Impact of Brokerage Rating on Brown & Brown, Inc.(BRO)

Many Brown & Brown, Inc.(BRO) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Brown & Brown was Upgraded by JP Morgan to Neutral on Dec 16, 2016.

Company has reported several Insider transactions to the SEC, on Dec 2, 2016, Jerome Scott Penny (EVP,Chief Acquisitions Officer) sold 10,000 shares at 43.56 per share price.On Nov 23, 2016, Richard Freebourn (EVP and People Officer) sold 25,000 shares at 42.90 per share price.On Sep 21, 2016, Robert W Lloyd (EVP, Secy, General Counsel) sold 2,971 shares at 37.31 per share price.

Brown & Brown Last issued its quarterly earnings results on Jan 23, 2017. The company reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.41. The company had revenue of $433.60 million for the quarter, compared to analysts expectations of $430.82 million. The companys revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Brown & Brown, Inc. (NYSE:BRO) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 3.03 by 11 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 7 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.

Brown & Brown, Inc. (NYSE:BRO) stock has received a short term price target of $ 41.22 from 9 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $4.71. The higher estimate of target price is $47 , while the lower price target estimate is $33

Brown & Brown, Inc. (NYSE:BRO) witnessed a decline in the market cap on Tuesday as its shares dropped 0.09% or 0.04 points. After the session commenced at $42.95, the stock reached the higher end at $43.28 while it hit a low of $42.73. With the volume soaring to 618,666 shares, the last trade was called at $43.1. The company has a 52-week high of $45.77. The company has a market cap of $6,038 million and there are 140,104,000 shares in outstanding. The 52-week low of the share price is $31.33.

Brown & Brown, Inc. and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, third party administration, managed health care, and Medicare set-aside services and programs. Providing service to business, public entity, individual, trade and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the United States sixth largest independent insurance intermediary.

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