Brown & Brown (NYSE:BRO) Issues Quarterly Earnings Results
Brown & Brown (NYSE:BRO) posted its quarterly earnings data on Monday. The financial services provider reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04, RTT News reports. The firm had revenue of $575.20 million during the quarter, compared to the consensus estimate of $554.35 million. Brown & Brown had a return on equity of 12.47% and a net margin of 17.23%. The firm’s revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 EPS.
Shares of BRO stock traded down $0.05 during trading hours on Monday, reaching $34.65. 1,296,800 shares of the company’s stock were exchanged, compared to its average volume of 988,478. The firm has a market cap of $9.79 billion, a P/E ratio of 28.17, a P/E/G ratio of 2.57 and a beta of 0.71. The business’s 50 day simple moving average is $33.69. Brown & Brown has a 1 year low of $25.72 and a 1 year high of $35.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.93 and a current ratio of 0.93.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Tuesday, August 6th. Brown & Brown’s dividend payout ratio (DPR) is 26.02%.
About Brown & Brown
Brown & Brown, Inc markets and sells insurance products and services in the United States, England, Canada, Bermuda, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers commercial packages, group medical, workers' compensation, property risk, and general liability insurance products; and group and individual life, accident, disability, health, hospitalization, medical, dental, and other ancillary insurance products, as well as risk management, loss control survey and analysis, consultancy, and claims processing services.
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