Brown & Brown (BRO) Earns News Sentiment Score of 0.13
News headlines about Brown & Brown (NYSE:BRO) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brown & Brown earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.359165980604 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
- Brown & Brown : Irma doesn’t change Brown & Brown building plans in downtown Daytona Beach (4-traders.com)
- Pre-Market Technical Recap on Consumer Goods Stocks — Dr Pepper Snapple, Coca-Cola, Brown-Forman, and Castle Brands (kswo.com)
- Global Brown Sugar Market to hit US$26.5 Billion by 2022 – TMR (itbusinessnet.com)
- Harvey evacuees moving out of George R. Brown; FEMA opening another Disaster Recovery Center (bizjournals.com)
- Adriane Brown and Diana Farrell appointed to eBay board (fashionunited.com)
Brown & Brown (NYSE:BRO) opened at 47.66 on Tuesday. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 25.49 and a beta of 0.77. Brown & Brown has a 52-week low of $36.05 and a 52-week high of $48.32. The stock has a 50 day moving average of $44.90 and a 200-day moving average of $43.49.
Brown & Brown (NYSE:BRO) last announced its quarterly earnings data on Monday, July 17th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $466.30 million during the quarter, compared to the consensus estimate of $465.48 million. Brown & Brown had a return on equity of 11.10% and a net margin of 14.52%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. On average, equities research analysts anticipate that Brown & Brown will post $1.85 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on BRO shares. Zacks Investment Research lowered shares of Brown & Brown from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. BidaskClub lowered shares of Brown & Brown from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Wells Fargo & Company reiterated a “hold” rating on shares of Brown & Brown in a research report on Tuesday, August 15th. Citigroup Inc. increased their target price on shares of Brown & Brown from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $43.00 target price on shares of Brown & Brown in a research report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $43.43.
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In related news, EVP Anthony T. Strianese sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $44.59, for a total transaction of $445,900.00. The sale 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.
About Brown & Brown
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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