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

Brown & Brown (NYSE:BRO) will issue its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings results on Monday, July 22nd. The financial services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. Brown & Brown had a net margin of 21.95% and a return on equity of 17.00%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business earned $0.68 EPS. Brown & Brown’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts expect Brown & Brown to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Brown & Brown Stock Down 0.5 %

Shares of BRO opened at $106.39 on Monday. Brown & Brown has a 52 week low of $66.73 and a 52 week high of $107.67. The firm has a market cap of $30.35 billion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 2.49 and a beta of 0.83. The firm’s 50-day simple moving average is $103.57 and its 200 day simple moving average is $94.56. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.35 and a current ratio of 2.35.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BRO. Truist Financial increased their target price on shares of Brown & Brown from $112.00 to $116.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Raymond James upped their price target on shares of Brown & Brown from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Wells Fargo & Company upped their price target on shares of Brown & Brown from $112.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. StockNews.com downgraded shares of Brown & Brown from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, Jefferies Financial Group increased their price objective on shares of Brown & Brown from $98.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $105.67.

Insider Buying and Selling at Brown & Brown

In other Brown & Brown news, CFO R. Andrew Watts sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $100.32, for a total value of $250,800.00. Following the completion of the transaction, the chief financial officer now directly owns 88,445 shares in the company, valued at approximately $8,872,802.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Chairman Hyatt J. Brown sold 134,640 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $104.51, for a total transaction of $14,071,226.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO R. Andrew Watts sold 2,500 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $100.32, for a total transaction of $250,800.00. Following the sale, the chief financial officer now owns 88,445 shares of the company’s stock, valued at approximately $8,872,802.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 17.02% of the company’s stock.

Brown & Brown Company Profile

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