Analysts Set Brown & Brown, Inc. (NYSE:BRO) Target Price at $113.17

Shares of Brown & Brown, Inc. (NYSE:BRO) have been given an average rating of “Hold” by the twelve brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $112.67.

A number of equities analysts have recently issued reports on BRO shares. Royal Bank of Canada upped their price objective on Brown & Brown from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $128.00 target price on shares of Brown & Brown in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods decreased their price target on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a research note on Friday, January 10th. 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. Finally, Wells Fargo & Company increased their target price on shares of Brown & Brown from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th.

Brown & Brown Trading Up 0.1 %

Shares of Brown & Brown stock opened at $122.97 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.79 and a quick ratio of 1.79. Brown & Brown has a 1 year low of $80.33 and a 1 year high of $123.24. The firm has a market cap of $35.16 billion, a PE ratio of 35.54, a PEG ratio of 2.93 and a beta of 0.86. The company has a 50 day simple moving average of $113.33 and a two-hundred day simple moving average of $108.31.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that Brown & Brown will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Wednesday, February 5th. Brown & Brown’s dividend payout ratio (DPR) is 17.34%.

Institutional Investors Weigh In On Brown & Brown

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group purchased a new position in shares of Brown & Brown during the third quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in Brown & Brown in the fourth quarter valued at $28,000. Johnson Financial Group Inc. increased its position in Brown & Brown by 534.1% during the 4th quarter. Johnson Financial Group Inc. now owns 279 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 235 shares during the period. Y.D. More Investments Ltd raised its holdings in Brown & Brown by 122.7% in the 4th 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 in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Brown & Brown in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

About Brown & Brown

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.