Brown & Brown Inc. Plans Quarterly Dividend of $0.10 (BRO)
Brown & Brown (NYSE:BRO) declared a quarterly dividend on Wednesday, January 22nd, AR Network reports. Shareholders of record on Wednesday, February 5th will be given a dividend of 0.10 per share on Wednesday, February 19th. This represents a $0.40 dividend on an annualized basis and a yield of 1.23%.
A number of analysts have recently weighed in on BRO shares. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Brown & Brown in a research note to investors on Friday, January 17th. On the ratings front, analysts at Barclays upgraded shares of Brown & Brown from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, January 7th. They now have a $36.00 price target on the stock, up previously from $34.00. Finally, analysts at William Blair downgraded shares of Brown & Brown from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. Brown & Brown presently has an average rating of “Hold” and a consensus price target of $36.54.
Brown & Brown (NYSE:BRO) traded up 0.61% during mid-day trading on Wednesday, hitting $32.76. The stock had a trading volume of 1,199,739 shares. Brown & Brown has a 1-year low of $26.99 and a 1-year high of $35.13. The stock has a 50-day moving average of $31.01 and a 200-day moving average of $32.11. The company has a market cap of $4.764 billion and a price-to-earnings ratio of 22.46.
Brown & Brown, Inc is a diversified insurance agency, wholesale brokerage, insurance programs and service company.
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