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  • Running Oak Capital LLC Boosts Position in Brown & Brown, Inc. $BRO

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    Running Oak Capital LLC grew its holdings in shares of Brown & Brown, Inc. (NYSE:BRO – Free Report) by 10.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,571 shares of the financial services provider’s stock after buying an additional 15,531 shares during the quarter. Running Oak Capital LLC’s holdings in Brown & Brown were worth $15,716,000 at the end of the most recent quarter.

    A number of other hedge funds have also made changes to their positions in BRO. Darwin Wealth Management LLC purchased a new stake in Brown & Brown during the 2nd quarter worth $30,000. Motco purchased a new stake in shares of Brown & Brown in the second quarter worth about $32,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Brown & Brown in the second quarter worth about $49,000. Horizon Bancorp Inc. IN acquired a new stake in shares of Brown & Brown in the second quarter valued at about $50,000. Finally, Evelyn Partners Investment Management LLP purchased a new stake in shares of Brown & Brown during the 2nd quarter valued at about $52,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

    Brown & Brown Stock Performance

    Shares of BRO stock opened at $71.32 on Tuesday. The stock has a market capitalization of $24.35 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.18 and a beta of 0.79. Brown & Brown, Inc. has a one year low of $70.92 and a one year high of $125.68. The company’s 50-day simple moving average is $79.13 and its 200-day simple moving average is $86.92. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.10 and a current ratio of 1.67.

    Brown & Brown (NYSE:BRO – Get Free Report) last announced its quarterly earnings data on Monday, January 26th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Brown & Brown had a return on equity of 12.93% and a net margin of 17.84%.Brown & Brown’s revenue for the quarter was up 35.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Equities analysts anticipate that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

    Brown & Brown Announces Dividend

    The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Wednesday, February 4th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 4th. Brown & Brown’s payout ratio is currently 20.63%.

    Wall Street Analyst Weigh In

    BRO has been the subject of several recent research reports. Keefe, Bruyette & Woods upgraded shares of Brown & Brown from an “underperform” rating to a “market perform” rating and dropped their price objective for the company from $80.00 to $73.00 in a research note on Thursday, January 29th. Raymond James Financial reaffirmed an “outperform” rating on shares of Brown & Brown in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Brown & Brown in a research report on Monday, December 29th. Argus upgraded Brown & Brown to a “hold” rating in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. assumed coverage on Brown & Brown in a report on Thursday, December 18th. They issued a “neutral” rating and a $91.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Brown & Brown has an average rating of “Hold” and a consensus price target of $90.64.

    Check Out Our Latest Analysis on BRO

    Brown & Brown Company Profile

    (Free Report)

    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.

    See Also

    Want to see what other hedge funds are holding BRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brown & Brown, Inc. (NYSE:BRO – Free Report).

    Institutional Ownership by Quarter for Brown & Brown (NYSE:BRO)



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    ABMN Staff

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  • Manhunt’s greatest strength is letting Abraham Lincoln just be a bro

    Manhunt’s greatest strength is letting Abraham Lincoln just be a bro

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    There is a moment that looms large over everything else in the pilot of Apple TV’s post-Civil War drama, Manhunt, a conversation that will haunt Edwin Stanton (Tobias Menzies) for the rest of his life. He’s hard at work in his office, putting together the plans for Reconstruction, when Abraham Lincoln (Midnight Mass’ Hamish Linklater) comes in tossing a baseball and invites him to the theater tonight (Ulysses S. Grant flaked to hang with his wife). Stanton is intrigued, drawn in by his friend’s easy charm, but ultimately backs out — he also owes his wife a night together. And so Lincoln strolls out, bemoaning that he’ll just be hanging out with Mary’s friends as he sees Our American Cousin.

    The rest is history: That night, Lincoln would be assassinated at the theater. Andrew Johnson would take the oath of office the following day. And Stanton — as Manhunt depicts — would spend the next 12 days hunting down Lincoln’s killer, John Wilkes Booth, and the rest of his life wondering what would’ve happened if he said yes to an evening at the theater.

    It’s no surprise that Stanton might forever ponder the road not taken, even though he made sure someone was guarding Lincoln that night. It’s a thought that’s incredibly compelling as Manhunt turns Stanton’s survivor’s guilt over and over. His connection to Lincoln makes it all the more provocative: Losing a friend like this is a tragedy. But when you’re also secretary of war to one of the most important presidents in United States history, trusted with his security and that of the nation, your actions have larger consequences. Every choice Johnson makes (or doesn’t make) in the postwar panic, every new vector point for the country, hangs on Stanton’s soul, a constant reminder of his failures and what we could’ve had.

    As a period drama, Manhunt is tasked with reading viewers in on a lot of vernacular and specific historical context. Too often its script cuts corners, making things as simple as possible, eschewing ambiguity in favor of a tidy narrative. The show grinds to a halt every time someone is forced to underline the point of the scene you just saw. It can be clumsy about working in exposition, or tackling Lincoln as a Great Man™, and big moments often come with the desire to be seen as big moments, rather than feeling like them. It’s hard for there to be enough scenery to chew on when most everyone in Manhunt feels like they have to stop and tell you how it tastes.

    Image: Apple TV Plus

    But it’s Menzies’ performance that grounds the show even when its dialogue can’t fully connect those dots. Every scene post-assassination has a heaviness to it, even when Stanton is energized on the hunt for Booth. Menzies brings in a sort of lightly manic energy, a ferocity of offense to mask the deeply rooted guilt already taking hold in his soul. It’s his performance that best ensures Lincoln’s loss is felt even when it’s unspoken, or when the show gets too busy. It’s this angle that gives Manhunt its juice, a reminder that Lincoln the myth was Lincoln the man first and foremost, and that he was mourned as not just a compatriot but also a companion.

    So it’s no surprise that the moment in Stanton’s office looms large in Manhunt’s narrative. It’s the first scene we get to see Lincoln as just a dude. He comes into his friend’s office, plops his feet up on his desk, jokes around, and bemoans his bud’s need to put in the time. It’s a distinctly casual feel, Abraham Lincoln: The Legend, only in the accurate (if distracting) makeup and costuming the show layers Linklater behind. This is more than a man who could rouse a room and change how we see ourselves as a nation; he was also a pal you could look up to. That’s the loss that Manhunt makes us feel, and what makes the stakes for Stanton’s mission feel so incredibly high.

    The first two episodes of Manhunt are now streaming on Apple TV Plus. New episodes drop every Friday.

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    Zosha Millman

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