Brown & Brown, Inc. (NYSE:BRO) has received a consensus broker rating score of 3.21 (Hold) from the eleven brokers that provide coverage for the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. Brown & Brown’s rating score has declined by 13.4% in the last 90 days as a result of various analysts’ ratings changes.

Analysts have set a 1-year consensus price objective of $47.22 for the company and are expecting that the company will post $0.42 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Brown & Brown an industry rank of 201 out of 265 based on the ratings given to its competitors.

A number of research firms have recently commented on BRO. BidaskClub raised shares of Brown & Brown from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research lowered shares of Brown & Brown from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Brown & Brown in a research note on Tuesday, August 15th. Citigroup Inc. lowered shares of Brown & Brown from a “neutral” rating to a “sell” rating and set a $47.00 price objective on the stock. in a research note on Wednesday, November 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $43.00 price objective on shares of Brown & Brown in a research note on Friday, August 18th.

In related news, insider Michael Waldkirch sold 75,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of C$0.75, for a total transaction of C$56,250.00. Also, Director Richard Silas sold 38,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of C$0.75, for a total transaction of C$28,500.00. 16.98% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRO. OppenheimerFunds Inc. raised its holdings in Brown & Brown by 24.9% during the first quarter. OppenheimerFunds Inc. now owns 10,134 shares of the company’s stock worth $423,000 after buying an additional 2,023 shares during the last quarter. Teachers Advisors LLC raised its holdings in Brown & Brown by 40.0% during the first quarter. Teachers Advisors LLC now owns 190,147 shares of the company’s stock worth $7,933,000 after buying an additional 54,283 shares during the last quarter. Credit Suisse AG raised its holdings in Brown & Brown by 3.8% during the first quarter. Credit Suisse AG now owns 179,889 shares of the company’s stock worth $7,506,000 after buying an additional 6,557 shares during the last quarter. Bank of Montreal Can raised its holdings in Brown & Brown by 73.3% during the second quarter. Bank of Montreal Can now owns 383,574 shares of the company’s stock worth $16,520,000 after buying an additional 162,186 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Brown & Brown by 4.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 42,574 shares of the company’s stock worth $1,834,000 after buying an additional 1,794 shares during the last quarter. Hedge funds and other institutional investors own 72.45% of the company’s stock.

Brown & Brown (NYSE BRO) traded up C$0.11 during trading hours on Monday, hitting C$49.48. 725,800 shares of the stock were exchanged, compared to its average volume of 588,828. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 0.97. Brown & Brown has a 12 month low of C$38.10 and a 12 month high of C$50.81. The company has a market cap of $6,897.69, a price-to-earnings ratio of 26.46, a P/E/G ratio of 2.65 and a beta of 0.79.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings data on Monday, October 16th. The company reported C$0.53 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.49 by C$0.04. Brown & Brown had a net margin of 14.66% and a return on equity of 10.99%. The company had revenue of C$475.60 million for the quarter, compared to analyst estimates of C$475.13 million. During the same period in the prior year, the firm posted $0.50 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. equities analysts expect that Brown & Brown will post 1.87 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Friday, October 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, October 26th. This is an increase from Brown & Brown’s previous quarterly dividend of $0.14. Brown & Brown’s payout ratio is presently 31.75%.

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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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