Brown & Brown, Inc. (NYSE:BRO) has earned an average rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $46.11.

Several research firms have commented on BRO. Citigroup cut shares of Brown & Brown from a “neutral” rating to a “sell” rating and set a $47.00 target price for the company. in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of Brown & Brown from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Wednesday, November 1st. Barclays lifted their target price on shares of Brown & Brown from $39.00 to $43.00 and gave the stock an “underweight” rating in a research note on Monday, October 16th. Morgan Stanley lifted their target price on shares of Brown & Brown from $40.00 to $43.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th. Finally, Wells Fargo & Company set a $45.00 target price on shares of Brown & Brown and gave the stock a “hold” rating in a research note on Monday, October 16th.

Shares of Brown & Brown (NYSE BRO) traded up $0.50 on Monday, hitting $51.75. 544,951 shares of the stock were exchanged, compared to its average volume of 548,505. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 0.97. Brown & Brown has a fifty-two week low of $41.10 and a fifty-two week high of $51.79. The stock has a market cap of $7,280.00, a PE ratio of 27.41, a price-to-earnings-growth ratio of 2.75 and a beta of 0.79.

Brown & Brown (NYSE:BRO) last issued its quarterly earnings data on Monday, October 16th. The financial services provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. Brown & Brown had a net margin of 14.66% and a return on equity of 10.99%. The business had revenue of $475.60 million during the quarter, compared to analysts’ expectations of $475.13 million. During the same period last year, the company posted $0.50 EPS. The company’s revenue was up 2.9% on a year-over-year basis. equities analysts expect that Brown & Brown will post 1.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 8th. Shareholders of record on Friday, October 27th were paid a $0.15 dividend. This is a boost from Brown & Brown’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, October 26th. Brown & Brown’s payout ratio is presently 31.75%.

In other Brown & Brown news, insider Michael Waldkirch sold 75,000 shares of Brown & Brown stock in a transaction on Friday, October 20th. The shares were sold at an average price of $0.75, for a total value of $56,250.00. Also, Director Richard Silas sold 50,000 shares of Brown & Brown stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $0.83, for a total transaction of $41,500.00. Insiders sold a total of 163,000 shares of company stock valued at $126,250 over the last ninety days. 16.98% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in BRO. LS Investment Advisors LLC boosted its holdings in shares of Brown & Brown by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 10,519 shares of the financial services provider’s stock valued at $453,000 after purchasing an additional 1,568 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Brown & Brown by 19.8% in the 2nd quarter. Aperio Group LLC now owns 18,869 shares of the financial services provider’s stock valued at $813,000 after purchasing an additional 3,119 shares during the last quarter. State Treasurer State of Michigan boosted its holdings in shares of Brown & Brown by 1.7% in the 2nd quarter. State Treasurer State of Michigan now owns 47,400 shares of the financial services provider’s stock valued at $2,042,000 after purchasing an additional 800 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Brown & Brown by 5.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 83,762 shares of the financial services provider’s stock valued at $3,607,000 after purchasing an additional 4,652 shares during the last quarter. Finally, ING Groep NV acquired a new position in shares of Brown & Brown in the 2nd quarter valued at $603,000. Institutional investors own 71.95% of the company’s stock.

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Brown & Brown 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.

Analyst Recommendations for Brown & Brown (NYSE:BRO)

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