Threadgill Financial LLC Boosts Holdings in Brown & Brown, Inc. (NYSE:BRO)

Threadgill Financial LLC grew its position in Brown & Brown, Inc. (NYSE:BRO) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 34,402 shares of the financial services provider’s stock after buying an additional 957 shares during the period. Brown & Brown comprises about 1.9% of Threadgill Financial LLC’s portfolio, making the stock its 10th biggest holding. Threadgill Financial LLC’s holdings in Brown & Brown were worth $3,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in Brown & Brown in the 3rd quarter valued at about $26,000. ST Germain D J Co. Inc. raised its stake in Brown & Brown by 298.5% in the third quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider’s stock valued at $28,000 after buying an additional 200 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Brown & Brown in the third quarter valued at approximately $29,000. Versant Capital Management Inc boosted its stake in shares of Brown & Brown by 130.7% during the 4th quarter. Versant Capital Management Inc now owns 413 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 234 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Brown & Brown during the 3rd quarter worth approximately $58,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Brown & Brown Stock Performance

NYSE:BRO opened at $102.08 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.73 and a current ratio of 1.73. Brown & Brown, Inc. has a fifty-two week low of $72.19 and a fifty-two week high of $114.15. The company has a market cap of $29.19 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.40 and a beta of 0.85. The stock has a fifty day moving average price of $106.82 and a 200-day moving average price of $102.84.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. Brown & Brown had a net margin of 22.65% and a return on equity of 17.12%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. As a group, equities analysts anticipate that Brown & Brown, Inc. will post 3.74 EPS for the current fiscal year.

Brown & Brown Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.15 per share. This is an increase from Brown & Brown’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Wednesday, November 6th. Brown & Brown’s payout ratio is currently 16.35%.

Analysts Set New Price Targets

Several brokerages have issued reports on BRO. Bank of America raised their price target on Brown & Brown from $108.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Jefferies Financial Group raised their target price on shares of Brown & Brown from $98.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company upped their price target on shares of Brown & Brown from $112.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Barclays raised their price objective on shares of Brown & Brown from $108.00 to $119.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods decreased their target price on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $112.08.

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.