Shares of Brown & Brown, Inc. (NYSE:BRO) have earned a consensus rating of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $43.43.

BRO has been the topic of several research reports. BidaskClub raised Brown & Brown from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Royal Bank Of Canada reissued a “hold” rating and set a $44.00 price target on shares of Brown & Brown in a research report on Tuesday, June 13th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $43.00 price target on shares of Brown & Brown in a research report on Friday, August 18th. Wells Fargo & Company reissued a “hold” rating on shares of Brown & Brown in a research report on Tuesday, August 15th. Finally, Zacks Investment Research raised Brown & Brown from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th.

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In other news, EVP Anthony T. Strianese sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $44.59, for a total transaction of $445,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.98% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Prudential Financial Inc. increased its holdings in shares of Brown & Brown by 28.0% during the first quarter. Prudential Financial Inc. now owns 173,322 shares of the financial services provider’s stock valued at $7,231,000 after purchasing an additional 37,890 shares during the period. Comerica Bank increased its holdings in shares of Brown & Brown by 0.9% during the second quarter. Comerica Bank now owns 90,104 shares of the financial services provider’s stock valued at $3,987,000 after purchasing an additional 772 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Brown & Brown by 5.9% during the second quarter. Russell Investments Group Ltd. now owns 83,762 shares of the financial services provider’s stock valued at $3,607,000 after purchasing an additional 4,652 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Brown & Brown by 5.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 467,704 shares of the financial services provider’s stock valued at $20,145,000 after purchasing an additional 26,188 shares during the period. Finally, Mosaic Family Wealth LLC increased its holdings in shares of Brown & Brown by 5.9% during the second quarter. Mosaic Family Wealth LLC now owns 4,208 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 235 shares during the period. 72.18% of the stock is currently owned by institutional investors.

Shares of Brown & Brown (NYSE BRO) traded down 0.29% during trading on Friday, hitting $48.73. 577,143 shares of the stock were exchanged. Brown & Brown has a 12-month low of $36.04 and a 12-month high of $49.12. The firm has a 50 day moving average of $46.49 and a 200-day moving average of $43.94. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 26.06 and a beta of 0.79.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings results on Monday, July 17th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The business had revenue of $466.30 million for the quarter, compared to analyst estimates of $465.48 million. Brown & Brown had a return on equity of 11.10% and a net margin of 14.52%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS. On average, analysts forecast that Brown & Brown will post $1.85 earnings per share for the current year.

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.

Analyst Recommendations for Brown & Brown (NYSE:BRO)

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