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:

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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.

BRO stock traded down $0.29 during trading on Wednesday, hitting $52.57. The stock had a trading volume of 653,403 shares, compared to its average volume of 691,142. The stock has a market cap of $7,251.07, a PE ratio of 18.78, a P/E/G ratio of 2.20 and a beta of 0.70. 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 12 month low of $41.10 and a 12 month high of $53.87.

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.

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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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