Brown & Brown (NYSE:BRO) released its quarterly earnings results on Monday. The financial services provider reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.04, RTT News reports. Brown & Brown had a return on equity of 11.75% and a net margin of 22.25%. The business had revenue of $530.90 million during the quarter, compared to analysts’ expectations of $508.82 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year.
Brown & Brown stock opened at $29.13 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 2.37 and a beta of 0.70. Brown & Brown has a fifty-two week low of $24.28 and a fifty-two week high of $31.55.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 7th. Shareholders of record on Friday, October 26th will be issued a $0.08 dividend. This is a positive change from Brown & Brown’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, October 25th. This represents a $0.32 annualized dividend and a yield of 1.10%. Brown & Brown’s dividend payout ratio is 31.25%.
About Brown & Brown
Brown & Brown, Inc markets and sells insurance products in the United States, England, Canada, Bermuda, and the Cayman Islands. Its Retail segment offers 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 relating to legal liabilities, professional liability, cyber-liability, workers' compensation, and commercial and private passenger automobile coverages; fidelity and surety bonds; and life, accident, disability, health, hospitalization, medical, dental, and other ancillary insurance products, as well as risk management, loss control surveys and analysis, consultation, and claims processing services.
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