Brown & Brown (BRO) Receives Media Impact Rating of 0.18
Media coverage about Brown & Brown (NYSE:BRO) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brown & Brown earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.6364638801768 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Star Sophs Beata Nelson, Zachary Poti, & Erika Brown Dodge the Slump (swimswam.com)
- Moody’s affirms Brown & Brown’s Baa3 senior debt rating, stable outlook (moodys.com)
- In Memory of Elisha Brown (stlamerican.com)
- BPTW 2017: Brown & Brown of New York Inc. (bizjournals.com)
- Brown & Brown, Inc. — Moody’s affirms Brown & Brown’s Baa3 senior debt rating, stable outlook (finance.yahoo.com)
Brown & Brown (BRO) traded up $0.13 during midday trading on Friday, hitting $51.18. 1,150,821 shares of the company’s stock were exchanged, compared to its average volume of 479,694. The stock has a market capitalization of $7,134.70, a PE ratio of 27.37, a P/E/G ratio of 2.73 and a beta of 0.80. Brown & Brown has a fifty-two week low of $41.10 and a fifty-two week high of $52.42. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.35.
Brown & Brown (NYSE:BRO) last posted its quarterly earnings results on Monday, October 16th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. The business had revenue of $475.60 million during the quarter, compared to analysts’ expectations of $475.13 million. Brown & Brown had a net margin of 14.66% and a return on equity of 10.99%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.50 earnings per share. sell-side analysts forecast that Brown & Brown will post 1.87 earnings per share for the current year.
A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 target price on shares of Brown & Brown in a research report on Monday, October 16th. Citigroup cut shares of Brown & Brown from a “neutral” rating to a “sell” rating and set a $47.00 price target for the company. in a report on Wednesday, November 8th. Wells Fargo & Company set a $45.00 price target on shares of Brown & Brown and gave the stock a “hold” rating in a report on Monday, October 16th. Zacks Investment Research raised shares of Brown & Brown from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Wednesday, November 1st. Finally, SunTrust Banks raised shares of Brown & Brown from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $46.13.
In other news, Director Richard Silas sold 50,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $0.83, for a total value of $41,500.00. Also, insider Michael Waldkirch sold 75,000 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $0.75, for a total transaction of $56,250.00. Insiders sold 163,000 shares of company stock worth $126,250 in the last quarter. Company insiders own 16.98% of the company’s stock.
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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 its customers with non-investment insurance contracts, as well as other customized risk management products and services.
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