BCM Advisors LLC Has $8.72 Million Stock Position in Brown & Brown, Inc. (NYSE:BRO)

BCM Advisors LLC trimmed its holdings in shares of Brown & Brown, Inc. (NYSE:BRO) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,398 shares of the financial services provider’s stock after selling 6,647 shares during the quarter. Brown & Brown accounts for about 2.3% of BCM Advisors LLC’s portfolio, making the stock its 8th largest position. BCM Advisors LLC’s holdings in Brown & Brown were worth $8,722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BRO. Independent Advisor Alliance grew its stake in Brown & Brown by 0.3% during the 3rd quarter. Independent Advisor Alliance now owns 51,561 shares of the financial services provider’s stock valued at $3,601,000 after purchasing an additional 155 shares during the last quarter. Advisor Partners II LLC grew its stake in Brown & Brown by 1.3% during the 1st quarter. Advisor Partners II LLC now owns 11,845 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 157 shares during the last quarter. Stephens Inc. AR grew its stake in Brown & Brown by 0.7% during the 1st quarter. Stephens Inc. AR now owns 25,801 shares of the financial services provider’s stock valued at $1,481,000 after purchasing an additional 172 shares during the last quarter. Tributary Capital Management LLC grew its stake in Brown & Brown by 1.1% during the 4th quarter. Tributary Capital Management LLC now owns 16,677 shares of the financial services provider’s stock valued at $1,186,000 after purchasing an additional 174 shares during the last quarter. Finally, Summit Financial LLC grew its stake in Brown & Brown by 6.0% during the 3rd quarter. Summit Financial LLC now owns 3,395 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 191 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Raymond James upped their target price on Brown & Brown from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods upped their target price on Brown & Brown from $75.00 to $80.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. Wells Fargo & Company upped their target price on Brown & Brown from $81.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. StockNews.com raised Brown & Brown from a “hold” rating to a “buy” rating in a report on Sunday, March 17th. Finally, Citigroup upped their price target on Brown & Brown from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Brown & Brown has a consensus rating of “Hold” and a consensus price target of $86.80.

Brown & Brown Price Performance

Shares of BRO stock traded up $1.04 during trading hours on Friday, reaching $82.17. The company had a trading volume of 1,403,065 shares, compared to its average volume of 1,329,932. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a fifty day moving average of $84.21 and a 200-day moving average of $76.63. The company has a market capitalization of $23.45 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 2.50 and a beta of 0.78. Brown & Brown, Inc. has a 12-month low of $59.91 and a 12-month high of $87.99.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $1.03 billion during the quarter. Brown & Brown had a return on equity of 15.46% and a net margin of 20.44%. During the same quarter last year, the company earned $0.50 earnings per share. On average, equities analysts anticipate that Brown & Brown, Inc. will post 3.44 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Hyatt J. Brown sold 144,323 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $85.96, for a total value of $12,406,005.08. Following the completion of the transaction, the chairman now directly owns 37,460,605 shares in the company, valued at $3,220,113,605.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 17.02% of the stock is currently owned by company insiders.

Brown & Brown Profile

Brown & Brown, Inc markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services.