Centaur Capital Partners buys $2,010,000 stake in Brown & Brown (BRO)

Brown & Brown (BRO) : Centaur Capital Partners scooped up 4,000 additional shares in Brown & Brown during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 50,000 shares of Brown & Brown which is valued at $2,010,000.Brown & Brown makes up approximately 4.17% of Centaur Capital Partners’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank sold out all of its stake in BRO during the most recent quarter. The investment firm sold 16,068 shares of BRO which is valued $645,934. State Of Tennessee Treasury Department added BRO to its portfolio by purchasing 70,000 company shares during the most recent quarter which is valued at $2,632,000. Brown & Brown makes up approx 0.01% of State Of Tennessee Treasury Department’s portfolio.California State Teachers Retirement System boosted its stake in BRO in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 255,028 shares of Brown & Brown which is valued at $9,589,053. Brown & Brown makes up approx 0.02% of California State Teachers Retirement System’s portfolio.Blackrock Fund Advisors boosted its stake in BRO in the latest quarter, The investment management firm added 153,539 additional shares and now holds a total of 4,258,375 shares of Brown & Brown which is valued at $156,835,951. Brown & Brown makes up approx 0.03% of Blackrock Fund Advisors’s portfolio.Aperio Group boosted its stake in BRO in the latest quarter, The investment management firm added 265 additional shares and now holds a total of 12,344 shares of Brown & Brown which is valued at $446,976.

Brown & Brown opened for trading at $42.15 and hit $42.4 on the upside on Monday, eventually ending the session at $42.34, with a gain of 0.19% or 0.08 points. The heightened volatility saw the trading volume jump to 14,05,258 shares. Company has a market cap of $5,936 M.

On the company’s financial health, Brown & Brown reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.49. The company had revenue of $462.30 million for the quarter, compared to analysts expectations of $454.85 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Brown & Brown. Shares were Downgraded by BMO Capital Markets on Nov 4, 2016 to ” Underperform” and Lowered the Price Target to $ 37 from a previous price target of $39 .Deutsche Bank Downgraded Brown & Brown on Oct 24, 2016 to ” Hold”, Price Target of the shares are set at $40.

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.

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