$0.34 EPS Expected for Brown & Brown, Inc. (BRO)

September 16, 2018 - By Julie Barnes

Brown & Brown, Inc. (NYSE:BRO) LogoInvestors sentiment decreased to 1.25 in 2018 Q2. Its down 6.10, from 7.35 in 2018Q1. It is negative, as 30 investors sold Brown & Brown, Inc. shares while 78 reduced holdings. 37 funds opened positions while 98 raised stakes. 195.64 million shares or 49.09% less from 384.28 million shares in 2018Q1 were reported.
Profund Ltd Llc invested in 0.03% or 28,160 shares. Carroll Associate Inc stated it has 198 shares or 0% of all its holdings. Gemmer Asset Mgmt Ltd Liability Corp invested in 0.01% or 954 shares. Advisory Service Ntwk Ltd reported 0.09% stake. New York State Common Retirement Fund has invested 0.04% in Brown & Brown, Inc. (NYSE:BRO). Southeast Asset reported 0.21% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). Manufacturers Life Ins Co The has invested 0.01% in Brown & Brown, Inc. (NYSE:BRO). Legal And General Gru Plc reported 1.02M shares. Hartford Investment Management reported 19,027 shares stake. State Of Wisconsin Invest Board, Wisconsin-based fund reported 44,951 shares. Ameritas Investment reported 0.09% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). Richard Bernstein Advsr Lc accumulated 78,854 shares. Synovus Fin Corp reported 0.01% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). Thompson Siegel And Walmsley Limited invested in 58 shares or 0% of the stock. Victory Cap reported 0.34% in Brown & Brown, Inc. (NYSE:BRO).

Analysts expect Brown & Brown, Inc. (NYSE:BRO) to report $0.34 EPS on October, 15.They anticipate $0.08 EPS change or 30.77 % from last quarter’s $0.26 EPS. BRO’s profit would be $94.95 million giving it 22.85 P/E if the $0.34 EPS is correct. After having $0.26 EPS previously, Brown & Brown, Inc.’s analysts see 30.77 % EPS growth. The stock decreased 0.86% or $0.27 during the last trading session, reaching $31.07. About 1.64M shares traded or 80.51% up from the average. Brown & Brown, Inc. (NYSE:BRO) has risen 33.21% since September 16, 2017 and is uptrending. It has outperformed by 17.59% the S&P500.

Brown & Brown, Inc. (NYSE:BRO) Ratings Coverage

Among 9 analysts covering Brown \u0026 Brown (NYSE:BRO), 2 have Buy rating, 3 Sell and 4 Hold. Therefore 22% are positive. Brown \u0026 Brown had 13 analyst reports since March 28, 2018 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Underweight” on Tuesday, August 14. Citigroup maintained Brown & Brown, Inc. (NYSE:BRO) rating on Thursday, July 12. Citigroup has “Sell” rating and $26 target. The rating was maintained by Citigroup on Tuesday, May 8 with “Sell”. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, April 24 report. Morgan Stanley maintained it with “Underweight” rating and $25 target in Tuesday, April 3 report. The firm has “Outperform” rating given on Thursday, April 26 by Raymond James. On Tuesday, April 24 the stock rating was maintained by SunTrust with “Buy”. Morgan Stanley maintained the stock with “Underweight” rating in Tuesday, May 29 report. As per Thursday, March 29, the company rating was maintained by Deutsche Bank. Morgan Stanley maintained Brown & Brown, Inc. (NYSE:BRO) rating on Wednesday, March 28. Morgan Stanley has “Underweight” rating and $25 target.

Brown & Brown, Inc. markets and sells insurance services and products primarily in the United States, as well as in England, Bermuda, and the Cayman Islands. The company has market cap of $8.68 billion. The Company’s Retail segment provides property insurance relating to physical damage to property and resultant interruption of business, or extra expense caused by fire, windstorm, or other perils; casualty insurance; fidelity and surety bonds; and life, accident, disability, health, hospitalization, medical, dental, and other ancillary insurance products, as well as risk management and loss control surveys and analysis, consultation, and claims processing services. It has a 20.62 P/E ratio. The companyÂ’s National Programs segment offers professional liability and related package insurance products for professional groups comprising dentists, oral surgeons, hygienists, lawyers, certified public accountants, optometrists, opticians, ophthalmologists, insurance agents, financial advisors, registered representatives, securities broker-dealers, benefit administrators, real estate brokers, real estate title agents, and escrow agents, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities.

Another recent and important Brown & Brown, Inc. (NYSE:BRO) news was published by Seekingalpha.com which published an article titled: “Brown & Brown acquires Finance & Insurance Resources” on September 05, 2018.

Brown & Brown, Inc. (NYSE:BRO) Institutional Positions Chart

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