Morgan Stanley (NYSE:MS) analyst Michael Phillips CFA maintained a Hold rating on Brown & Brown (NYSE:BRO) on Monday, setting a price target of $43, which is approximately 16.22% above the present share price of $37.
Phillips CFA expects Brown & Brown to post earnings per share (EPS) of $0.54 for the second quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Brown & Brown, with an average price target of $40.43.
The analysts price targets range from a high of $46 to a low of $38.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $696.5 million and a net profit of $208.17 million. The company's market cap is $10.49 billion.
According to TipRanks.com, Morgan Stanley analyst Michael Phillips CFA is a 1-star analyst with an average return of -11.8% and a 16.7% success rate.
Brown & Brown, Inc. is an insurance agency, wholesale brokerage, insurance programs and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail; National Programs; Wholesale Brokerage; and Services. The Retail Segment receives fees in lieu of commissions. The National Programs segment acts as a managing general agent and provides professional liability and related package products for certain professionals, a range of insurance products for individuals, flood coverage, and targeted products and services designated for specific industries, trade groups, governmental entities and market niches. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance, primarily through independent agents and brokers, as well as company's retail agents. The Services segment provides insurance-related services, including third-party claims administration and comprehensive medical utilization management services in both the workers' compensation and all-lines liability arenas, as well as medicare Set-aside services, social security disability and medicare benefits advocacy services and claims adjusting services. The company was founded by J. Adrian Brown and Charles Covington Owen in 1939 and is headquartered in Daytona Beach, FL.