette & Woods raised their price target on Brown & Brown from $75.00 to $80.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. StockNews.com upgraded Brown & Brown from a “hold” rating to a “buy” rating in a research report on Sunday, March 17th. Finally, Wells Fargo & Company raised their target price on shares of Brown & Brown from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $87.10.

Brown & Brown Trading Down 1.0 %

Shares of BRO traded down $0.82 during trading hours on Friday, reaching $81.46. 1,710,291 shares of the company traded hands, compared to its average volume of 1,280,265. Brown & Brown, Inc. has a 12 month low of $61.71 and a 12 month high of $87.99. The company has a quick ratio of 1.95, a current ratio of 1.97 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average price is $84.27 and its two-hundred day moving average price is $77.17. The company has a market capitalization of $23.24 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 2.23 and a beta of 0.78.

Brown & Brown (NYSE:BRO) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. Brown & Brown had a net margin of 21.09% and a return on equity of 16.43%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities research analysts predict that Brown & Brown, Inc. will post 3.61 earnings per share for the current fiscal year.

Brown & Brown Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Friday, May 3rd. Brown & Brown’s dividend payout ratio is currently 16.00%.

Insider Activity

In other news, Chairman Hyatt J. Brown sold 144,323 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $85.96, for a total transaction of $12,406,005.08. Following the completion of the transaction, the chairman now directly owns 37,460,605 shares of the company’s stock, valued at $3,220,113,605.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.02% of the company’s stock.

Brown & Brown Profile

Brown & Brown, Inc markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services.