Brown & Brown (NYSE:BRO) posted its quarterly earnings data on Monday. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05, Bloomberg Earnings reports. Brown & Brown had a return on equity of 12.03% and a net margin of 17.09%. The firm had revenue of $617.50 million for the quarter, compared to the consensus estimate of $600.51 million. During the same quarter last year, the company earned $0.33 earnings per share. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year.
Shares of NYSE:BRO traded down $0.06 during trading on Monday, hitting $30.51. 1,044,225 shares of the company’s stock were exchanged, compared to its average volume of 1,021,763. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.49. Brown & Brown has a 52-week low of $25.72 and a 52-week high of $31.55. The stock has a market capitalization of $8.55 billion, a P/E ratio of 24.80, a P/E/G ratio of 2.30 and a beta of 0.73.
In other Brown & Brown news, EVP Robert W. Lloyd sold 10,601 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $29.29, for a total transaction of $310,503.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Anthony T. Strianese sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $29.17, for a total value of $1,020,950.00. The disclosure for this sale can be found here. Company insiders own 16.69% of the company’s stock.
Several research analysts have recently commented on BRO shares. Zacks Investment Research raised Brown & Brown from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Monday, December 31st. ValuEngine upgraded Brown & Brown from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Wells Fargo & Co reiterated a “hold” rating and set a $28.00 target price on shares of Brown & Brown in a research report on Sunday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $29.30.
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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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