Brown & Brown (NYSE:BRO – Get Free Report) had its price target lifted by investment analysts at Royal Bank of Canada from $118.00 to $120.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price target suggests a potential upside of 14.77% from the company’s previous close.
Other equities research analysts have also issued reports about the company. Barclays upped their price target on Brown & Brown from $108.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted their price target on shares of Brown & Brown from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday. Morgan Stanley assumed coverage on shares of Brown & Brown in a research note on Thursday, December 5th. They issued an “overweight” rating and a $134.00 target price on the stock. Bank of America lifted their target price on shares of Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, StockNews.com downgraded shares of Brown & Brown from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.17.
Read Our Latest Stock Report on Brown & Brown
Brown & Brown Trading Down 0.4 %
Brown & Brown (NYSE:BRO – Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.10. Brown & Brown had a net margin of 22.65% and a return on equity of 17.12%. Sell-side analysts forecast that Brown & Brown will post 3.74 earnings per share for the current year.
Institutional Investors Weigh In On Brown & Brown
A number of institutional investors have recently modified their holdings of the stock. Zurich Insurance Group Ltd FI increased its holdings in Brown & Brown by 258.0% in the third quarter. Zurich Insurance Group Ltd FI now owns 646,574 shares of the financial services provider’s stock valued at $66,985,000 after buying an additional 465,988 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Brown & Brown by 392.3% in the 2nd quarter. Truist Financial Corp now owns 472,953 shares of the financial services provider’s stock valued at $42,287,000 after acquiring an additional 376,892 shares during the last quarter. Barclays PLC raised its position in shares of Brown & Brown by 17.8% during the 3rd quarter. Barclays PLC now owns 2,466,582 shares of the financial services provider’s stock valued at $255,537,000 after acquiring an additional 371,980 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Brown & Brown by 771.5% during the third quarter. Handelsbanken Fonder AB now owns 415,134 shares of the financial services provider’s stock worth $43,008,000 after purchasing an additional 367,500 shares during the last quarter. Finally, FMR LLC boosted its holdings in Brown & Brown by 42.4% in the third quarter. FMR LLC now owns 1,109,840 shares of the financial services provider’s stock worth $114,979,000 after purchasing an additional 330,661 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.
Brown & Brown Company Profile
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.
See Also
- Five stocks we like better than Brown & Brown
- 5 Top Rated Dividend Stocks to Consider
- 3 Steel Stocks Soaring After Tariff Announcements
- What is the Australian Securities Exchange (ASX)
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
- Using the MarketBeat Dividend Tax Calculator
- Why Salesforce Stock Could Be at Fresh Highs by February
Receive News & Ratings for Brown & Brown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brown & Brown and related companies with MarketBeat.com's FREE daily email newsletter.