Brown & Brown, Inc. (NYSE:BRO) hit a new 52-week high on Thursday . The stock traded as high as $30.04 and last traded at $29.96, with a volume of 26600 shares traded. The stock had previously closed at $29.92.

Several equities research analysts have weighed in on BRO shares. Morgan Stanley boosted their price objective on Brown & Brown from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 29th. Royal Bank of Canada reissued a “hold” rating and set a $30.00 price objective on shares of Brown & Brown in a research note on Wednesday, July 25th. Wells Fargo & Co reissued a “hold” rating and set a $26.00 price objective on shares of Brown & Brown in a research note on Monday, July 23rd. Zacks Investment Research raised Brown & Brown from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Monday, June 4th. Finally, SunTrust Banks reissued a “buy” rating and set a $33.00 price objective on shares of Brown & Brown in a research note on Tuesday, July 24th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $28.13.

The company has a market cap of $8.28 billion, a P/E ratio of 31.03, a P/E/G ratio of 2.43 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.30.

Brown & Brown (NYSE:BRO) last released its earnings results on Monday, July 23rd. The financial services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The business had revenue of $473.10 million for the quarter, compared to the consensus estimate of $472.74 million. Brown & Brown had a net margin of 22.25% and a return on equity of 11.75%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS. equities analysts predict that Brown & Brown, Inc. will post 1.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 8th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, August 7th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.01%. Brown & Brown’s dividend payout ratio is 31.25%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its stake in shares of Brown & Brown by 4.3% during the second quarter. Advisory Services Network LLC now owns 42,064 shares of the financial services provider’s stock valued at $1,238,000 after buying an additional 1,734 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Brown & Brown by 3.2% during the second quarter. Louisiana State Employees Retirement System now owns 61,900 shares of the financial services provider’s stock valued at $1,716,000 after buying an additional 1,900 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of Brown & Brown by 17.6% during the second quarter. Wedbush Securities Inc. now owns 13,957 shares of the financial services provider’s stock valued at $387,000 after buying an additional 2,085 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Brown & Brown by 3.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 89,526 shares of the financial services provider’s stock valued at $2,483,000 after buying an additional 2,576 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Brown & Brown by 24.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,800 shares of the financial services provider’s stock valued at $410,000 after buying an additional 2,946 shares during the last quarter. 71.28% of the stock is currently owned by hedge funds and other institutional investors.

Brown & Brown Company Profile (NYSE:BRO)

Brown & Brown, Inc markets and sells insurance products in the United States, England, Canada, Bermuda, and the Cayman Islands. Its Retail segment offers property insurance relating to physical damage to property and resultant interruption of business, or extra expense caused by fire, windstorm, or other perils; casualty insurance relating to legal liabilities, professional liability, cyber-liability, workers' compensation, and commercial and private passenger automobile coverages; fidelity and surety bonds; and life, accident, disability, health, hospitalization, medical, dental, and other ancillary insurance products, as well as risk management, loss control surveys and analysis, consultation, and claims processing services.

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