Media coverage about Brown & Brown (NYSE:BRO) has been trending positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brown & Brown earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.9135064570752 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
Brown & Brown (BRO) traded down $0.02 during trading on Thursday, hitting $52.20. 374,900 shares of the stock traded hands, compared to its average volume of 441,364. The company has a market capitalization of $7,350.00, a PE ratio of 28.06, a P/E/G ratio of 2.50 and a beta of 0.79. Brown & Brown has a 52-week low of $41.10 and a 52-week high of $52.86. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.35.
Brown & Brown (NYSE:BRO) last released its earnings results on Monday, October 16th. The financial services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.04. The business had revenue of $475.60 million for the quarter, compared to analysts’ expectations of $475.13 million. Brown & Brown had a return on equity of 10.99% and a net margin of 14.66%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. equities research analysts forecast that Brown & Brown will post 1.88 EPS for the current year.
Several research analysts have recently weighed in on the stock. Citigroup cut shares of Brown & Brown from a “neutral” rating to a “sell” rating and set a $47.00 price target on the stock. in a report on Wednesday, November 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $45.00 price target on shares of Brown & Brown in a report on Monday, October 16th. SunTrust Banks raised 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. Finally, Barclays upped their price target on shares of Brown & Brown from $39.00 to $43.00 and gave the stock an “underweight” rating in a report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $46.38.
In related news, Director Richard Silas sold 50,000 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $0.83, for a total value of $41,500.00. Also, insider Michael Waldkirch sold 75,000 shares of the 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. In the last three months, insiders sold 163,000 shares of company stock worth $126,250. 16.98% of the stock is owned by insiders.
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About Brown & Brown
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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