Brown & Brown, Inc. (NYSE:BRO) Shares Bought by Radnor Capital Management LLC

Radnor Capital Management LLC grew its stake in Brown & Brown, Inc. (NYSE:BRO) by 9.6% during the 4th quarter, HoldingsChannel reports. The firm owned 5,690 shares of the financial services provider’s stock after buying an additional 500 shares during the quarter. Radnor Capital Management LLC’s holdings in Brown & Brown were worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Brown & Brown by 46.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 29,746 shares of the financial services provider’s stock worth $3,035,000 after purchasing an additional 9,467 shares during the period. Park Avenue Securities LLC increased its stake in Brown & Brown by 2.9% during the 4th quarter. Park Avenue Securities LLC now owns 8,922 shares of the financial services provider’s stock worth $910,000 after buying an additional 252 shares in the last quarter. Kathmere Capital Management LLC raised its holdings in shares of Brown & Brown by 9.4% during the fourth quarter. Kathmere Capital Management LLC now owns 2,662 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 228 shares during the last quarter. Board of the Pension Protection Fund acquired a new position in shares of Brown & Brown during the fourth quarter valued at approximately $102,000. Finally, Unique Wealth LLC lifted its position in shares of Brown & Brown by 68.3% in the fourth quarter. Unique Wealth LLC now owns 3,509 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 1,424 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Brown & Brown Stock Up 0.1 %

NYSE:BRO opened at $103.70 on Thursday. Brown & Brown, Inc. has a 52 week low of $73.23 and a 52 week high of $114.15. The stock’s fifty day moving average is $106.54 and its two-hundred day moving average is $103.04. The stock has a market capitalization of $29.65 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 2.40 and a beta of 0.85. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.52.

Brown & Brown (NYSE:BRO) last posted its earnings results on Monday, October 28th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. Brown & Brown had a return on equity of 17.12% and a net margin of 22.65%. Brown & Brown’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. Research analysts anticipate that Brown & Brown, Inc. will post 3.74 EPS for the current year.

Brown & Brown Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.58%. This is a boost from Brown & Brown’s previous quarterly dividend of $0.13. Brown & Brown’s payout ratio is 16.35%.

Wall Street Analyst Weigh In

BRO has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on shares of Brown & Brown from $113.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price objective on shares of Brown & Brown from $112.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Bank of America boosted their target price on Brown & Brown from $108.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley initiated coverage on Brown & Brown in a report on Thursday, December 5th. They issued an “overweight” rating and a $134.00 target price for the company. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Brown & Brown currently has a consensus rating of “Hold” and a consensus price target of $112.08.

Brown & Brown 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.