Capital Investment Advisory Services LLC bought a new stake in Brown & Brown, Inc. (NYSE:BRO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,050 shares of the financial services provider’s stock, valued at approximately $84,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its position in Brown & Brown by 19.2% in the third quarter. Russell Investments Group Ltd. now owns 332,947 shares of the financial services provider’s stock worth $9,845,000 after purchasing an additional 53,728 shares in the last quarter. Fenimore Asset Management Inc. raised its position in Brown & Brown by 0.7% in the fourth quarter. Fenimore Asset Management Inc. now owns 2,824,303 shares of the financial services provider’s stock worth $77,838,000 after purchasing an additional 20,132 shares in the last quarter. Veritable L.P. raised its position in Brown & Brown by 16.4% in the third quarter. Veritable L.P. now owns 27,123 shares of the financial services provider’s stock worth $802,000 after purchasing an additional 3,813 shares in the last quarter. Teachers Advisors LLC raised its position in Brown & Brown by 16.7% in the third quarter. Teachers Advisors LLC now owns 391,717 shares of the financial services provider’s stock worth $11,583,000 after purchasing an additional 56,196 shares in the last quarter. Finally, Vanguard Group Inc raised its position in Brown & Brown by 2.2% in the third quarter. Vanguard Group Inc now owns 24,202,436 shares of the financial services provider’s stock worth $715,666,000 after purchasing an additional 525,399 shares in the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

BRO has been the subject of several recent research reports. Barclays increased their price target on shares of Brown & Brown from $23.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, November 12th. Wells Fargo & Co reissued a “hold” rating and issued a $28.00 price target on shares of Brown & Brown in a research report on Monday, October 22nd. Zacks Investment Research raised shares of Brown & Brown from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Monday, December 31st. Finally, ValuEngine raised shares of Brown & Brown from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Brown & Brown presently has an average rating of “Hold” and an average price target of $29.00.

NYSE BRO opened at $28.45 on Thursday. The company has a market cap of $7.77 billion, a PE ratio of 23.13, a PEG ratio of 2.07 and a beta of 0.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.95 and a quick ratio of 0.96. Brown & Brown, Inc. has a 1-year low of $24.34 and a 1-year high of $31.55.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings data on Monday, January 28th. The financial services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $508.70 million for the quarter, compared to analyst estimates of $503.52 million. Brown & Brown had a return on equity of 12.03% and a net margin of 17.09%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. Equities analysts predict that Brown & Brown, Inc. will post 1.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 20th. Stockholders of record on Wednesday, February 6th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Tuesday, February 5th. Brown & Brown’s payout ratio is 26.02%.

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Brown & Brown Company Profile

Brown & Brown, Inc markets and sells insurance products in the United States, England, Canada, Bermuda, and the Cayman Islands. Its Retail segment offers property insurance relating to physical damage to property and resultant interruption of business, or extra expense caused by fire, windstorm, or other perils; casualty insurance relating to legal liabilities, professional liability, cyber-liability, workers' compensation, and commercial and private passenger automobile coverages; fidelity and surety bonds; and life, accident, disability, health, hospitalization, medical, dental, and other ancillary insurance products, as well as risk management, loss control surveys and analysis, consultation, and claims processing services.

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Institutional Ownership by Quarter for Brown & Brown (NYSE:BRO)

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