Press coverage about Brown & Brown (NYSE:BRO) has been trending somewhat negative this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brown & Brown earned a daily sentiment score of -0.09 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 65 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Brown & Brown (NYSE:BRO) & Kingstone Companies (KINS) Financial Survey (americanbankingnews.com)
- Brown & Brown Opens New Office in Paulding, OH (westbendnews.net)
- Three takes on Louisville’s urban redevelopment: ‘These are the projects we should be incentivizing’ (bizjournals.com)
- Web.com revenue falls but beat targets (bizjournals.com)
- The Brown Paper Dolls talk about their YouTube dramedy series ‘Milk + Honey’ (theundefeated.com)
Shares of Brown & Brown (NYSE:BRO) traded down 0.39% during midday trading on Tuesday, hitting $43.72. The company had a trading volume of 450,169 shares. Brown & Brown has a 12-month low of $36.05 and a 12-month high of $45.77. The firm has a market capitalization of $6.12 billion, a P/E ratio of 23.38 and a beta of 0.78. The firm’s 50-day moving average is $43.63 and its 200-day moving average is $43.07.
Brown & Brown (NYSE:BRO) last posted its quarterly earnings results on Monday, July 17th. The financial services provider reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $466.30 million for the quarter, compared to analyst estimates of $465.48 million. Brown & Brown had a return on equity of 11.10% and a net margin of 14.52%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS. On average, analysts predict that Brown & Brown will post $1.84 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.135 per share. The ex-dividend date is Monday, August 7th. This represents a $0.54 annualized dividend and a dividend yield of 1.24%. Brown & Brown’s dividend payout ratio is currently 29.03%.
Several analysts have issued reports on BRO shares. Wells Fargo & Company restated a “hold” rating on shares of Brown & Brown in a report on Tuesday, April 18th. BidaskClub downgraded Brown & Brown from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Zacks Investment Research downgraded Brown & Brown from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Royal Bank Of Canada reiterated a “hold” rating on shares of Brown & Brown in a report on Monday, May 8th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $46.00 target price (up previously from $44.00) on shares of Brown & Brown in a report on Friday, May 19th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.50.
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In related news, EVP Anthony T. Strianese sold 18,870 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $44.49, for a total value of $839,526.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 16.98% of the company’s stock.
Brown & Brown Company Profile
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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