Brown & Brown (NYSE:BRO) Releases Earnings Results, Beats Estimates By $0.10 EPS

Brown & Brown (NYSE:BROGet Free Report) released its quarterly earnings results on Monday. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10, Zacks reports. Brown & Brown had a return on equity of 17.12% and a net margin of 22.65%.

Brown & Brown Price Performance

NYSE:BRO opened at $104.98 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $30.02 billion, a P/E ratio of 28.61, a P/E/G ratio of 2.12 and a beta of 0.85. Brown & Brown has a 12 month low of $75.79 and a 12 month high of $114.15. The business’s 50-day moving average is $105.63 and its 200 day moving average is $104.08.

Brown & Brown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Wednesday, February 5th. Brown & Brown’s dividend payout ratio (DPR) is 16.35%.

Analyst Ratings Changes

BRO has been the topic of several analyst reports. Bank of America lifted their target price on Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company lifted their target price on Brown & Brown from $112.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Morgan Stanley initiated coverage on Brown & Brown in a research report on Thursday, December 5th. They set an “overweight” rating and a $134.00 target price on the stock. Keefe, Bruyette & Woods lowered their target price on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a research report on Friday, January 10th. Finally, Truist Financial lifted their target price on Brown & Brown from $116.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.08.

Check Out Our Latest Stock Analysis on BRO

About Brown & Brown

(Get Free Report)

Brown & Brown, Inc is an insurance agency, wholesale brokerage, insurance program and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail, National Programs, Wholesale Brokerage, and Services.

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Earnings History for Brown & Brown (NYSE:BRO)

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