Brown & Brown (BRO) Receives News Sentiment Rating of 0.08

Media stories about Brown & Brown (NYSE:BRO) have been trending somewhat positive on Wednesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brown & Brown earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.9762684072428 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

Brown & Brown (BRO) traded up $0.72 on Wednesday, reaching $51.67. The company had a trading volume of 634,083 shares, compared to its average volume of 585,134. Brown & Brown has a twelve month low of $41.10 and a twelve month high of $52.42. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.35. The company has a market cap of $7,183.47, a PE ratio of 27.56, a PEG ratio of 2.77 and a beta of 0.80.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings results on Monday, October 16th. The financial services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The business had revenue of $475.60 million for the quarter, compared to analysts’ expectations of $475.13 million. Brown & Brown had a return on equity of 10.99% and a net margin of 14.66%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 EPS. analysts predict that Brown & Brown will post 1.86 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Shareholders of record on Friday, October 27th were given a dividend of $0.15 per share. This is a boost from Brown & Brown’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, October 26th. This represents a $0.60 annualized dividend and a yield of 1.16%. Brown & Brown’s dividend payout ratio (DPR) is presently 31.75%.

A number of equities analysts have weighed in on BRO shares. Zacks Investment Research downgraded Brown & Brown from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Morgan Stanley upped their price target on Brown & Brown from $40.00 to $43.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 18th. Barclays upped their price target on Brown & Brown from $39.00 to $43.00 and gave the stock an “underweight” rating in a research report on Monday, October 16th. Wells Fargo & Company reiterated a “hold” rating on shares of Brown & Brown in a research note on Tuesday, August 15th. Finally, BidaskClub cut Brown & Brown from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.11.

In other Brown & Brown news, insider Michael Waldkirch sold 75,000 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $0.75, for a total transaction of $56,250.00. Also, Director Richard Silas sold 50,000 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $0.83, for a total value of $41,500.00. Insiders have sold a total of 163,000 shares of company stock worth $126,250 in the last quarter. Company insiders own 16.98% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Brown & Brown (NYSE:BRO)

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