Bank of New York Mellon Corp Has $133.26 Million Holdings in Brown & Brown, Inc. $BRO

Bank of New York Mellon Corp grew its holdings in shares of Brown & Brown, Inc. (NYSE:BRO) by 3.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,420,814 shares of the financial services provider’s stock after purchasing an additional 51,959 shares during the quarter. Bank of New York Mellon Corp’s holdings in Brown & Brown were worth $133,258,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BRO. Darwin Wealth Management LLC bought a new position in Brown & Brown during the second quarter worth $30,000. Motco acquired a new position in shares of Brown & Brown during the second quarter valued at about $32,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Brown & Brown during the 2nd quarter worth about $49,000. Horizon Bancorp Inc. IN bought a new position in shares of Brown & Brown during the 2nd quarter worth about $50,000. Finally, Evelyn Partners Investment Management LLP acquired a new stake in shares of Brown & Brown in the 2nd quarter valued at about $52,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Key Stories Impacting Brown & Brown

Here are the key news stories impacting Brown & Brown this week:

• Positive Sentiment: Keefe, Bruyette & Woods upgraded BRO from “underperform” to “market perform” (price target lowered to $73), a sign some analysts view downside as limited after recent weakness. Article Title
• Positive Sentiment: Argus upgraded the stock to a “hold,” which could provide modest support as some investors interpret upgrades as a floor for further selling. Article Title
• Neutral Sentiment: Q4 results were mixed: EPS $0.93 beat consensus $0.91, while revenue of $1.61B missed estimates (~$1.65B). EPS growth was solid year-over-year, but the revenue miss and management commentary appear to have prompted downward revisions from some analysts.
• Negative Sentiment: Bank of America lowered its long-term earnings outlook and cut its price target to $90 (from $94), citing Q4 results as the catalyst for lower forward assumptions—this reduces analyst confidence in near-term growth. Article Title
• Negative Sentiment: Mizuho lowered its expectations for BRO, further signaling analyst skepticism about upside following Q4. Article Title
• Negative Sentiment: Morgan Stanley cut its price target to $78 (now equal weight), reducing the consensus view of upside and suggesting more limited near-term appreciation. Article Title
• Negative Sentiment: BMO Capital Markets lowered its price target to $81 and placed a “market perform” rating, another downward revision tightening analyst price expectations. Article Title
• Negative Sentiment: Pomerantz LLP announced an investor investigation into Brown & Brown, which raises legal/settlement risk and can pressure the stock while the probe proceeds. Article Title
• Negative Sentiment: Coverage noted BRO reached a new 12-month low after recent analyst downgrades, reflecting the cumulative impact of cuts and the investigation on investor sentiment. Article Title

Brown & Brown Stock Down 0.0%

Shares of NYSE:BRO opened at $72.09 on Friday. The business’s 50 day moving average is $79.29 and its 200 day moving average is $87.28. Brown & Brown, Inc. has a 12-month low of $71.32 and a 12-month high of $125.68. The stock has a market cap of $24.61 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.17 and a beta of 0.81. The company has a quick ratio of 2.10, a current ratio of 1.67 and a debt-to-equity ratio of 0.55.

Brown & Brown (NYSE:BRO) last released its quarterly earnings results on Monday, January 26th. The financial services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.65 billion. Brown & Brown had a return on equity of 12.93% and a net margin of 17.84%.Brown & Brown’s quarterly revenue was up 35.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. On average, sell-side analysts forecast that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, February 4th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 4th. Brown & Brown’s dividend payout ratio (DPR) is presently 20.63%.

Wall Street Analysts Forecast Growth

BRO has been the topic of a number of research reports. Wolfe Research began coverage on Brown & Brown in a research note on Thursday, November 20th. They set a “peer perform” rating on the stock. Jefferies Financial Group decreased their price objective on Brown & Brown from $89.00 to $84.00 and set a “hold” rating for the company in a report on Wednesday. Mizuho cut their target price on Brown & Brown from $90.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods raised shares of Brown & Brown from an “underperform” rating to a “market perform” rating and reduced their price target for the company from $80.00 to $73.00 in a research report on Thursday. Finally, Wells Fargo & Company decreased their price target on shares of Brown & Brown from $84.00 to $82.00 and set an “equal weight” rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $90.64.

About Brown & Brown

Brown & Brown, Inc (NYSE: BRO) is a professional insurance brokerage and risk advisory firm that provides a broad range of property and casualty, employee benefits, personal risk, and specialty insurance products. The company works with commercial, public sector and individual clients to design and place insurance programs, manage claims and loss control, and deliver risk management consulting. Its services also include wholesale brokerage, program administration and other specialty distribution solutions that connect carriers and intermediaries to niche markets.

Brown & Brown operates through a decentralized model of operating units and subsidiaries, enabling local client service with the scale to access national and specialty markets.