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NYSE:BRO

Brown & Brown (BRO) Stock Price, News & Analysis

$89.86
+0.03 (+0.03%)
(As of 05/20/2024 ET)
Today's Range
$89.34
$89.91
50-Day Range
$80.62
$89.86
52-Week Range
$61.71
$89.98
Volume
1.03 million shs
Average Volume
1.31 million shs
Market Capitalization
$25.63 billion
P/E Ratio
27.65
Dividend Yield
0.58%
Price Target
$87.30

Brown & Brown MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
2.8% Downside
$87.30 Price Target
Short Interest
Healthy
1.22% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.19mentions of Brown & Brown in the last 14 days
Based on 75 Articles This Week
Insider Trading
Selling Shares
$12.41 M Sold Last Quarter
Proj. Earnings Growth
8.03%
From $3.61 to $3.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.72 out of 5 stars

Finance Sector

85th out of 852 stocks

Insurance Agents, Brokers, & Service Industry

3rd out of 17 stocks

BRO stock logo

About Brown & Brown Stock (NYSE:BRO)

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services. It serves commercial, public and quasi-public entities, professional, and individual customers. The National Programs segment offers professional liability and related package insurance products for dentistry, legal, eyecare, insurance, financial, physicians, real estate title professionals, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also provides public entity-related and specialty programs through a network of independent agents; and program management services for insurance carrier partners. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance through independent agents and brokers. The Services segment offers third-party claims administration and medical utilization management services in the workers' compensation and all-lines liability arenas, Medicare Set-aside, Social Security disability, Medicare benefits advocacy, and claims adjusting services. Brown & Brown, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.

BRO Stock Price History

BRO Stock News Headlines

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Company Calendar

Last Earnings
4/23/2024
Ex-Dividend for 5/15 Dividend
5/03/2024
Dividend Payable
5/15/2024
Today
5/20/2024
Next Earnings (Estimated)
7/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Insurance agents, brokers, & service
Sub-Industry
Insurance Brokers
CUSIP
11523610
Employees
9,705
Year Founded
1939

Price Target and Rating

Average Stock Price Target
$87.30
High Stock Price Target
$95.00
Low Stock Price Target
$78.00
Potential Upside/Downside
-2.8%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$870.50 million
Pretax Margin
27.64%

Debt

Sales & Book Value

Annual Sales
$4.26 billion
Cash Flow
$3.07 per share
Book Value
$19.60 per share

Miscellaneous

Free Float
238,383,000
Market Cap
$25.63 billion
Optionable
Optionable
Beta
0.79

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Key Executives

  • Mr. J. Powell Brown C.P.C.U. (Age 56)
    CEO, President & Director
    Comp: $6.84M
  • Mr. R. Andrew Watts (Age 55)
    Executive VP, CFO & Treasurer
    Comp: $2.29M
  • Mr. J. Scott Penny C.I.C. (Age 57)
    Executive VP & Chief Acquisitions Officer
    Comp: $2.44M
  • Mr. Chris L. Walker (Age 66)
    Executive VP & President of Programs Segment
    Comp: $2.96M
  • Mr. P. Barrett Brown (Age 51)
    Executive VP & President of Retail Segment
    Comp: $2.95M
  • Mr. Kiet Tran
    Chief Technology Officer
  • Mr. Kenneth Gray Nester II (Age 48)
    Executive VP & Chief Information Officer
  • Mr. C. Robert Mathis IV
    Senior VP & Chief Legal Officer
  • Jenny Goco
    Director of Communications
  • Ms. Julie L. Turpin (Age 53)
    Executive VP & Chief People Officer

BRO Stock Analysis - Frequently Asked Questions

Should I buy or sell Brown & Brown stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last year. There are currently 2 sell ratings, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BRO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BRO, but not buy additional shares or sell existing shares.
View BRO analyst ratings
or view top-rated stocks.

What is Brown & Brown's stock price target for 2024?

10 Wall Street research analysts have issued twelve-month price targets for Brown & Brown's stock. Their BRO share price targets range from $78.00 to $95.00. On average, they predict the company's stock price to reach $87.30 in the next twelve months. This suggests that the stock has a possible downside of 2.8%.
View analysts price targets for BRO
or view top-rated stocks among Wall Street analysts.

How have BRO shares performed in 2024?

Brown & Brown's stock was trading at $71.11 at the beginning of the year. Since then, BRO stock has increased by 26.4% and is now trading at $89.86.
View the best growth stocks for 2024 here
.

Are investors shorting Brown & Brown?

Brown & Brown saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 2,880,000 shares, a drop of 7.4% from the April 15th total of 3,110,000 shares. Based on an average trading volume of 1,210,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.2% of the company's shares are short sold.
View Brown & Brown's Short Interest
.

When is Brown & Brown's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024.
View our BRO earnings forecast
.

How were Brown & Brown's earnings last quarter?

Brown & Brown, Inc. (NYSE:BRO) announced its quarterly earnings results on Tuesday, April, 23rd. The financial services provider reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. The financial services provider earned $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. Brown & Brown had a trailing twelve-month return on equity of 16.43% and a net margin of 21.09%. The business's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business earned $0.84 earnings per share.

How often does Brown & Brown pay dividends? What is the dividend yield for Brown & Brown?

Brown & Brown declared a quarterly dividend on Monday, April 22nd. Stockholders of record on Monday, May 6th will be given a dividend of $0.13 per share on Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, May 3rd.
Read our dividend analysis for BRO
.

Is Brown & Brown a good dividend stock?

Brown & Brown (NYSE:BRO) pays an annual dividend of $0.52 per share and currently has a dividend yield of 0.58%. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 16.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRO will have a dividend payout ratio of 13.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BRO.

When did Brown & Brown's stock split?

Brown & Brown shares split on the morning of Thursday, March 29th 2018. The 2-1 split was announced on Monday, February 26th 2018. The newly issued shares were payable to shareholders after the market closes on Wednesday, March 28th 2018. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is J. Powell Brown's approval rating as Brown & Brown's CEO?

232 employees have rated Brown & Brown Chief Executive Officer J. Powell Brown on Glassdoor.com. J. Powell Brown has an approval rating of 88% among the company's employees.

What other stocks do shareholders of Brown & Brown own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Brown & Brown investors own include Intel (INTC), NVIDIA (NVDA), Alibaba Group (BABA), QUALCOMM (QCOM), AbbVie (ABBV), Advanced Micro Devices (AMD), Micron Technology (MU), AT&T (T), Bank of America (BAC) and JD.com (JD).

Who are Brown & Brown's major shareholders?

Brown & Brown's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.94%), Principal Financial Group Inc. (4.46%), Allspring Global Investments Holdings LLC (1.60%), First Eagle Investment Management LLC (1.09%), ProShare Advisors LLC (0.79%) and Bank of New York Mellon Corp (0.54%). Insiders that own company stock include Bronislaw Edmund Masojada, H Palmer Proctor Jr, Hugh M Brown, Hyatt J Brown, Lawrence L Gellerstedt III, Stephen M Boyd and Stephen M Boyd.
View institutional ownership trends
.

How do I buy shares of Brown & Brown?

Shares of BRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BRO) was last updated on 5/21/2024 by MarketBeat.com Staff

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