Brown & Brown (NYSE:BRO – Get Free Report) released its earnings results on Monday. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.07, Briefing.com reports. Brown & Brown had a return on equity of 15.46% and a net margin of 20.44%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business posted $0.84 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis.
Brown & Brown Stock Up 0.4 %
Shares of BRO stock opened at $82.51 on Tuesday. Brown & Brown has a 12 month low of $60.00 and a 12 month high of $87.99. The firm has a market cap of $23.54 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.47 and a beta of 0.78. The stock has a 50 day moving average of $84.23 and a 200-day moving average of $76.82. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.58.
Insider Transactions at Brown & Brown
In other news, Chairman Hyatt J. Brown sold 144,323 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $85.96, for a total transaction of $12,406,005.08. Following the completion of the transaction, the chairman now directly owns 37,460,605 shares in the company, valued at $3,220,113,605.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 16.43% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Report on Brown & Brown
About Brown & Brown
Brown & Brown, Inc markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services.
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