Brown & Brown (BRO) Set to Announce Earnings on Monday

Brown & Brown (NYSE:BROGet Rating) will issue its quarterly earnings data after the market closes on Monday, April 25th. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Brown & Brown (NYSE:BROGet Rating) last posted its quarterly earnings results on Monday, January 24th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $738.50 million during the quarter, compared to the consensus estimate of $725.36 million. Brown & Brown had a net margin of 19.24% and a return on equity of 15.43%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. On average, analysts expect Brown & Brown to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Brown & Brown stock opened at $67.73 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $19.18 billion, a PE ratio of 32.72 and a beta of 0.74. The firm has a fifty day simple moving average of $68.70 and a two-hundred day simple moving average of $66.63. Brown & Brown has a twelve month low of $49.78 and a twelve month high of $74.00.

In other Brown & Brown news, Director H Palmer Proctor, Jr. acquired 2,000 shares of the business’s stock in a transaction on Thursday, January 27th. The shares were acquired at an average price of $61.53 per share, for a total transaction of $123,060.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.67% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BRO. MML Investors Services LLC grew its holdings in shares of Brown & Brown by 12.0% during the fourth quarter. MML Investors Services LLC now owns 4,936 shares of the financial services provider’s stock valued at $347,000 after buying an additional 528 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of Brown & Brown during the fourth quarter valued at approximately $431,000. Amalgamated Bank grew its holdings in shares of Brown & Brown by 4.8% during the fourth quarter. Amalgamated Bank now owns 86,334 shares of the financial services provider’s stock valued at $6,068,000 after buying an additional 3,942 shares during the last quarter. Metropolitan Life Insurance Co NY grew its holdings in shares of Brown & Brown by 16.5% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 27,085 shares of the financial services provider’s stock valued at $1,904,000 after buying an additional 3,846 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in shares of Brown & Brown during the fourth quarter valued at approximately $1,785,000. Institutional investors and hedge funds own 74.02% of the company’s stock.

BRO has been the subject of several recent analyst reports. Truist Financial upped their price objective on shares of Brown & Brown from $77.00 to $82.00 in a research note on Thursday. StockNews.com initiated coverage on shares of Brown & Brown in a research note on Thursday, March 31st. They set a “hold” rating for the company. Royal Bank of Canada upped their price objective on shares of Brown & Brown from $64.00 to $67.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 26th. Zacks Investment Research downgraded shares of Brown & Brown from a “buy” rating to a “hold” rating and set a $67.00 price target for the company. in a research note on Thursday, January 27th. Finally, UBS Group initiated coverage on shares of Brown & Brown in a research note on Monday, April 18th. They issued a “neutral” rating and a $76.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Brown & Brown has a consensus rating of “Hold” and an average price target of $69.50.

About Brown & Brown (Get Rating)

Brown & Brown, Inc markets and sells insurance products and services in the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, loss control survey and analysis, consultancy, and claims processing services.

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Earnings History for Brown & Brown (NYSE:BRO)

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