Headlines about Brown & Brown (NYSE:BRO) have been trending somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brown & Brown earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.6176679205759 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
Shares of NYSE:BRO traded down $0.03 during mid-day trading on Friday, reaching $25.72. 939,263 shares of the company’s stock were exchanged, compared to its average volume of 1,273,014. The firm has a market cap of $7,096.73, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.08 and a beta of 0.69. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. Brown & Brown has a twelve month low of $20.66 and a twelve month high of $26.93.
Brown & Brown (NYSE:BRO) last issued its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $474.30 million for the quarter, compared to analyst estimates of $449.89 million. Brown & Brown had a net margin of 21.24% and a return on equity of 11.19%. Brown & Brown’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share. sell-side analysts forecast that Brown & Brown will post 1.24 EPS for the current year.
A number of brokerages have weighed in on BRO. Zacks Investment Research upgraded shares of Brown & Brown from a “sell” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, April 3rd. Royal Bank of Canada reiterated a “hold” rating and set a $26.50 price target on shares of Brown & Brown in a report on Wednesday, January 24th. Langen Mcalenn reiterated a “buy” rating on shares of Brown & Brown in a report on Tuesday, January 16th. ValuEngine lowered shares of Brown & Brown from a “buy” rating to a “hold” rating in a report on Thursday, March 29th. Finally, Deutsche Bank cut their price target on shares of Brown & Brown from $52.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, March 29th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $24.94.
In related news, Chairman Hyatt J. Brown sold 140,000 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $52.85, for a total value of $7,399,000.00. Following the transaction, the chairman now owns 27,957 shares in the company, valued at $1,477,527.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Hyatt J. Brown sold 35,561 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $53.13, for a total transaction of $1,889,355.93. Following the completion of the transaction, the chairman now owns 27,957 shares in the company, valued at approximately $1,485,355.41. The disclosure for this sale can be found here. 17.12% of the stock is owned by insiders.
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Brown & Brown Company Profile
Brown & Brown, Inc markets and sells insurance products in the United States, England, Canada, Bermuda, and the Cayman Islands. Its Retail segment offers property insurance relating to physical damage to property and resultant interruption of business, or extra expense caused by fire, windstorm, or other perils; casualty insurance relating to legal liabilities, professional liability, cyber-liability, workers' compensation, and commercial and private passenger automobile coverages; fidelity and surety bonds; and life, accident, disability, health, hospitalization, medical, dental, and other ancillary insurance products, as well as risk management, loss control surveys and analysis, consultation, and claims processing services.
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