News headlines about Brown & Brown (NYSE:BRO) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brown & Brown earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.8522081749536 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Zac Brown Band coming back to Fenway (nismagazine.com)
- Brown steps down as CEO of ARG (bradfordera.com)
- Zac Brown Band to perform at SunTrust Park in June (bizjournals.com)
- Brown & Brown, Inc. — Moody’s rates Brown & Brown’s senior shelf (P)Baa3, stable (finance.yahoo.com)
- Zacks: Analysts Expect Brown & Brown, Inc. (BRO) Will Post Quarterly Sales of $447.22 Million (americanbankingnews.com)
Shares of Brown & Brown (NYSE BRO) traded up $0.22 during trading on Friday, reaching $52.42. The company’s stock had a trading volume of 271,404 shares, compared to its average volume of 409,194. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $7,276.87, a price-to-earnings ratio of 27.74, a P/E/G ratio of 2.43 and a beta of 0.79. Brown & Brown has a fifty-two week low of $41.10 and a fifty-two week high of $52.86.
Brown & Brown (NYSE:BRO) last announced its quarterly earnings data on Monday, October 16th. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.49 by $0.04. The business had revenue of $475.60 million during the quarter, compared to analyst estimates of $475.13 million. Brown & Brown had a return on equity of 10.99% and a net margin of 14.66%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. equities analysts expect that Brown & Brown will post 1.88 EPS for the current year.
Several research analysts have recently issued reports on BRO shares. Morgan Stanley raised their target price on shares of Brown & Brown from $40.00 to $43.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. SunTrust Banks upgraded shares of Brown & Brown from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research cut shares of Brown & Brown from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 price target on shares of Brown & Brown in a report on Monday, October 16th. Finally, Wells Fargo & Co set a $45.00 price target on shares of Brown & Brown and gave the company a “hold” rating in a report on Monday, October 16th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $46.38.
In other news, insider Michael Waldkirch sold 75,000 shares of Brown & Brown stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $0.75, for a total value of $56,250.00. Also, Director Richard Silas sold 38,000 shares of Brown & Brown stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $0.75, for a total value of $28,500.00. Insiders have sold 163,000 shares of company stock valued at $126,250 in the last three months. Insiders own 16.98% of the company’s stock.
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.
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