Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Brown & Brown (NYSE:BRO) Share Price
Headlines about Brown & Brown (NYSE:BRO) have been trending somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brown & Brown earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.385991093223 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Brown & Brown, Inc. breached its 50 day moving average in a Bearish Manner : BRO-US : August 11, 2017 (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Brown & Brown Inc. (finance.yahoo.com)
- Brown & Brown : How These Insurance Brokers Stocks are Performing? — Willis Towers Watson, Arthur J. Gallagher, Aon PLC, and Brown & Brown (4-traders.com)
- Sun Life Financial (SLF) Q2 Earnings, Revenues Rise Y/Y (finance.yahoo.com)
- Brown & Brown, Inc. :BRO-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
Shares of Brown & Brown (BRO) opened at 43.54 on Friday. The firm’s 50-day moving average price is $43.62 and its 200 day moving average price is $43.06. Brown & Brown has a 52 week low of $36.05 and a 52 week high of $45.77. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 23.28 and a beta of 0.78.
Brown & Brown (NYSE:BRO) last issued its quarterly earnings data on Monday, July 17th. The financial services provider reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The firm had revenue of $466.30 million during 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. On average, equities research analysts forecast that Brown & Brown will post $1.84 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.135 per share. The ex-dividend date is Monday, August 7th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.24%. Brown & Brown’s payout ratio is 29.03%.
Several equities analysts recently commented on BRO shares. BidaskClub upgraded Brown & Brown from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Royal Bank Of Canada restated a “hold” rating and set a $44.00 target price on shares of Brown & Brown in a research report on Tuesday, June 13th. SunTrust Banks, Inc. restated a “hold” rating and set a $46.00 target price (up from $44.00) on shares of Brown & Brown in a research report on Friday, May 19th. Wells Fargo & Company restated a “hold” rating on shares of Brown & Brown in a research report on Tuesday, April 18th. Finally, Zacks Investment Research upgraded Brown & Brown from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $43.50.
In other news, EVP Anthony T. Strianese sold 10,000 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.98% of the company’s stock.
About Brown & Brown
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.
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