Equities research analysts expect Brown & Brown, Inc. (NYSE:BRO) to post $447.06 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Brown & Brown’s earnings. The highest sales estimate is $452.30 million and the lowest is $438.63 million. Brown & Brown reported sales of $433.60 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The company is expected to issue its next quarterly earnings results on Monday, January 22nd.

On average, analysts expect that Brown & Brown will report full-year sales of $447.06 million for the current financial year, with estimates ranging from $1.83 billion to $1.86 billion. For the next year, analysts expect that the firm will report sales of $1.92 billion per share, with estimates ranging from $1.90 billion to $1.96 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Brown & Brown.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings data on Monday, October 16th. The financial services provider reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.04. Brown & Brown had a return on equity of 10.99% and a net margin of 14.66%. The business had revenue of $475.60 million for the quarter, compared to analysts’ expectations of $475.13 million. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis.

Several research firms have weighed in on BRO. BidaskClub raised Brown & Brown from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Barclays upped their price target on Brown & Brown from $39.00 to $43.00 and gave the company an “underweight” rating in a research report on Monday, October 16th. Citigroup cut Brown & Brown from a “neutral” rating to a “sell” rating and set a $47.00 price target on the stock. in a research report on Wednesday, November 8th. Wells Fargo & Company set a $45.00 price target on Brown & Brown and gave the company a “hold” rating in a research report on Monday, October 16th. Finally, Zacks Investment Research raised Brown & Brown from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $46.11.

In other news, insider Michael Waldkirch sold 75,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $0.75, for a total transaction of $56,250.00. Also, Director Richard Silas sold 50,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $0.83, for a total value of $41,500.00. Over the last quarter, insiders have sold 163,000 shares of company stock worth $126,250. 16.98% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc boosted its holdings in Brown & Brown by 9.8% during the 2nd quarter. IFP Advisors Inc now owns 2,823 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 251 shares during the period. Mosaic Family Wealth LLC lifted its holdings in Brown & Brown by 5.9% in the 2nd quarter. Mosaic Family Wealth LLC now owns 4,208 shares of the financial services provider’s stock worth $181,000 after buying an additional 235 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Brown & Brown by 10.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,322 shares of the financial services provider’s stock worth $186,000 after buying an additional 405 shares during the period. Rowland & Co. Investment Counsel ADV lifted its holdings in Brown & Brown by 4.1% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 4,465 shares of the financial services provider’s stock worth $193,000 after buying an additional 175 shares during the period. Finally, Hartford Investment Management Co. purchased a new stake in Brown & Brown in the 2nd quarter worth approximately $211,000. Institutional investors own 71.96% of the company’s stock.

Brown & Brown (NYSE BRO) opened at $50.95 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.97 and a quick ratio of 0.97. Brown & Brown has a 1 year low of $41.10 and a 1 year high of $52.42. The firm has a market capitalization of $7,100.00, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 2.78 and a beta of 0.80.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Friday, October 27th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.18%. This is a positive change from Brown & Brown’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, October 26th. Brown & Brown’s payout ratio is presently 31.75%.

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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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Earnings History and Estimates for Brown & Brown (NYSE:BRO)

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