Venturi Wealth Management LLC Sells 178 Shares of Brown & Brown, Inc. (NYSE:BRO)

Venturi Wealth Management LLC decreased its stake in Brown & Brown, Inc. (NYSE:BRO) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,395 shares of the financial services provider’s stock after selling 178 shares during the period. Venturi Wealth Management LLC’s holdings in Brown & Brown were worth $652,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BRO. Zurich Insurance Group Ltd FI increased its holdings in shares of Brown & Brown by 258.0% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 646,574 shares of the financial services provider’s stock worth $66,985,000 after buying an additional 465,988 shares during the last quarter. Barclays PLC increased its holdings in shares of Brown & Brown by 17.8% in the 3rd quarter. Barclays PLC now owns 2,466,582 shares of the financial services provider’s stock worth $255,537,000 after buying an additional 371,980 shares during the last quarter. FMR LLC increased its holdings in shares of Brown & Brown by 42.4% in the 3rd quarter. FMR LLC now owns 1,109,840 shares of the financial services provider’s stock worth $114,979,000 after buying an additional 330,661 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Brown & Brown by 129.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 547,003 shares of the financial services provider’s stock worth $56,670,000 after buying an additional 308,458 shares during the last quarter. Finally, EULAV Asset Management increased its holdings in shares of Brown & Brown by 144.8% in the 4th quarter. EULAV Asset Management now owns 430,900 shares of the financial services provider’s stock worth $43,960,000 after buying an additional 254,900 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Brown & Brown Trading Up 0.7 %

Shares of BRO opened at $112.25 on Thursday. The stock has a market capitalization of $32.09 billion, a P/E ratio of 32.44, a PEG ratio of 2.90 and a beta of 0.86. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $104.97 and a two-hundred day simple moving average of $105.31. Brown & Brown, Inc. has a twelve month low of $80.33 and a twelve month high of $114.15.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. On average, research analysts anticipate that Brown & Brown, Inc. will post 4.17 EPS for the current year.

Brown & Brown Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 annualized dividend and a yield of 0.53%. Brown & Brown’s dividend payout ratio (DPR) is presently 17.34%.

Analyst Ratings Changes

A number of equities analysts have recently commented on BRO shares. Wells Fargo & Company increased their price target on shares of Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Bank of America upped their price objective on shares of Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Truist Financial upped their price objective on shares of Brown & Brown from $116.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays upped 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 note on Thursday, November 21st. Finally, Morgan Stanley assumed coverage on shares of Brown & Brown in a research note on Thursday, December 5th. They issued an “overweight” rating and a $134.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Brown & Brown presently has an average rating of “Hold” and a consensus target price of $113.17.

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.