Stifel Financial Corp lessened its holdings in shares of Brown & Brown, Inc. (NYSE:BRO) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,656 shares of the financial services provider’s stock after selling 1,689 shares during the period. Stifel Financial Corp owned approximately 0.07% of Brown & Brown worth $4,457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BRO. Victory Capital Management Inc. lifted its holdings in shares of Brown & Brown by 59.9% during the 3rd quarter. Victory Capital Management Inc. now owns 3,344,841 shares of the financial services provider’s stock valued at $161,187,000 after purchasing an additional 1,253,538 shares during the last quarter. Vanguard Group Inc. raised its stake in Brown & Brown by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 11,226,387 shares of the financial services provider’s stock worth $483,521,000 after acquiring an additional 468,116 shares during the last quarter. Citadel Advisors LLC raised its stake in Brown & Brown by 932.3% in the 3rd quarter. Citadel Advisors LLC now owns 443,912 shares of the financial services provider’s stock worth $21,392,000 after acquiring an additional 400,910 shares during the last quarter. Wells Fargo & Company MN raised its stake in Brown & Brown by 7.3% in the 2nd quarter. Wells Fargo & Company MN now owns 5,673,614 shares of the financial services provider’s stock worth $244,362,000 after acquiring an additional 388,294 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Brown & Brown by 31.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,430,400 shares of the financial services provider’s stock worth $61,607,000 after acquiring an additional 344,100 shares during the last quarter. Hedge funds and other institutional investors own 71.96% of the company’s stock.

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 target price on shares of Brown & Brown in a research note on Monday, October 16th. Citigroup lowered Brown & Brown from a “neutral” rating to a “sell” rating and set a $47.00 target price for the company. in a research note on Wednesday, November 8th. Wells Fargo & Company set a $45.00 target price on Brown & Brown and gave the stock a “hold” rating in a research note on Monday, October 16th. Zacks Investment Research upgraded Brown & Brown from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Wednesday, November 1st. Finally, SunTrust Banks upgraded Brown & Brown from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Brown & Brown has a consensus rating of “Hold” and a consensus price target of $46.13.

In other Brown & Brown news, Director Richard Silas sold 50,000 shares of Brown & Brown stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $0.83, for a total transaction of $41,500.00. Also, insider Michael Waldkirch sold 75,000 shares of Brown & Brown stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $0.75, for a total value of $56,250.00. Insiders have sold a total of 163,000 shares of company stock valued at $126,250 in the last quarter. Company insiders own 16.98% of the company’s stock.

Brown & Brown, Inc. (NYSE BRO) opened at $51.18 on Friday. The stock has a market capitalization of $7,134.70, a price-to-earnings ratio of 27.37, a P/E/G ratio of 2.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.97 and a quick ratio of 0.97. Brown & Brown, Inc. has a 52 week low of $41.10 and a 52 week high of $52.42.

Brown & Brown (NYSE:BRO) last released its quarterly earnings data on Monday, October 16th. The financial services provider reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.04. The business had revenue of $475.60 million during the quarter, compared to analyst estimates of $475.13 million. Brown & Brown had a return on equity of 10.99% and a net margin of 14.66%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. analysts forecast that Brown & Brown, Inc. will post 1.87 earnings per share for the current fiscal year.

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Brown & Brown Profile

Brown & Brown, Inc is a diversified insurance agency, wholesale brokerage, insurance programs and service company. The Company markets and sells insurance products and services, in the property, casualty and employee benefits areas. It provides its customers with non-investment insurance contracts, as well as other customized risk management products and services.

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

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