Brown & Brown (NYSE:BRO – Get Free Report) announced its quarterly earnings results on Monday. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05, RTT News reports. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Brown & Brown had a net margin of 21.09% and a return on equity of 16.43%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 earnings per share.
Brown & Brown Stock Up 0.8 %
Brown & Brown stock traded up $0.70 during mid-day trading on Monday, hitting $93.16. The company had a trading volume of 1,195,483 shares, compared to its average volume of 1,250,466. Brown & Brown has a 12 month low of $66.73 and a 12 month high of $94.28. The stock’s 50 day moving average price is $90.56 and its two-hundred day moving average price is $84.89. The company has a market capitalization of $26.57 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 2.45 and a beta of 0.82. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.52.
Brown & Brown Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, August 7th. Brown & Brown’s dividend payout ratio is currently 16.00%.
Wall Street Analyst Weigh In
Insider Buying and Selling
In other Brown & Brown news, EVP Julie Turpin sold 3,350 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $89.92, for a total value of $301,232.00. Following the completion of the transaction, the executive vice president now owns 23,597 shares of the company’s stock, valued at approximately $2,121,842.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. 17.02% of the stock is owned by company insiders.
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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