Brown & Brown (BRO) : Integrated Investment Consultants scooped up 300 additional shares in Brown & Brown during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 2,925 shares of Brown & Brown which is valued at $109,512.Brown & Brown makes up approximately 0.06% of Integrated Investment Consultants’s portfolio.
Other Hedge Funds, Including , Fenimore Asset Management Inc reduced its stake in BRO by selling 34,800 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 1,766,762 shares of BRO which is valued at $65,829,552. Brown & Brown makes up approx 3.22% of Fenimore Asset Management Inc’s portfolio. Fox Run Management L.l.c. added BRO to its portfolio by purchasing 7,100 company shares during the most recent quarter which is valued at $264,546. Brown & Brown makes up approx 0.16% of Fox Run Management L.l.c.’s portfolio.Legal General Group Plc reduced its stake in BRO by selling 19,244 shares or 4.03% in the most recent quarter. The Hedge Fund company now holds 458,551 shares of BRO which is valued at $17,085,610. Brown & Brown makes up approx 0.02% of Legal General Group Plc’s portfolio.Carroll Financial Associates reduced its stake in BRO by selling 46 shares or 31.29% in the most recent quarter. The Hedge Fund company now holds 101 shares of BRO which is valued at $3,827.
Brown & Brown closed down -0.07 points or -0.19% at $37.44 with 7,30,107 shares getting traded on Friday. Post opening the session at $37.81, the shares hit an intraday low of $37.44 and an intraday high of $37.81 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Brown & Brown reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $0.44. The company had revenue of $446.50 million for the quarter, compared to analysts expectations of $440.00 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Investors should note that on Oct 12, 2016, Brown & Brown announced a cash dividend of $0.1350. The company’s management has announced Oct 26, 2016 as the ex-dividend date and fixed the record date on Oct 28, 2016. The payable date has been fixed on Nov 9, 2016.
Many Wall Street Analysts have commented on Brown & Brown. Company shares were Reiterated by Compass Point on Jul 20, 2016 to “Neutral”, Firm has raised the Price Target to $ 37 from a previous price target of $34 .Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 37 from a previous price target of $35 .
Brown & Brown Inc. is a diversified insurance agency wholesale brokerage insurance programs and service organization. The Company markets and sells insurance products and services in the property casualty and employee benefits areas. The Company’s has four operating segments: the Retail Division provides insurance products and services to commercial public entity professional and individual customers; the National Programs Division provides professional liability and related package products for certain professionals and markets targeted products and services to industries trade groups public entities and market niches; the Wholesale Brokerage Division markets and sells excess and surplus commercial and personal insurance and reinsurance through agents and brokers; and the Services Division provides customers with thirdparty claims administration consulting for the workers compensation insurance market comprehensive medical utilization management services.