Vinva Investment Management Ltd Sells 4,965 Shares of Brown & Brown, Inc. (NYSE:BRO)

Vinva Investment Management Ltd reduced its holdings in shares of Brown & Brown, Inc. (NYSE:BRO) by 40.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,339 shares of the financial services provider’s stock after selling 4,965 shares during the period. Vinva Investment Management Ltd’s holdings in Brown & Brown were worth $749,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BRO. Xponance Inc. raised its position in shares of Brown & Brown by 4.2% in the 4th quarter. Xponance Inc. now owns 43,796 shares of the financial services provider’s stock worth $4,468,000 after acquiring an additional 1,772 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Brown & Brown by 17.3% in the 4th quarter. Intech Investment Management LLC now owns 484,779 shares of the financial services provider’s stock valued at $49,457,000 after buying an additional 71,484 shares during the period. Curio Wealth LLC acquired a new position in shares of Brown & Brown in the 4th quarter valued at about $122,000. Signaturefd LLC lifted its holdings in shares of Brown & Brown by 14.3% in the 4th quarter. Signaturefd LLC now owns 1,812 shares of the financial services provider’s stock valued at $185,000 after buying an additional 227 shares during the period. Finally, SlateStone Wealth LLC raised its holdings in Brown & Brown by 2.3% in the 4th quarter. SlateStone Wealth LLC now owns 15,750 shares of the financial services provider’s stock worth $1,607,000 after purchasing an additional 350 shares during the period. 71.01% of the stock is owned by institutional investors.

Brown & Brown Stock Down 0.1 %

Shares of Brown & Brown stock opened at $119.80 on Friday. The business has a 50-day moving average of $111.23 and a 200-day moving average of $107.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $34.25 billion, a PE ratio of 34.62, a P/E/G ratio of 2.93 and a beta of 0.86. Brown & Brown, Inc. has a 1-year low of $80.33 and a 1-year high of $121.25.

Brown & Brown (NYSE:BRO) last issued its earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Brown & Brown Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were given a $0.15 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $0.60 annualized dividend and a yield of 0.50%. Brown & Brown’s dividend payout ratio (DPR) is 17.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BRO. Morgan Stanley began coverage on Brown & Brown in a report on Thursday, December 5th. They set an “overweight” rating and a $134.00 target price for the company. 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. Barclays increased their price objective on Brown & Brown from $108.00 to $119.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods lowered their price target on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research report on Friday, January 10th. Finally, Royal Bank of Canada increased their price objective on Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $113.17.

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.