Somewhat Positive Press Coverage Somewhat Unlikely to Affect Brown & Brown (BRO) Stock Price

Media stories about Brown & Brown (NYSE:BRO) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brown & Brown earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.4973549995677 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Several research firms have issued reports on BRO. Zacks Investment Research cut Brown & Brown from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Langen Mcalenn reaffirmed a “buy” rating on shares of Brown & Brown in a report on Tuesday, January 16th. Wells Fargo & Co reissued a “hold” rating and set a $52.00 target price on shares of Brown & Brown in a research note on Monday, January 22nd. Royal Bank of Canada reissued a “hold” rating and set a $53.00 target price on shares of Brown & Brown in a research note on Wednesday, January 24th. Finally, SunTrust Banks raised shares of Brown & Brown from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.63.

Shares of Brown & Brown (NYSE BRO) traded down $0.53 during trading hours on Tuesday, reaching $52.80. 519,288 shares of the company’s stock traded hands, compared to its average volume of 691,604. 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 52 week low of $41.10 and a 52 week high of $53.87. The firm has a market cap of $7,390.25, a P/E ratio of 18.86, a P/E/G ratio of 2.24 and a beta of 0.70.

Shares of Brown & Brown are scheduled to split on Thursday, March 29th. The 2-1 split was announced on Monday, February 26th. The newly minted shares will be issued to shareholders after the market closes on Wednesday, March 28th.

Brown & Brown (NYSE:BRO) last announced its earnings results on Monday, January 22nd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. Brown & Brown had a net margin of 21.24% and a return on equity of 11.19%. The company had revenue of $474.30 million for the quarter, compared to the consensus estimate of $449.89 million. During the same period in the previous year, the business earned $0.41 EPS. The company’s revenue was up 9.4% on a year-over-year basis. analysts expect that Brown & Brown will post 2.39 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Friday, February 2nd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, February 1st. Brown & Brown’s dividend payout ratio is currently 21.43%.

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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.

Insider Buying and Selling by Quarter for Brown & Brown (NYSE:BRO)

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