Y Intercept Hong Kong Ltd Acquires New Stake in Brown & Brown, Inc. $BRO

Y Intercept Hong Kong Ltd purchased a new stake in shares of Brown & Brown, Inc. (NYSE:BRO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,790 shares of the financial services provider’s stock, valued at approximately $1,106,000.

Other institutional investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in Brown & Brown in the second quarter worth approximately $30,000. Motco purchased a new stake in Brown & Brown in the 2nd quarter worth $32,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Brown & Brown during the second quarter worth about $49,000. Horizon Bancorp Inc. IN purchased a new position in shares of Brown & Brown in the second quarter worth $50,000. Finally, Evelyn Partners Investment Management LLP bought a new position in shares of Brown & Brown during the second quarter worth $52,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Brown & Brown Trading Down 0.0%

Shares of Brown & Brown stock opened at $72.09 on Friday. The stock has a market cap of $24.61 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.81. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.67 and a quick ratio of 2.10. The firm has a fifty day moving average price of $79.29 and a 200 day moving average price of $87.28. Brown & Brown, Inc. has a 1 year low of $71.32 and a 1 year high of $125.68.

Brown & Brown (NYSE:BRO) last issued its quarterly earnings data on Monday, January 26th. The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. Brown & Brown had a return on equity of 12.93% and a net margin of 17.84%.Brown & Brown’s quarterly revenue was up 35.7% compared to the same quarter last year. During the same period last year, the company earned $0.86 earnings per share. Equities research analysts predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Brown & Brown Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 4th. Brown & Brown’s dividend payout ratio is 20.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company dropped their price target on Brown & Brown from $84.00 to $82.00 and set an “equal weight” rating for the company in a research note on Wednesday. Argus upgraded Brown & Brown to a “hold” rating in a research note on Tuesday, January 27th. Wolfe Research began coverage on Brown & Brown in a research note on Thursday, November 20th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. began coverage on Brown & Brown in a report on Thursday, December 18th. They issued a “neutral” rating and a $91.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brown & Brown in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $90.64.

More Brown & Brown News

Here are the key news stories impacting Brown & Brown this week:

• Positive Sentiment: Keefe, Bruyette & Woods upgraded BRO from “underperform” to “market perform” (price target lowered to $73), a sign some analysts view downside as limited after recent weakness. Article Title
• Positive Sentiment: Argus upgraded the stock to a “hold,” which could provide modest support as some investors interpret upgrades as a floor for further selling. Article Title
• Neutral Sentiment: Q4 results were mixed: EPS $0.93 beat consensus $0.91, while revenue of $1.61B missed estimates (~$1.65B). EPS growth was solid year-over-year, but the revenue miss and management commentary appear to have prompted downward revisions from some analysts.
• Negative Sentiment: Bank of America lowered its long-term earnings outlook and cut its price target to $90 (from $94), citing Q4 results as the catalyst for lower forward assumptions—this reduces analyst confidence in near-term growth. Article Title
• Negative Sentiment: Mizuho lowered its expectations for BRO, further signaling analyst skepticism about upside following Q4. Article Title
• Negative Sentiment: Morgan Stanley cut its price target to $78 (now equal weight), reducing the consensus view of upside and suggesting more limited near-term appreciation. Article Title
• Negative Sentiment: BMO Capital Markets lowered its price target to $81 and placed a “market perform” rating, another downward revision tightening analyst price expectations. Article Title
• Negative Sentiment: Pomerantz LLP announced an investor investigation into Brown & Brown, which raises legal/settlement risk and can pressure the stock while the probe proceeds. Article Title
• Negative Sentiment: Coverage noted BRO reached a new 12-month low after recent analyst downgrades, reflecting the cumulative impact of cuts and the investigation on investor sentiment. Article Title

Brown & Brown Profile

Brown & Brown, Inc (NYSE: BRO) is a professional insurance brokerage and risk advisory firm that provides a broad range of property and casualty, employee benefits, personal risk, and specialty insurance products. The company works with commercial, public sector and individual clients to design and place insurance programs, manage claims and loss control, and deliver risk management consulting. Its services also include wholesale brokerage, program administration and other specialty distribution solutions that connect carriers and intermediaries to niche markets.

Brown & Brown operates through a decentralized model of operating units and subsidiaries, enabling local client service with the scale to access national and specialty markets.