Brown & Brown Inc. (NYSE:BRO) EVP Robert W. Lloyd sold 2,971 shares of Brown & Brown stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $37.32, for a total value of $110,877.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Brown & Brown Inc. (NYSE:BRO) opened at 37.87 on Friday. The company has a 50 day moving average price of $37.06 and a 200-day moving average price of $36.02. Brown & Brown Inc. has a 52-week low of $28.41 and a 52-week high of $38.11. The stock has a market capitalization of $5.29 billion, a P/E ratio of 21.16 and a beta of 1.04.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings results on Monday, July 18th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. The company had revenue of $446.50 million for the quarter, compared to the consensus estimate of $439.70 million. Brown & Brown had a return on equity of 11.68% and a net margin of 14.87%. During the same period last year, the firm earned $0.43 EPS. On average, analysts predict that Brown & Brown Inc. will post $1.81 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. Barclays PLC boosted their price target on Brown & Brown from $30.00 to $31.00 and gave the company an “underweight” rating in a report on Tuesday, July 19th. Compass Point boosted their price target on Brown & Brown from $34.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, July 20th. BMO Capital Markets set a $38.00 price target on Brown & Brown and gave the company a “hold” rating in a report on Wednesday, July 20th. Zacks Investment Research raised Brown & Brown from a “sell” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, June 28th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $37.00 price target (up previously from $35.00) on shares of Brown & Brown in a report on Wednesday, July 20th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Brown & Brown currently has an average rating of “Hold” and a consensus target price of $35.00.

A number of large investors have recently made changes to their positions in the company. KAMES CAPITAL plc increased its stake in shares of Brown & Brown by 8.7% in the second quarter. KAMES CAPITAL plc now owns 41,582 shares of the company’s stock valued at $1,558,000 after buying an additional 3,340 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Brown & Brown by 1.1% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 20,064 shares of the company’s stock valued at $752,000 after buying an additional 214 shares in the last quarter. Mason Street Advisors LLC bought a new stake in shares of Brown & Brown during the second quarter valued at $1,986,000. Public Employees Retirement System of Ohio increased its stake in shares of Brown & Brown by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 46,500 shares of the company’s stock valued at $1,742,000 after buying an additional 486 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Brown & Brown by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 356,409 shares of the company’s stock valued at $13,355,000 after buying an additional 16,335 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors.

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

5 Day Chart for NYSE:BRO

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