Brown & Brown, Inc. (NYSE:BRO)‘s stock had its “hold” rating reissued by research analysts at Keefe, Bruyette & Woods in a research note issued on Monday. They currently have a $45.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential downside of 8.11% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Barclays PLC lifted their target price on Brown & Brown from $39.00 to $43.00 and gave the company an “underweight” rating in a research report on Monday. BidaskClub raised Brown & Brown from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Wells Fargo & Company reissued a “hold” rating on shares of Brown & Brown in a research report on Tuesday, August 15th. Zacks Investment Research lowered Brown & Brown from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Citigroup Inc. lifted their target price on Brown & Brown from $45.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Brown & Brown has an average rating of “Hold” and an average price target of $44.29.

Shares of Brown & Brown (NYSE:BRO) traded down 0.85% during midday trading on Monday, hitting $48.97. The company had a trading volume of 740,129 shares. Brown & Brown has a 12-month low of $36.05 and a 12-month high of $49.62. The firm has a market capitalization of $6.85 billion, a P/E ratio of 26.19 and a beta of 0.79. The firm’s 50-day moving average is $47.33 and its 200-day moving average is $44.20.

Brown & Brown (NYSE:BRO) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. Brown & Brown had a return on equity of 11.10% and a net margin of 14.52%. The business had revenue of $475.60 million for the quarter, compared to analyst estimates of $475.13 million. During the same quarter last year, the firm earned $0.50 EPS. Brown & Brown’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts predict that Brown & Brown will post $1.85 earnings per share for the current fiscal year.

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In other Brown & Brown news, EVP Anthony T. Strianese sold 18,870 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $44.49, for a total transaction of $839,526.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 16.98% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. IFP Advisors Inc increased its position in shares of Brown & Brown by 9.8% during the 2nd quarter. IFP Advisors Inc now owns 2,823 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 251 shares during the last quarter. Mosaic Family Wealth LLC increased its position in shares of Brown & Brown by 5.9% during the 2nd quarter. Mosaic Family Wealth LLC now owns 4,208 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 235 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Brown & Brown by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,322 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 405 shares during the last quarter. Rowland & Co. Investment Counsel ADV increased its position in shares of Brown & Brown by 4.1% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 4,465 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 175 shares during the last quarter. Finally, Hartford Investment Management Co. acquired a new position in shares of Brown & Brown during the 2nd quarter worth approximately $211,000. 72.18% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Brown & Brown (NYSE:BRO)

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