Today’s Ownership Action: Brown & Brown Inc (NYSE:BRO) Shifting Institutional Investors Sentiment

December 1, 2016 - By Ellis Scott   ·   0 Comments

Today's Ownership Action: Brown & Brown Inc (NYSE:BRO) Shifting Institutional Investors Sentiment

Sentiment for Brown & Brown Inc (NYSE:BRO)

Brown & Brown Inc (NYSE:BRO) institutional sentiment increased to 1.42 in Q2 2016. Its up 0.16, from 1.26 in 2016Q1. The ratio has improved, as 110 investment professionals increased and opened new positions, while 87 sold and decreased positions in Brown & Brown Inc. The investment professionals in our partner’s database now hold: 100.91 million shares, down from 102.28 million shares in 2016Q1. Also, the number of investment professionals holding Brown & Brown Inc in their top 10 positions was flat from 3 to 3 for the same number . Sold All: 23 Reduced: 64 Increased: 92 New Position: 18.

Brown & Brown, Inc. is a diversified insurance agency, wholesale brokerage, insurance programs and service company. The company has a market cap of $6.09 billion. The Firm markets and sells insurance services and products in the property, casualty and employee benefits areas. It has a 23.31 P/E ratio. It provides clients with non-investment insurance contracts, as well as other targeted, customized risk management services and products.

The stock increased 0.93% or $0.4 during the last trading session, hitting $43.35. Brown & Brown, Inc. (NYSE:BRO) has risen 24.07% since April 28, 2016 and is uptrending. It has outperformed by 18.14% the S&P500.

Analysts await Brown & Brown, Inc. (NYSE:BRO) to report earnings on January, 23. They expect $0.41 EPS, 0.00% or $0.00 from last year’s $0.41 per share. BRO’s profit will be $57.60 million for 26.43 P/E if the $0.41 EPS becomes a reality. After $0.52 actual EPS reported by Brown & Brown, Inc. for the previous quarter, Wall Street now forecasts -21.15% negative EPS growth.

According to Zacks Investment Research, “Brown & Brown, Inc. and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, third party administration, managed health care, and Medicare set-aside services and programs. Providing service to business, public entity, individual, trade and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the United States’ sixth largest independent insurance intermediary.”

Kerrisdale Advisers Llc holds 4.34% of its portfolio in Brown & Brown, Inc. for 721,609 shares. Clarkston Capital Partners Llc owns 2.15 million shares or 4.2% of their US portfolio. Moreover, Fenimore Asset Management Inc has 3.34% invested in the company for 1.80 million shares. The Texas-based Centaur Capital Partners L.P. has invested 2.5% in the stock. Van Berkom & Associates Inc., a Quebec – Canada-based fund reported 1.31 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 4 insider sales for $1.88 million net activity.

Brown & Brown, Inc. (NYSE:BRO) Ratings Coverage

Ratings analysis reveals 0 of Brown & Brown’s analysts are positive. Out of 14 Wall Street analysts rating Brown & Brown, 0 give it “Buy”, 4 “Sell” rating, while 10 recommend “Hold”. The lowest target is $28 while the high is $40. The stock’s average target of $35 is -19.26% below today’s ($43.35) share price. BRO was included in 23 notes of analysts from August 24, 2015. The firm has “Underperform” rating given on Friday, November 4 by BMO Capital Markets. The stock has “Market Perform” rating given by Wells Fargo on Wednesday, October 14. The stock has “Neutral” rating given by Compass Point on Wednesday, July 20. The rating was downgraded by Barclays Capital to “Underweight” on Thursday, January 7. The rating was initiated by Citigroup on Tuesday, February 16 with “Neutral”. The stock has “Underweight” rating given by Morgan Stanley on Wednesday, January 27. The stock of Brown & Brown, Inc. (NYSE:BRO) has “Hold” rating given on Monday, August 24 by Zacks. The firm has “Hold” rating by Deutsche Bank given on Monday, October 24. Suntrust Robinson downgraded Brown & Brown, Inc. (NYSE:BRO) rating on Thursday, January 7. Suntrust Robinson has “Neutral” rating and $35 price target. Compass Point maintained the stock with “Neutral” rating in Tuesday, September 15 report.

BRO Company Profile

Brown & Brown, Inc., incorporated on January 2, 1959, is a diversified insurance agency providing wholesale brokerage and insurance programs and services. The Firm operates in four divisions: Retail Division, National Programs Division, Wholesale Brokerage Division, and Services Division. The Retail Division provides a range of insurance services and products 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 services and products to specific industries, trade groups, public entities, and market niches. The Wholesale Brokerage Division markets and sells excess and surplus commercial and personal insurance, and reinsurance, primarily through independent agents and brokers. The Services Division provides clients with third-party claims administration, consulting for the workers’ compensation insurance market, comprehensive medical utilization management services in both workers’ compensation and all-lines liability arenas, Medicare Secondary Payer statute compliance-related services, Social Security disability and Medicare benefits advocacy services, and catastrophe claims adjusting services. In January 2014, the Company announced that its subsidiary has acquired certain assets of ICA, Inc. In May 2014, the Company’s subsidiary, Brown & Brown of Kentucky, Inc., has acquired certain assets of Agency Management Corporation and Recreation Protection Management, Inc. In May 2014, the Company announced that Axiom Re, LP, an indirect subsidiary has acquired certain assets of Axia Strategies, Inc. In May 2014, Brown & Brown Inc completed the acquisition of The Wright Insurance Group, LLC ( TWIG ).

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By Ellis Scott


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