Brown & Brown, Inc. (NYSE:BRO) to Release Quarterly Earnings on Monday

Pzena Investment Management LLC bought a new stake in shares of Brown & Brown during the first quarter worth $206,000. (NYSE:BRO) has risen 19.69% since July 14, 2016 and is uptrending. Bank of New York Mellon Corp now owns 1,313,728 shares of the financial services provider's stock worth $54,810,000 after buying an additional 56,326 shares during the last quarter. Fenimore Asset Management Inc. owned 1.03% of Brown & Brown worth $62,183,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Janus Capital Management LLC increased its stake in shares of Brown & Brown by 214.4% in the first quarter. Mosaic Family Wealth LLC now owns 3,973 shares of the financial services provider's stock worth $166,000 after buying an additional 115 shares during the period. Norges Bank purchased a new position in shares of Brown & Brown during the fourth quarter valued at about $55,514,000. Moreover, First Quadrant Ltd Partnership Ca has 0.02% invested in Brown & Brown, Inc. Morgan Stanley now owns 428,750 shares of the financial services provider's stock valued at $17,887,000 after buying an additional 217,132 shares in the last quarter. Amalgamated Bank now owns 18,441 shares of the financial services provider's stock worth $769,000 after buying an additional 256 shares during the last quarter. Institutional investors and hedge funds own 72.53% of the company's stock.

COPYRIGHT VIOLATION WARNING: "Brown & Brown, Inc". (NYSE BRO) traded up 0.23% during trading on Thursday, reaching $43.18. The stock had a trading volume of 264,592 shares. The company's 50-day moving average price is $43.19 and its 200-day moving average price is $43.24. Brown & Brown has a 1-year low of $35.81 and a 1-year high of $45.77. The firm has a market cap of $6.06 billion, a PE ratio of 23.09 and a beta of 0.77.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings results on Monday, April 17th. The financial services provider reported $0.43 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.42 by $0.01. Brown & Brown had a net margin of 14.68% and a return on equity of 11.29%. The firm had revenue of $465.10 million during the quarter, compared to analysts' expectations of $443.76 million. During the same period past year, the business earned $0.44 earnings per share. Equities research analysts forecast that Brown & Brown will post $1.84 earnings per share for the current year. Patten & Patten Tn has invested 0.06% in Brown & Brown, Inc. If you are accessing this piece on another site, it was copied illegally and republished in violation of USA and worldwide copyright and trademark laws. The legal version of this story can be read at https://www.chaffeybreeze.com/2017/07/14/brown-brown-inc-nysebro-to-issue-quarterly-dividend-of-0-14.html. Prospector Partners Llc acquired 98,400 shares as Brown & Brown Inc (BRO)'s stock declined 4.10%. Zacks upgraded the stock to "Hold" rating in Monday, September 7 report. Royal Bank Of Canada restated a "hold" rating on shares of Brown & Brown in a report on Monday, May 8th. Finally, Citigroup Inc. cut their price objective on Brown & Brown from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Friday, April 7th. Finally, Wells Fargo & Co reiterated a "hold" rating on shares of Brown & Brown in a research note on Tuesday, April 18th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company's stock. Citigroup Inc.'s target price would suggest a potential upside of 6.78% from the stock's previous close.

In other Brown & Brown news, EVP Anthony T. Strianese sold 24,562 shares of Brown & Brown stock in a transaction dated Friday, April 21st. The Mackenzie Financial Corp holds 1.04M shares with $46.82 million value, up from 1.03M last quarter. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.98% of the company's stock.

Brown & Brown, Inc.is a diversified insurance agency, wholesale brokerage, insurance programs and service company. The Firm markets and sells insurance services and products, in the property, casualty and employee benefits areas. It provides its customers with non-investment insurance contracts, as well as other targeted, customized risk management products and services.

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