Brown & Brown, Inc. (NYSE:BRO) Receives Consensus Rating of “Hold” from Analysts

Brown & Brown, Inc. (NYSE:BRO) has been given a consensus rating of “Hold” by the fourteen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $118.85.

BRO has been the subject of several research analyst reports. The Goldman Sachs Group cut shares of Brown & Brown from a “buy” rating to a “neutral” rating and cut their target price for the company from $126.00 to $119.00 in a research note on Tuesday, May 13th. Jefferies Financial Group increased their price objective on Brown & Brown from $105.00 to $109.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods boosted their price objective on shares of Brown & Brown from $100.00 to $102.00 and gave the stock an “underperform” rating in a research report on Friday. Truist Financial cut their price target on shares of Brown & Brown from $138.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Finally, Barclays lifted their price target on Brown & Brown from $119.00 to $121.00 and gave the company an “equal weight” rating in a research note on Friday, April 11th.

Brown & Brown Stock Down 0.2%

Shares of Brown & Brown stock opened at $106.63 on Friday. The stock has a market capitalization of $30.56 billion, a P/E ratio of 30.82, a PEG ratio of 2.93 and a beta of 0.84. Brown & Brown has a 12-month low of $88.31 and a 12-month high of $125.68. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average price of $112.38 and a two-hundred day moving average price of $111.06.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). Brown & Brown had a return on equity of 17.81% and a net margin of 20.68%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities analysts expect that Brown & Brown will post 4.18 earnings per share for the current year.

Brown & Brown Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.56%. Brown & Brown’s dividend payout ratio (DPR) is currently 16.71%.

Institutional Trading of Brown & Brown

Institutional investors have recently added to or reduced their stakes in the company. Bares Capital Management Inc. acquired a new stake in shares of Brown & Brown during the first quarter worth $26,000. Optimum Investment Advisors acquired a new position in shares of Brown & Brown in the first quarter valued at about $31,000. SouthState Corp increased its position in Brown & Brown by 188.6% during the first quarter. SouthState Corp now owns 254 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 166 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Brown & Brown in the 4th quarter worth about $28,000. Finally, Johnson Financial Group Inc. boosted its holdings in Brown & Brown by 534.1% in the 4th quarter. Johnson Financial Group Inc. now owns 279 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 235 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Brown & Brown Company Profile

Brown & Brown, Inc is an insurance agency, wholesale brokerage, insurance program and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail, National Programs, Wholesale Brokerage, and Services.