Brown & Brown (NYSE:BRO) was upgraded by equities research analysts at SunTrust Banks from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports.

Several other equities research analysts have also recently weighed in on BRO. BidaskClub cut Brown & Brown from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Wells Fargo & Company restated a “hold” rating on shares of Brown & Brown in a research note on Tuesday, August 15th. Keefe, Bruyette & Woods restated a “hold” rating and set a $43.00 target price on shares of Brown & Brown in a research note on Friday, August 18th. Barclays upped their target price on Brown & Brown from $39.00 to $43.00 and gave the stock an “underweight” rating in a research note on Monday, October 16th. Finally, Morgan Stanley upped their target price on Brown & Brown from $40.00 to $43.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Brown & Brown currently has an average rating of “Hold” and a consensus target price of $46.11.

Brown & Brown (BRO) traded up $0.72 during midday trading on Wednesday, reaching $51.67. The company’s stock had a trading volume of 634,083 shares, compared to its average volume of 585,134. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.35. Brown & Brown has a 12-month low of $41.10 and a 12-month high of $52.42. The company has a market capitalization of $7,183.47, a PE ratio of 27.56, a PEG ratio of 2.77 and a beta of 0.80.

Brown & Brown (NYSE:BRO) last released its earnings results on Monday, October 16th. The financial services provider reported $0.53 earnings per share for the quarter, topping the 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 firm had revenue of $475.60 million during the quarter, compared to analysts’ expectations of $475.13 million. During the same period in the prior year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. equities research analysts expect that Brown & Brown will post 1.86 earnings per share for the current year.

In other news, Director Richard Silas sold 50,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $0.83, for a total transaction of $41,500.00. Also, insider Michael Waldkirch sold 75,000 shares of the company’s 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 have sold 163,000 shares of company stock valued at $126,250 over the last quarter. Company insiders own 16.98% of the company’s stock.

Several large investors have recently made changes to their positions in BRO. IFP Advisors Inc increased its holdings in Brown & Brown by 9.8% in the second quarter. IFP Advisors Inc now owns 2,823 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 251 shares during the period. Mosaic Family Wealth LLC increased its holdings in Brown & Brown by 5.9% in the second quarter. Mosaic Family Wealth LLC now owns 4,208 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 235 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Brown & Brown by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,322 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 405 shares during the period. Rowland & Co. Investment Counsel ADV increased its holdings in Brown & Brown by 4.1% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 4,465 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 175 shares during the period. Finally, Parametrica Management Ltd acquired a new stake in Brown & Brown in the third quarter valued at $218,000. Institutional investors own 71.96% 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.

Analyst Recommendations for Brown & Brown (NYSE:BRO)

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