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

Brown & Brown (NYSE:BRO) released its earnings results on Monday. The financial services provider reported $0.86 EPS for the quarter, beating 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 Stock Performance

BRO stock opened at $104.98 on Wednesday. The company has a market cap of $30.02 billion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 2.12 and a beta of 0.85. Brown & Brown has a 1 year low of $75.79 and a 1 year high of $114.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.73 and a quick ratio of 1.73. The stock’s fifty day moving average price is $105.63 and its 200-day moving average price is $104.08.

Brown & Brown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th will be issued 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 payout ratio is 16.35%.

Analyst Ratings Changes

A number of research firms have recently commented on BRO. Keefe, Bruyette & Woods lowered their target price on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research note on Friday, January 10th. Jefferies Financial Group raised their price objective on Brown & Brown from $98.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley initiated coverage on Brown & Brown in a research report on Thursday, December 5th. They set an “overweight” rating and a $134.00 price objective for the company. StockNews.com lowered Brown & Brown from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Finally, Royal Bank of Canada raised their price objective on Brown & Brown from $113.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Brown & Brown currently has an average rating of “Hold” and an average price target of $112.08.

About Brown & Brown

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.