Diversified Trust Co. Invests $871,000 in Brown & Brown, Inc. $BRO

Diversified Trust Co. acquired a new position in shares of Brown & Brown, Inc. (NYSE:BRO) in the 4th quarter, Holdings Channel.com reports. The fund acquired 10,925 shares of the financial services provider’s stock, valued at approximately $871,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Darwin Wealth Management LLC acquired a new stake in Brown & Brown during the 2nd quarter valued at $30,000. Cornerstone Planning Group LLC increased its position in Brown & Brown by 423.1% during the third quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock worth $26,000 after buying an additional 220 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Brown & Brown in the second quarter worth $49,000. Board of the Pension Protection Fund acquired a new position in shares of Brown & Brown in the fourth quarter worth $40,000. Finally, True Wealth Design LLC lifted its position in shares of Brown & Brown by 4,369.2% in the third quarter. True Wealth Design LLC now owns 581 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 568 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Brown & Brown Price Performance

BRO stock opened at $65.05 on Friday. Brown & Brown, Inc. has a 52-week low of $63.29 and a 52-week high of $125.68. The stock’s fifty day simple moving average is $71.12 and its 200-day simple moving average is $79.95. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $22.14 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.62 and a beta of 0.79.

Brown & Brown (NYSE:BRO) last released its earnings results on Monday, January 26th. The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm 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%.The business’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 earnings per share. Equities research analysts expect that Brown & Brown, Inc. will post 4.18 EPS for the current year.

Brown & Brown Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, February 4th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, February 4th. Brown & Brown’s dividend payout ratio (DPR) is presently 20.63%.

Analyst Ratings Changes

A number of research firms recently commented on BRO. BMO Capital Markets decreased their price objective on Brown & Brown from $88.00 to $81.00 and set a “market perform” rating on the stock in a research note on Thursday, January 29th. Truist Financial cut their target price on shares of Brown & Brown from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Morgan Stanley reduced their target price on shares of Brown & Brown from $85.00 to $78.00 and set an “equal weight” rating on the stock in a report on Thursday, January 29th. Argus raised shares of Brown & Brown to a “hold” rating in a research note on Tuesday, January 27th. Finally, Keefe, Bruyette & Woods upgraded shares of Brown & Brown from an “underperform” rating to a “market perform” rating and lowered their price target for the stock from $80.00 to $73.00 in a report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $89.33.

Brown & Brown Profile

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.