First Eagle Investment Management LLC grew its holdings in Brown & Brown, Inc. (NYSE:BRO) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,263,759 shares of the company’s stock after acquiring an additional 130,278 shares during the period. First Eagle Investment Management LLC owned about 5.21% of Brown & Brown worth $350,041,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. IFP Advisors Inc lifted its position in shares of Brown & Brown by 9.8% in the second quarter. IFP Advisors Inc now owns 2,823 shares of the company’s stock valued at $122,000 after acquiring an additional 251 shares in the last quarter. Mosaic Family Wealth LLC lifted its position in shares of Brown & Brown by 5.9% in the second quarter. Mosaic Family Wealth LLC now owns 4,208 shares of the company’s stock valued at $181,000 after acquiring an additional 235 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Brown & Brown by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,322 shares of the company’s stock valued at $186,000 after acquiring an additional 405 shares in the last quarter. Rowland & Co. Investment Counsel ADV lifted its position in shares of Brown & Brown by 4.1% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 4,465 shares of the company’s stock valued at $193,000 after acquiring an additional 175 shares in the last quarter. Finally, Hartford Investment Management Co. bought a new stake in shares of Brown & Brown in the second quarter worth about $211,000. Institutional investors and hedge funds own 72.45% of the company’s stock.

In related news, insider Michael Waldkirch sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of C$0.75, for a total value of C$56,250.00. Also, Director Richard Silas sold 38,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of C$0.75, for a total value of C$28,500.00. Corporate insiders own 16.98% of the company’s stock.

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Brown & Brown, Inc. (NYSE:BRO) traded up C$0.11 on Monday, hitting C$49.48. The stock had a trading volume of 725,800 shares, compared to its average volume of 588,828. The company has a market capitalization of $6,897.69, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.65 and a beta of 0.79. Brown & Brown, Inc. has a 1 year low of C$38.10 and a 1 year high of C$50.81. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 0.97.

Brown & Brown (NYSE:BRO) last released its earnings results on Monday, October 16th. The company reported C$0.53 EPS for the quarter, beating analysts’ consensus estimates of C$0.49 by C$0.04. The firm had revenue of C$475.60 million for the quarter, compared to analysts’ expectations of C$475.13 million. Brown & Brown had a return on equity of 10.99% and a net margin of 14.66%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. sell-side analysts expect that Brown & Brown, Inc. will post 1.87 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 8th. Stockholders of record on Friday, October 27th were paid a dividend of $0.15 per share. This is a boost from Brown & Brown’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, October 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.21%. Brown & Brown’s dividend payout ratio is currently 31.75%.

Several brokerages have recently issued reports on BRO. BidaskClub raised Brown & Brown from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research cut Brown & Brown from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Brown & Brown in a report on Tuesday, August 15th. Citigroup Inc. cut Brown & Brown from a “neutral” rating to a “sell” rating and set a $47.00 target price on the stock. in a report on Wednesday, November 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $43.00 target price on shares of Brown & Brown in a report on Friday, August 18th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of C$46.11.

Brown & Brown Company Profile

Brown & Brown, Inc is a diversified insurance agency, wholesale brokerage, insurance programs and service company. The Company markets and sells insurance products and services, in the property, casualty and employee benefits areas. It provides its customers with non-investment insurance contracts, as well as other customized risk management products and services.

Institutional Ownership by Quarter for Brown & Brown (NYSE:BRO)

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