1 week Ago By Defense World Staff
Brown & Brown (NYSE:BRO – Get Free Report) had its price objective hoisted by equities researchers at Barclays from $119.00 to $121.00 in a research report issued on Friday,Benzinga reports.
The firm presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 1.79% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Wells Fargo & Company upped their price target on shares of Brown & Brown from $115.00 to $125.
00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada boosted their price target on Brown & Brown from $118.00 to $120.
00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Jefferies Financial Group increased their price objective on Brown & Brown from $105.00 to $109.
00 and gave the company a “hold” rating in a report on Friday. UBS Group lifted their price objective on shares of Brown & Brown from $110.00 to $120.
00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $128.00 price objective on shares of Brown & Brown in a report on Tuesday, March 25th.
One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Brown & Brown currently has an average rating of “Hold” and a consensus price target of $115.83.
Read Our Latest Report on BROBrown & Brown Trading Up 1.4 %BRO stock opened at $118.88 on Friday.
The company has a debt-to-equity ratio of 0.56, a current ratio of 1.79 and a quick ratio of 1.
79. The business has a 50 day simple moving average of $116.39 and a two-hundred day simple moving average of $109.
58. Brown & Brown has a 1-year low of $80.33 and a 1-year high of $125.
68. The company has a market capitalization of $33.99 billion, a price-to-earnings ratio of 34.
36, a PEG ratio of 2.93 and a beta of 0.75.
Brown & Brown (NYSE:BRO – Get Free Report) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.
76 by $0.10. Brown & Brown had a return on equity of 17.
81% and a net margin of 20.68%. Research analysts anticipate that Brown & Brown will post 4.
18 EPS for the current fiscal year. Institutional Trading of Brown & BrownSeveral large investors have recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC acquired a new position in Brown & Brown in the fourth quarter valued at about $28,000.
Johnson Financial Group Inc. lifted its holdings in Brown & Brown by 534.1% during the 4th quarter.
Johnson Financial Group Inc. now owns 279 shares of the financial services provider’s stock worth $29,000 after buying an additional 235 shares in the last quarter. Y.
D. More Investments Ltd raised its holdings in Brown & Brown by 122.7% in the fourth quarter.
Y.D. More Investments Ltd now owns 294 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 162 shares in the last quarter.
R Squared Ltd acquired a new position in shares of Brown & Brown during the fourth quarter worth $31,000. Finally, Sunbelt Securities Inc. raised its position in shares of Brown & Brown by 581.
8% during the 4th quarter. Sunbelt Securities Inc. now owns 300 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 256 shares in the last quarter.
Hedge funds and other institutional investors own 71.01% of the company’s stock. Brown & Brown Company Profile (Get Free Report)Brown & Brown, Inc is an insurance agency, wholesale brokerage, insurance program and service organization.
It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail, National Programs, Wholesale Brokerage, and Services.See AlsoFive stocks we like better than Brown & BrownHow to trade using analyst ratingsRobinhood Strategies Could Be a Game-Changer for Young InvestorsOverbought Stocks Explained: Should You Trade Them?Are These 3 Retail Stocks Oversold or Really in Trouble?How to Use the MarketBeat Stock Screener IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
