Analysts See $0.57 EPS for Brown & Brown, Inc. (BRO)

March 19, 2018 - By Vivian Currie

 Analysts See $0.57 EPS for Brown & Brown, Inc. (BRO)
Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.13, from 1.29 in 2017Q2. It is negative, as 20 investors sold Brown & Brown, Inc. shares while 79 reduced holdings. 32 funds opened positions while 83 raised stakes. 99.49 million shares or 0.74% less from 100.23 million shares in 2017Q2 were reported.
Proshare Advisors Limited Liability holds 0.1% or 234,894 shares in its portfolio. M&T National Bank & Trust holds 0% or 8,970 shares. Ironwood Counsel Limited Liability Corporation holds 1.16% or 49,418 shares. Fenimore Asset Mgmt Inc holds 1.44M shares or 2.79% of its portfolio. Texas Permanent School Fund has 84,717 shares for 0.05% of their portfolio. Fdx Inc has invested 0.06% in Brown & Brown, Inc. (NYSE:BRO). Schwab Charles Mgmt Incorporated holds 500,823 shares. Nationwide Fund Advsrs reported 0.04% in Brown & Brown, Inc. (NYSE:BRO). 8 are owned by Qs Invsts Limited Liability Corp. Invesco Limited invested in 1.06M shares. Bluemountain Cap Limited Liability accumulated 0.05% or 54,711 shares. Buckhead Capital Mngmt Ltd Liability Com reported 53,935 shares. Los Angeles Cap And Equity Rech invested in 0.01% or 37,350 shares. Cibc Asset Management Inc has 6,935 shares for 0% of their portfolio. Natixis invested in 76,095 shares or 0.03% of the stock.

Since March 13, 2018, it had 0 insider buys, and 1 sale for $7.40 million activity.

Analysts expect Brown & Brown, Inc. (NYSE:BRO) to report $0.57 EPS on April, 16.They anticipate $0.14 EPS change or 32.56 % from last quarter’s $0.43 EPS. BRO’s profit would be $78.55M giving it 23.03 P/E if the $0.57 EPS is correct. After having $0.47 EPS previously, Brown & Brown, Inc.’s analysts see 21.28 % EPS growth. The stock decreased 0.45% or $0.24 during the last trading session, reaching $52.51. About 164,906 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 19.69% since March 19, 2017 and is uptrending. It has outperformed by 2.99% the S&P500.

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

Among 14 analysts covering Brown & Brown (NYSE:BRO), 2 have Buy rating, 3 Sell and 9 Hold. Therefore 14% are positive. Brown & Brown had 48 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating given on Wednesday, January 27 by RBC Capital Markets. On Monday, March 21 the stock rating was upgraded by William Blair to “Market Perform”. The rating was maintained by Barclays Capital on Monday, October 16 with “Underweight”. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, October 14. The stock of Brown & Brown, Inc. (NYSE:BRO) earned “Neutral” rating by Citigroup on Tuesday, February 16. Wells Fargo maintained the stock with “Hold” rating in Monday, July 17 report. On Thursday, January 7 the stock rating was downgraded by Suntrust Robinson to “Neutral”. BMO Capital Markets upgraded the shares of BRO in report on Monday, December 12 to “Market Perform” rating. The firm earned “Neutral” rating on Wednesday, January 27 by Compass Point. RBC Capital Markets maintained it with “Hold” rating and $4400 target in Monday, July 17 report.

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 $7.24 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 18.69 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.

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