Jackson Creek Investment Advisors LLC Buys 399 Shares of Brown & Brown, Inc. (NYSE:BRO)

Jackson Creek Investment Advisors LLC increased its stake in Brown & Brown, Inc. (NYSE:BRO) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,620 shares of the financial services provider’s stock after purchasing an additional 399 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Brown & Brown were worth $573,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in Brown & Brown during the third quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in Brown & Brown during the fourth quarter valued at about $28,000. Ashton Thomas Securities LLC bought a new stake in Brown & Brown during the third quarter valued at about $29,000. Y.D. More Investments Ltd raised its holdings in 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 valued at $30,000 after acquiring an additional 162 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Brown & Brown during the fourth quarter valued at about $31,000. 71.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price objective on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research report on Friday, January 10th. Bank of America lifted their price target on Brown & Brown from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Wells Fargo & Company lifted their price target on Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada lifted their price target on Brown & Brown from $118.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley assumed coverage on Brown & Brown in a research report on Thursday, December 5th. They issued an “overweight” rating and a $134.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Brown & Brown has a consensus rating of “Hold” and an average price target of $113.17.

Brown & Brown Stock Performance

Shares of NYSE:BRO opened at $118.70 on Friday. The company has a market capitalization of $33.94 billion, a price-to-earnings ratio of 34.31, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86. Brown & Brown, Inc. has a 52 week low of $80.33 and a 52 week high of $120.61. 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 50 day moving average of $108.13 and a 200 day moving average of $106.61.

Brown & Brown (NYSE:BRO) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 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%. On average, sell-side analysts predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Wednesday, February 5th. Brown & Brown’s dividend payout ratio (DPR) is 17.34%.

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.