Brown & Brown, Inc. (BRO) To Go Ex-Dividend on February 4th

Brown & Brown, Inc. (NYSE:BRO) announced a quarterly dividend on Wednesday, January 21st. Stockholders of record on Wednesday, February 4th will be given a dividend of 0.165 per share by the financial services provider on Wednesday, February 11th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, February 4th.

Brown & Brown has increased its dividend payment by an average of 0.1%per year over the last three years. Brown & Brown has a dividend payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Brown & Brown to earn $4.54 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 14.5%.

Brown & Brown Stock Performance

Shares of NYSE:BRO opened at $78.60 on Friday. The company has a market capitalization of $26.84 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 1.82 and a beta of 0.81. Brown & Brown has a 12 month low of $76.17 and a 12 month high of $125.68. The firm’s 50-day moving average is $79.91 and its 200 day moving average is $88.77. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.62.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.15. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. Brown & Brown had a net margin of 18.23% and a return on equity of 13.64%. The firm’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. Research analysts predict that Brown & Brown will post 4.18 EPS for the current year.

Institutional Trading of Brown & Brown

Several hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its holdings in Brown & Brown by 423.1% in the third quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 220 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in shares of Brown & Brown by 298.5% in the 2nd quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Brown & Brown during the 2nd quarter worth $30,000. Motco acquired a new stake in shares of Brown & Brown during the 2nd quarter worth about $32,000. Finally, Board of the Pension Protection Fund purchased a new stake in Brown & Brown in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

About Brown & Brown

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.