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Equities researchers at Barclays raised their price objective on shares of Brown & Brown (NYSE:BRO) from $32.00 to $33.00 in a research report issued on Monday. The firm currently has an “overweight” rating on the stock. Barclays’ price objective suggests a potential upside of 8.27% from the company’s current price.

Brown & Brown (NYSE:BRO) traded up 0.16% on Monday, hitting $30.53. The stock had a trading volume of 32,923 shares. Brown & Brown has a 52 week low of $27.76 and a 52 week high of $35.13. The stock has a 50-day moving average of $30.26 and a 200-day moving average of $30.38. The company has a market cap of $4.426 billion and a price-to-earnings ratio of 21.31.

Brown & Brown (NYSE:BRO) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.02. Analysts expect that Brown & Brown will post $1.63 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Brown & Brown in a research note on Thursday, May 29th. They now have a $36.00 price target on the stock. Separately, analysts at Macquarie cut their price target on shares of Brown & Brown from $32.00 to $1.00 in a research note on Thursday, May 22nd. Finally, analysts at Compass Point downgraded shares of Brown & Brown from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 23rd. They now have a $33.00 price target on the stock, down previously from $36.00. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Brown & Brown presently has a consensus rating of “Hold” and a consensus target price of $31.66.

In other Brown & Brown news, SVP Kenneth R. Masters sold 21,883 shares of Brown & Brown stock on the open market in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $30.50, for a total transaction of $667,431.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Brown & Brown, Inc (NYSE:BRO) is a diversified insurance agency providing wholesale brokerage and insurance programs and services.

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