Zacks Research Expects Reduced Earnings for Brown & Brown

Brown & Brown, Inc. (NYSE:BRO - Free Report) - Zacks Research cut their Q1 2027 earnings per share estimates for Brown & Brown in a report issued on Monday, July 14th. Zacks Research analyst T. De now expects that the financial services provider will post earnings of $1.28 per share for the quarter, down from their prior forecast of $1.31. The consensus estimate for Brown & Brown's current full-year earnings is $4.18 per share. Zacks Research also issued estimates for Brown & Brown's Q2 2027 earnings at $1.18 EPS and FY2027 earnings at $4.83 EPS.

Brown & Brown (NYSE:BRO - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.01). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.41 billion. Brown & Brown had a net margin of 20.84% and a return on equity of 17.77%. Brown & Brown's revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company reissued an "overweight" rating and issued a $127.00 price objective (up from $125.00) on shares of Brown & Brown in a research note on Thursday, June 12th. Truist Financial cut their price target on shares of Brown & Brown from $138.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Jefferies Financial Group upped their target price on Brown & Brown from $105.00 to $109.00 and gave the company a "hold" rating in a report on Friday, April 11th. BMO Capital Markets reiterated an "outperform" rating and set a $122.00 price target (up from $116.00) on shares of Brown & Brown in a report on Thursday, June 12th. Finally, The Goldman Sachs Group lowered shares of Brown & Brown from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $126.00 to $119.00 in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $118.23.

Brown & Brown Stock Performance

Shares of NYSE:BRO traded down $0.43 on Wednesday, reaching $104.55. 1,950,870 shares of the company's stock were exchanged, compared to its average volume of 1,909,935. The company has a market capitalization of $29.97 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.33 and a beta of 0.82. Brown & Brown has a twelve month low of $92.29 and a twelve month high of $125.68. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average of $109.34 and a 200-day moving average of $111.39.

Brown & Brown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Monday, May 12th. Brown & Brown's dividend payout ratio (DPR) is presently 16.71%.

Institutional Investors Weigh In On Brown & Brown

A number of institutional investors have recently modified their holdings of BRO. Phillips Wealth Planners LLC increased its position in Brown & Brown by 3.4% during the first quarter. Phillips Wealth Planners LLC now owns 2,659 shares of the financial services provider's stock valued at $316,000 after acquiring an additional 88 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Brown & Brown by 26.8% in the first quarter. SBI Securities Co. Ltd. now owns 454 shares of the financial services provider's stock worth $56,000 after buying an additional 96 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings in shares of Brown & Brown by 2.3% during the 1st quarter. Gateway Investment Advisers LLC now owns 4,312 shares of the financial services provider's stock valued at $536,000 after purchasing an additional 97 shares during the last quarter. Graypoint LLC boosted its stake in Brown & Brown by 3.3% during the first quarter. Graypoint LLC now owns 3,208 shares of the financial services provider's stock valued at $399,000 after buying an additional 103 shares during the last quarter. Finally, NorthRock Partners LLC increased its stake in Brown & Brown by 4.2% in the 1st quarter. NorthRock Partners LLC now owns 2,530 shares of the financial services provider's stock worth $315,000 after acquiring an additional 103 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

About Brown & Brown

Brown & Brown, Inc is an insurance agency, wholesale brokerage, insurance program 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.