Outlook Wealth Advisors LLC Buys 158 Shares of Brown & Brown, Inc. (NYSE:BRO)

Outlook Wealth Advisors LLC grew its stake in shares of Brown & Brown, Inc. (NYSE:BRO) by 4.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,992 shares of the financial services provider’s stock after acquiring an additional 158 shares during the period. Outlook Wealth Advisors LLC’s holdings in Brown & Brown were worth $414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BRO. Brookstone Capital Management grew its stake in shares of Brown & Brown by 44.8% during the first quarter. Brookstone Capital Management now owns 10,013 shares of the financial services provider’s stock worth $877,000 after buying an additional 3,096 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Brown & Brown by 5.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,185 shares of the financial services provider’s stock worth $892,000 after purchasing an additional 506 shares during the last quarter. Vicus Capital bought a new stake in shares of Brown & Brown in the first quarter worth $207,000. Compass Ion Advisors LLC grew its stake in shares of Brown & Brown by 13.4% in the first quarter. Compass Ion Advisors LLC now owns 11,662 shares of the financial services provider’s stock worth $1,021,000 after purchasing an additional 1,375 shares during the last quarter. Finally, Park Place Capital Corp grew its stake in shares of Brown & Brown by 128.5% in the first quarter. Park Place Capital Corp now owns 1,163 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 654 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Brown & Brown Price Performance

Shares of NYSE BRO opened at $103.98 on Friday. The firm’s 50-day moving average price is $104.03 and its 200-day moving average price is $95.13. Brown & Brown, Inc. has a 1-year low of $67.30 and a 1-year high of $107.67. The firm has a market capitalization of $29.66 billion, a P/E ratio of 29.88, a P/E/G ratio of 2.48 and a beta of 0.83. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.56.

Brown & Brown Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.58%. This is a positive change from Brown & Brown’s previous quarterly dividend of $0.13. Brown & Brown’s dividend payout ratio is currently 14.94%.

Insider Activity

In other news, CFO R. Andrew Watts sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $100.32, for a total transaction of $250,800.00. Following the transaction, the chief financial officer now owns 88,445 shares in the company, valued at approximately $8,872,802.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Hyatt J. Brown sold 134,640 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $104.51, for a total value of $14,071,226.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO R. Andrew Watts sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $100.32, for a total transaction of $250,800.00. Following the completion of the sale, the chief financial officer now owns 88,445 shares in the company, valued at $8,872,802.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 17.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BRO. UBS Group boosted their price objective on shares of Brown & Brown from $91.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. StockNews.com cut shares of Brown & Brown from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada boosted their price objective on shares of Brown & Brown from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Bank of America boosted their price objective on shares of Brown & Brown from $108.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Truist Financial boosted their target price on shares of Brown & Brown from $112.00 to $116.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Brown & Brown presently has a consensus rating of “Hold” and a consensus price target of $105.67.

Brown & Brown Company 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.