Brown & Brown Inc. (NYSE:BRO) saw strong trading volume on Wednesday . 645,735 shares were traded during trading, a decline of 21% from the previous session’s volume of 815,630 shares.The stock last traded at $36.68 and had previously closed at $36.90.

A number of equities analysts have weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $37.00 price target (up from $34.00) on shares of Brown & Brown in a research report on Tuesday. Zacks Investment Research lowered shares of Brown & Brown from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Deutsche Bank AG reiterated a “buy” rating on shares of Brown & Brown in a research report on Sunday, April 17th. William Blair upgraded shares of Brown & Brown from an “underperform” rating to a “market perform” rating in a research report on Monday, March 21st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Brown & Brown in a research report on Tuesday, June 28th. They issued an “underweight” rating and a $32.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Brown & Brown has a consensus rating of “Hold” and an average target price of $33.70.

The firm has a market cap of $5.11 billion and a P/E ratio of 20.87. The stock’s 50 day moving average price is $36.27 and its 200-day moving average price is $33.99.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings results on Monday, April 18th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $424.20 million for the quarter, compared to analysts’ expectations of $425.86 million. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. On average, analysts forecast that Brown & Brown Inc. will post $1.77 EPS for the current year.

In other news, EVP Anthony T. Strianese sold 2,700 shares of Brown & Brown stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $35.64, for a total transaction of $96,228.00. Following the completion of the transaction, the executive vice president now directly owns 30,435 shares of the company’s stock, valued at approximately $1,084,703.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here.

Several institutional investors have recently bought and sold shares of BRO. 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 period. 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 period. ProShare Advisors LLC raised its position in Brown & Brown by 16.5% in the fourth quarter. ProShare Advisors LLC now owns 41,385 shares of the company’s stock valued at $1,328,000 after buying an additional 5,876 shares during the period. SECOR Capital Advisors LP purchased a new position in Brown & Brown during the fourth quarter valued at $1,470,000. Finally, Suntrust Banks Inc. raised its position in Brown & Brown by 127.7% in the fourth quarter. Suntrust Banks Inc. now owns 73,317 shares of the company’s stock valued at $2,352,000 after buying an additional 41,111 shares during the period.

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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