Legacy Capital Wealth Partners LLC Has $608,000 Stock Position in Brown & Brown, Inc. (NYSE:BRO)

Legacy Capital Wealth Partners LLC trimmed its position in Brown & Brown, Inc. (NYSE:BRO) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,963 shares of the financial services provider’s stock after selling 365 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Brown & Brown were worth $608,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BRO. Brooklyn Investment Group acquired a new stake in shares of Brown & Brown during the third quarter worth approximately $26,000. ST Germain D J Co. Inc. boosted its holdings in shares of Brown & Brown by 298.5% during the third quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 200 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Brown & Brown during the third quarter worth approximately $29,000. Y.D. More Investments Ltd boosted its holdings in shares of Brown & Brown by 122.7% during the fourth quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 162 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Brown & Brown during the fourth quarter worth approximately $31,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BRO has been the subject of several research reports. Royal Bank of Canada raised their price target on shares of Brown & Brown from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. StockNews.com cut shares of Brown & Brown from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Barclays raised their price objective on shares of Brown & Brown from $108.00 to $119.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Truist Financial raised their price objective on shares of Brown & Brown from $116.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Brown & Brown currently has a consensus rating of “Hold” and a consensus target price of $113.17.

Brown & Brown Trading Down 0.4 %

NYSE:BRO opened at $110.50 on Monday. Brown & Brown, Inc. has a 12 month low of $80.33 and a 12 month high of $114.15. The firm has a market cap of $31.60 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 2.84 and a beta of 0.86. The company has a quick ratio of 1.73, a current ratio of 1.79 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $104.54 and its 200-day moving average is $105.12.

Brown & Brown (NYSE:BRO) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. Equities analysts anticipate that Brown & Brown, Inc. will post 4.15 EPS for the current year.

Brown & Brown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Wednesday, February 5th. Brown & Brown’s dividend payout ratio (DPR) is currently 17.34%.

Brown & Brown Company 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.