Brown & Brown (NYSE:BRO – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Brown & Brown Stock Down 1.2 %
Brown & Brown stock opened at $103.98 on Friday. The company has a market capitalization of $29.66 billion, a P/E ratio of 29.88, a P/E/G ratio of 2.48 and a beta of 0.83. The firm’s fifty day simple moving average is $104.03 and its 200-day simple moving average is $95.13. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.56. Brown & Brown has a 1-year low of $67.30 and a 1-year high of $107.67.
Brown & Brown Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.58%. This is an increase from Brown & Brown’s previous quarterly dividend of $0.13. Brown & Brown’s dividend payout ratio (DPR) is currently 14.94%.
Insiders Place Their Bets
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on BRO shares. UBS Group raised their price target on shares of Brown & Brown from $91.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Argus began coverage on shares of Brown & Brown in a report on Tuesday, September 24th. They issued a “buy” rating and a $120.00 target price on the stock. Bank of America lifted their target price on shares of Brown & Brown from $108.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Royal Bank of Canada lifted their target price on shares of Brown & Brown from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Brown & Brown from $86.00 to $92.00 and gave the stock an “underperform” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Brown & Brown presently has an average rating of “Hold” and a consensus target price of $105.67.
Read Our Latest Research Report on Brown & Brown
About Brown & Brown
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.
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