Brown & Brown day trading at USD 39.31 per share, then rallying to 39.44 and closing at USD 39.04 per share. A net loss of -0.68% for the day. Long term pricing analysis shows the stock trading at 18.99% lower than it’s 52week high and -26.67% higher than the 52week low. The share volume traded for the day was 1,040K which was 0 times the 50 Day Average Volume.
Brown & Brown had a market cap of 11,064,079K as of 26th May 2020. The Earnings Per Share (EPS) for Q4 2019 is $ 1.55.
Brown & Brown is a provider of insurance and reinsurance products and services to general business, corporate, governmental and quasi-governmental, institutional, professional, trade association, and individual clients. Its headquarters are in Daytona Beach, Florida.
Brown & Brown First Quarter Of Fiscal 2020.
- Revenues for the first quarter of 2020 under the U.S. generally accepted accounting principles (“GAAP”) were $698.5 million, increasing $79.2 million, or 12.8%, compared to the first quarter of the prior year, with commissions and fees increasing by 12.8% and Organic Revenue(1) increasing by 5.6%.
- Net income was $152.4 million, increasing $38.5 million, or 33.8%, and diluted net income per share increased to $0.54, or 35.0%, each as compared to the first quarter of the prior year.
- Diluted Net Income Per Share – Adjusted(2) increased to $0.51, or 24.4%, compared to the first quarter of the prior year.
Brown & Brown (26th May 2020): The Institutional Ownership as of today stood at 73.23% and the Total Value of Holdings (millions) is $ 7,973.
New Institutional Holders and other activity – As of today, the total number of shares held is 207,533,406 by 452 institutional holders.
28-April-2020:- Brown & Brown Reports Q1 Revenue Up; Takes Steps to Anticipate Coronavirus Impact
Revenues increased by 12.8%, or $79.2 million, in the first quarter to reach $698.5 million compared to the first quarter of last year. Commissions and fees increased by 12.8% and organic revenue by 5.6%. The company said it lowered its estimates for the revenues it expects to earn from existing employee benefits and workers’ compensation policies, resulting in a reduction to revenue of $10.5 million and a corresponding $5.8 million reduction to income before income taxes in the first quarter of 2020.