Brown & Brown (BRO) Getting Somewhat Favorable Press Coverage, Report Finds
News stories about Brown & Brown (NYSE:BRO) have been trending somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Brown & Brown earned a news impact score of 0.14 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.8165334110571 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Mickey Brown beef burritos recalled for no inspections (foodsafetynews.com)
- Yum exec elected to Brown-Forman board of directors (bizjournals.com)
- Critical Comparison: Brown & Brown (BRO) versus CNO Financial Group (CNO) (americanbankingnews.com)
- Mickey Brown Inc. (foodsafetynews.com)
- Matt “The Immortal” Brown Joins Som Sleep as Affiliate (bizjournals.com)
Several analysts have issued reports on BRO shares. SunTrust Banks raised shares of Brown & Brown from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Brown & Brown from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Langen Mcalenn reaffirmed a “buy” rating on shares of Brown & Brown in a research report on Tuesday, January 16th. Wells Fargo reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Brown & Brown in a research report on Monday, January 22nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Brown & Brown in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $48.63.
Shares of Brown & Brown are scheduled to split before the market opens on Thursday, March 29th. The 2-1 split was announced on Monday, February 26th. The newly issued shares will be distributed to shareholders after the market closes on Wednesday, March 28th.
Brown & Brown (NYSE:BRO) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The company had revenue of $474.30 million during the quarter, compared to analysts’ expectations of $449.89 million. Brown & Brown had a return on equity of 11.19% and a net margin of 21.24%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. equities analysts forecast that Brown & Brown will post 2.39 EPS for the current year.
In other news, Chairman Hyatt J. Brown sold 35,561 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was 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 directly owns 27,957 shares in the company, valued at approximately $1,485,355.41. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Hyatt J. Brown sold 140,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $1,477,527.45. The disclosure for this sale can be found here. Corporate insiders own 16.98% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Brown & Brown (BRO) Getting Somewhat Favorable Press Coverage, Report Finds” was first posted by Watch List News and is the property of of Watch List News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/brown-brown-bro-getting-somewhat-favorable-press-coverage-report-finds/1954575.html.
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.
Receive News & Ratings for Brown & Brown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brown & Brown and related companies with MarketBeat.com's FREE daily email newsletter.