Barksdale Capital Corp (BRO) Stake Decreased by American Century Companies Inc.

American Century Companies Inc. lowered its holdings in shares of Barksdale Capital Corp (NYSE:BRO) by 23.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,319,878 shares of the company’s stock after selling 414,988 shares during the period. American Century Companies Inc. owned about 0.95% of Barksdale Capital Corp worth $63,605,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas raised its holdings in shares of Barksdale Capital Corp by 1.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 9,529 shares of the company’s stock worth $410,000 after buying an additional 105 shares in the last quarter. World Asset Management Inc increased its holdings in Barksdale Capital Corp by 1.7% in the 2nd quarter. World Asset Management Inc now owns 7,326 shares of the company’s stock worth $316,000 after purchasing an additional 120 shares in the last quarter. Pzena Investment Management LLC increased its holdings in Barksdale Capital Corp by 2.8% in the 2nd quarter. Pzena Investment Management LLC now owns 5,087 shares of the company’s stock worth $219,000 after purchasing an additional 138 shares in the last quarter. State of Wisconsin Investment Board increased its holdings in Barksdale Capital Corp by 0.6% in the 2nd quarter. State of Wisconsin Investment Board now owns 23,381 shares of the company’s stock worth $1,007,000 after purchasing an additional 140 shares in the last quarter. Finally, Rowland & Co. Investment Counsel ADV increased its holdings in Barksdale Capital Corp by 4.1% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 4,465 shares of the company’s stock worth $193,000 after purchasing an additional 175 shares in the last quarter.

A number of brokerages have issued reports on BRO. Citigroup Inc. cut Barksdale Capital Corp from a “neutral” rating to a “sell” rating and set a $47.00 target price for the company. in a report on Wednesday. Zacks Investment Research raised Barksdale Capital Corp from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Wednesday, November 1st. Barclays PLC upped their target price on Barksdale Capital Corp from $39.00 to $43.00 and gave the stock an “underweight” rating in a report on Monday, October 16th. Morgan Stanley upped their target price on Barksdale Capital Corp from $40.00 to $43.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. Finally, Wells Fargo & Company set a $45.00 target price on Barksdale Capital Corp and gave the stock a “hold” rating in a report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$46.11.

In related news, Director Richard Silas sold 38,000 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of C$0.75, for a total transaction of C$28,500.00. Also, insider Michael Waldkirch sold 75,000 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of C$0.75, for a total value of C$56,250.00.

Shares of Barksdale Capital Corp (NYSE:BRO) opened at C$49.48 on Friday. Barksdale Capital Corp has a one year low of C$38.10 and a one year high of C$50.81.

Barksdale Capital Corp (NYSE:BRO) last issued its quarterly earnings results on Monday, October 16th. The company reported C$0.53 earnings per share for the quarter, beating the consensus estimate of C$0.49 by C$0.04. The company had revenue of C$475.60 million during the quarter, compared to analysts’ expectations of C$475.13 million. Barksdale Capital Corp had a return on equity of 12.32% and a net margin of 15.96%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 8th. Stockholders of record on Friday, October 27th were paid a $0.15 dividend. This is a boost from Barksdale Capital Corp’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, October 26th. This represents a $0.60 annualized dividend and a dividend yield of 1.21%.

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Barksdale Capital Corp Company Profile

Brown & Brown, Inc is a diversified insurance agency, wholesale brokerage, insurance programs and service company. The Company markets and sells insurance products and services, in the property, casualty and employee benefits areas. It provides its customers with non-investment insurance contracts, as well as other customized risk management products and services.

Institutional Ownership by Quarter for Barksdale Capital Corp (NYSE:BRO)

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