Somewhat Positive Press Coverage Somewhat Unlikely to Affect Brown & Brown (BRO) Stock Price
Media coverage about Brown & Brown (NYSE:BRO) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brown & Brown earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.6786934578298 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- JAYMEE BARRINGTON v. UNITED AIRLINES INC (caselaw.findlaw.com)
- Will Jerry Brown really sign bill that benefits his sister’s devp corp? (redgreenandblue.org)
- Brown & Brown, Inc. (BRO) Expected to Post Earnings of $0.50 Per Share (americanbankingnews.com)
- Nats made brown, blue M&M’s inspired by Scherzer’s eyes (usatoday.com)
- Brown signs law making California a sanctuary state (gopusa.com)
Brown & Brown (NYSE:BRO) opened at 48.73 on Friday. Brown & Brown has a 12 month low of $36.05 and a 12 month high of $49.12. The firm has a market capitalization of $6.82 billion, a P/E ratio of 26.06 and a beta of 0.79. The stock’s 50 day moving average price is $46.49 and its 200 day moving average price is $43.94.
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, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $466.30 million for the quarter, compared to analysts’ expectations of $465.48 million. Brown & Brown had a net margin of 14.52% and a return on equity of 11.10%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, analysts forecast that Brown & Brown will post $1.85 earnings per share for the current year.
A number of equities analysts have commented on the company. BidaskClub upgraded Brown & Brown from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Wells Fargo & Company restated a “hold” rating on shares of Brown & Brown in a research note on Tuesday, August 15th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $43.00 target price on shares of Brown & Brown in a research note on Friday, August 18th. Royal Bank Of Canada restated a “hold” rating and issued a $44.00 target price on shares of Brown & Brown in a research note on Tuesday, June 13th. Finally, Zacks Investment Research downgraded Brown & Brown from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $43.43.
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In other Brown & Brown news, EVP Anthony T. Strianese sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $44.59, for a total transaction of $445,900.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.98% of the stock is currently owned by corporate insiders.
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.
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