Brown & Brown (NYSE:BRO - Get Free Report) had its price objective decreased by equities researchers at Keefe, Bruyette & Woods from $99.00 to $97.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "underperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective would indicate a potential downside of 4.98% from the company's current price.
A number of other research analysts also recently weighed in on BRO. Truist Financial increased their price objective on shares of Brown & Brown from $116.00 to $118.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on Brown & Brown from $98.00 to $104.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Morgan Stanley started coverage on Brown & Brown in a report on Thursday, December 5th. They issued an "overweight" rating and a $134.00 target price on the stock. Barclays upped their price target on shares of Brown & Brown from $108.00 to $119.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. Finally, Argus started coverage on shares of Brown & Brown in a report on Tuesday, September 24th. They issued a "buy" rating and a $120.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Brown & Brown has a consensus rating of "Hold" and an average price target of $112.08.
Read Our Latest Report on BRO
Brown & Brown Stock Down 0.4 %
Shares of Brown & Brown stock traded down $0.45 on Friday, reaching $102.08. The company's stock had a trading volume of 1,901,992 shares, compared to its average volume of 1,462,949. Brown & Brown has a 52 week low of $72.19 and a 52 week high of $114.15. The firm's fifty day simple moving average is $106.87 and its two-hundred day simple moving average is $102.62. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $29.19 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 2.40 and a beta of 0.85.
Brown & Brown (NYSE:BRO - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. Brown & Brown had a return on equity of 17.12% and a net margin of 22.65%. Brown & Brown's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. Equities analysts anticipate that Brown & Brown will post 3.74 earnings per share for the current year.
Institutional Trading of Brown & Brown
Hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC increased its position in shares of Brown & Brown by 4.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 161,569 shares of the financial services provider's stock valued at $18,104,000 after purchasing an additional 6,805 shares during the last quarter. Quantbot Technologies LP bought a new position in Brown & Brown during the 3rd quarter worth about $9,832,000. Charles Schwab Investment Management Inc. increased its position in Brown & Brown by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,315,654 shares of the financial services provider's stock valued at $136,302,000 after purchasing an additional 17,934 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Brown & Brown by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,553,396 shares of the financial services provider's stock valued at $138,899,000 after purchasing an additional 114,688 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Brown & Brown by 48.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 235,617 shares of the financial services provider's stock worth $24,410,000 after purchasing an additional 76,694 shares during the period. Hedge funds and other institutional investors own 71.01% of the company's stock.
Brown & Brown Company Profile
(
Get Free Report)
Brown & Brown, Inc is an insurance agency, wholesale brokerage, insurance program and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail, National Programs, Wholesale Brokerage, and Services.
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