Brokers Set Expectations for Brown & Brown FY2025 Earnings

Brown & Brown, Inc. (NYSE:BRO - Free Report) - Equities research analysts at William Blair reduced their FY2025 earnings per share estimates for shares of Brown & Brown in a research report issued on Tuesday, April 29th. William Blair analyst A. Klauber now anticipates that the financial services provider will earn $4.17 per share for the year, down from their previous estimate of $4.22. The consensus estimate for Brown & Brown's current full-year earnings is $4.18 per share. William Blair also issued estimates for Brown & Brown's Q4 2025 earnings at $0.88 EPS and FY2026 earnings at $4.59 EPS.

A number of other analysts have also recently issued reports on BRO. UBS Group upped their target price on Brown & Brown from $110.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Edward Jones initiated coverage on Brown & Brown in a report on Wednesday, April 16th. They issued a "buy" rating for the company. Bank of America lifted their target price on shares of Brown & Brown from $116.00 to $117.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Royal Bank of Canada increased their price target on shares of Brown & Brown from $118.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group lifted their price objective on shares of Brown & Brown from $105.00 to $109.00 and gave the company a "hold" rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $116.67.

Brown & Brown Stock Down 0.2 %

Shares of Brown & Brown stock traded down $0.18 during trading hours on Friday, hitting $110.39. The company had a trading volume of 1,497,600 shares, compared to its average volume of 1,464,131. The company's 50-day moving average is $117.74 and its two-hundred day moving average is $110.74. Brown & Brown has a twelve month low of $83.60 and a twelve month high of $125.68. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $31.64 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 2.93 and a beta of 0.75.

Brown & Brown (NYSE:BRO - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.30 by ($0.01). Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the company earned $1.14 earnings per share. The business's revenue for the quarter was up 11.6% compared to the same quarter last year.

Brown & Brown Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.54%. Brown & Brown's dividend payout ratio (DPR) is 16.71%.

Institutional Investors Weigh In On Brown & Brown

A number of hedge funds have recently added to or reduced their stakes in BRO. Phillips Wealth Planners LLC lifted its holdings in shares of Brown & Brown by 3.4% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,659 shares of the financial services provider's stock valued at $316,000 after buying an additional 88 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Brown & Brown by 26.8% in the first quarter. SBI Securities Co. Ltd. now owns 454 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 96 shares during the period. Gateway Investment Advisers LLC boosted its position 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 worth $536,000 after purchasing an additional 97 shares in the last quarter. Journey Strategic Wealth LLC grew its stake in shares of Brown & Brown by 2.3% during the 4th quarter. Journey Strategic Wealth LLC now owns 4,486 shares of the financial services provider's stock worth $458,000 after purchasing an additional 99 shares during the period. Finally, CWA Asset Management Group LLC increased its holdings in shares of Brown & Brown by 3.7% in the 4th quarter. CWA Asset Management Group LLC now owns 2,916 shares of the financial services provider's stock valued at $297,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

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.