Brown & Brown, Inc. Announces Quarterly Revenues of $508.7 Million, an Increase of 7.3%, and Diluted Net Income Per Share of $0.26

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Brown & Brown (BRO) PT Lowered to $29 at RBC Capital

January 30, 2019 6:26 AM EST

RBC Capital analyst Mark Dwelle lowered the price target on Brown & Brown (NYSE: BRO) to $29.00 (from $30.00) while maintaining a Sector Perform rating.

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Brown & Brown (BRO) Reports In-Line Q4 EPS, Revenues Beat

January 28, 2019 5:04 PM EST

Brown & Brown (NYSE: BRO) reported Q4 EPS of $0.27, in-line with the analyst estimate of $0.27. Revenue for the quarter came in at $515 million versus the consensus estimate of $496.71 million.

Revenues for the fourth quarter of 2018 under U.S. generally accepted accounting principles (GAAP) were $508.7 million, increasing $34.4 million, or 7.3%, compared to the fourth quarter of the prior year, with commissions and fees increasing by 7.2%. Net income was $73.5... More