Brown & Brown Inc. (NYSE:BRO) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $37.52 and last traded at $37.13, with a volume of 574,519 shares trading hands. The stock had previously closed at $37.34.

BRO has been the topic of a number of recent analyst reports. Morgan Stanley restated a “sell” rating and set a $30.00 price target on shares of Brown & Brown in a report on Wednesday, April 20th. Zacks Investment Research upgraded shares of Brown & Brown from a “sell” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Tuesday, June 28th. William Blair upgraded shares of Brown & Brown from an “underperform” rating to a “market perform” rating in a report on Monday, March 21st. BMO Capital Markets boosted their price target on shares of Brown & Brown from $32.00 to $34.00 in a report on Tuesday, April 12th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Brown & Brown in a report on Tuesday, June 28th. They set an “underweight” rating and a $32.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $33.40.

The firm has a market cap of $5.19 billion and a P/E ratio of 21.19. The company has a 50-day moving average of $36.14 and a 200 day moving average of $33.89.

Brown & Brown (NYSE:BRO) last issued its earnings results on Monday, April 18th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. During the same period last year, the business posted $0.39 EPS. The business earned $424.20 million during the quarter, compared to the consensus estimate of $425.86 million. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts forecast that Brown & Brown Inc. will post $1.77 earnings per share for the current year.

In related news, EVP Anthony T. Strianese sold 1,444 shares of Brown & Brown stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $37.02, for a total transaction of $53,456.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Richard Freebourn sold 27,569 shares of Brown & Brown stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $35.69, for a total transaction of $983,937.61. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Brown & Brown by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,922 shares of the company’s stock valued at $1,089,000 after buying an additional 167 shares during the last quarter. Buckhead Capital Management LLC raised its position in Brown & Brown by 0.3% in the fourth quarter. Buckhead Capital Management LLC now owns 88,806 shares of the company’s stock valued at $2,851,000 after buying an additional 275 shares during the last quarter. US Bancorp DE raised its position in Brown & Brown by 3.5% in the fourth quarter. US Bancorp DE now owns 39,001 shares of the company’s stock valued at $1,252,000 after buying an additional 1,321 shares during the last quarter. Foresters Investment Management Company Inc. raised its position in Brown & Brown by 1.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 156,500 shares of the company’s stock valued at $5,024,000 after buying an additional 2,000 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in Brown & Brown by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 150,342 shares of the company’s stock valued at $4,826,000 after buying an additional 2,059 shares during the last quarter.

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 customers with non-investment insurance contracts, as well as other targeted, customized risk management products and services.

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