Brown & Brown, Inc. (NYSE:BRO) Receives $98.67 Consensus PT from Brokerages

Brown & Brown, Inc. (NYSE:BRO) has received a consensus rating of “Hold” from the nineteen ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $98.6667.

A number of research analysts recently commented on BRO shares. Wolfe Research began coverage on Brown & Brown in a report on Thursday, November 20th. They issued a “peer perform” rating on the stock. Bank of America reiterated a “neutral” rating and set a $97.00 price objective (down previously from $135.00) on shares of Brown & Brown in a research report on Monday, November 3rd. UBS Group dropped their target price on shares of Brown & Brown from $120.00 to $106.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Mizuho set a $89.00 target price on shares of Brown & Brown and gave the company a “neutral” rating in a research note on Monday, December 15th. Finally, Morgan Stanley reduced their price target on shares of Brown & Brown from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Monday, November 17th.

Hedge Funds Weigh In On Brown & Brown

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. increased its stake in Brown & Brown by 298.5% in the 2nd quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Brown & Brown in the second quarter valued at $30,000. Cornerstone Planning Group LLC increased its position in Brown & Brown by 423.1% in the third quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 220 shares during the last quarter. Motco purchased a new stake in Brown & Brown during the second quarter valued at $32,000. Finally, TD Private Client Wealth LLC raised its stake in Brown & Brown by 39.3% during the second quarter. TD Private Client Wealth LLC now owns 436 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 123 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Brown & Brown Trading Down 1.3%

Shares of Brown & Brown stock opened at $78.12 on Monday. Brown & Brown has a fifty-two week low of $76.17 and a fifty-two week high of $125.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $26.67 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.84 and a beta of 0.81. The company has a fifty day moving average of $79.94 and a 200 day moving average of $88.84.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.90 by $0.15. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. Brown & Brown had a return on equity of 13.64% and a net margin of 18.23%.The business’s revenue was up 35.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. On average, sell-side analysts anticipate that Brown & Brown will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, February 4th. Brown & Brown’s payout ratio is 19.76%.

Brown & Brown Company Profile

Brown & Brown, Inc (NYSE: BRO) is a professional insurance brokerage and risk advisory firm that provides a broad range of property and casualty, employee benefits, personal risk, and specialty insurance products. The company works with commercial, public sector and individual clients to design and place insurance programs, manage claims and loss control, and deliver risk management consulting. Its services also include wholesale brokerage, program administration and other specialty distribution solutions that connect carriers and intermediaries to niche markets.

Brown & Brown operates through a decentralized model of operating units and subsidiaries, enabling local client service with the scale to access national and specialty markets.