Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Brown & Brown (BRO) Stock Price
News stories about Brown & Brown (NYSE:BRO) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brown & Brown earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.628055759085 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Court Orders Evaluation of Murphy-Brown Hog Operations Identified as Threats to Groundwater (waterkeeper.org)
- Democrat ex-congresswoman Brown gets 5 years in prison for fraud (gopusa.com)
- Brown Insurance Agency serving customers since 1936 (times-news.com)
- Brown & Brown’s Strategic Efforts Impress, Rising Costs Ail (zacks.com)
- Brown & Brown's Strategic Efforts Impress, Rising Costs Ail (finance.yahoo.com)
Brown & Brown (BRO) traded down $0.58 on Tuesday, reaching $50.95. 572,465 shares of the company traded hands, compared to its average volume of 584,942. The company has a market capitalization of $7,100.00, a price-to-earnings ratio of 27.67, a P/E/G ratio of 2.78 and a beta of 0.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 0.97. Brown & Brown has a one year low of $41.10 and a one year high of $52.42.
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 the Thomson Reuters’ consensus estimate of $0.49 by $0.04. The company had revenue of $475.60 million during the quarter, compared to analyst estimates of $475.13 million. Brown & Brown had a net margin of 14.66% and a return on equity of 10.99%. 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 earnings per share. equities analysts predict that Brown & Brown will post 1.86 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Friday, October 27th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, October 26th. This represents a $0.60 annualized dividend and a yield of 1.18%. This is a positive change from Brown & Brown’s previous quarterly dividend of $0.14. Brown & Brown’s dividend payout ratio is presently 31.75%.
BRO has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Brown & Brown from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Wednesday, November 1st. Wells Fargo & Company set a $45.00 target price on shares of Brown & Brown and gave the company a “hold” rating in a report on Monday, October 16th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 target price on shares of Brown & Brown in a report on Monday, October 16th. BidaskClub upgraded shares of Brown & Brown from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Citigroup downgraded shares of Brown & Brown from a “neutral” rating to a “sell” rating and set a $47.00 target price for the company. in a report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.11.
In related news, Director Richard Silas sold 50,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $0.83, for a total transaction of $41,500.00. Also, insider Michael Waldkirch sold 75,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $0.75, for a total transaction of $56,250.00. In the last 90 days, insiders have sold 163,000 shares of company stock valued at $126,250. 16.98% of the stock is owned by company insiders.
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.
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