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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BRO shares.
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9 equities research analysts have issued twelve-month price objectives for Brown & Brown's stock. Their BRO share price forecasts range from $62.00 to $85.00. On average, they anticipate the company's share price to reach $72.90 in the next year. This suggests a possible upside of 4.9% from the stock's current price.
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Brown & Brown's stock was trading at $56.97 at the start of the year. Since then, BRO shares have increased by 22.0% and is now trading at $69.51.
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Brown & Brown saw a decrease in short interest in August. As of August 31st, there was short interest totaling 1,770,000 shares, a decrease of 13.7% from the August 15th total of 2,050,000 shares. Based on an average trading volume of 1,110,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.8% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our BRO earnings forecast.

Brown & Brown, Inc. (NYSE:BRO) issued its quarterly earnings data on Tuesday, July, 25th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.60 by $0.08. The financial services provider earned $1.05 billion during the quarter, compared to analysts' expectations of $997.51 million. Brown & Brown had a net margin of 18.34% and a trailing twelve-month return on equity of 15.19%. The business's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS.

Brown & Brown announced a quarterly dividend on Wednesday, July 19th. Investors of record on Wednesday, August 9th will be given a dividend of $0.115 per share on Wednesday, August 16th. This represents a $0.46 annualized dividend and a yield of 0.66%. The ex-dividend date is Tuesday, August 8th.
Read our dividend analysis for BRO.

ETFs with the largest weight of Brown & Brown (NYSE:BRO) stock in their portfolio include Motley Fool Mid-Cap Growth ETF (TMFM), Invesco Dorsey Wright Financial Momentum ETF (PFI), Alpha Dog ETF (RUFF), iShares U.S. Insurance ETF (IAK), SPDR S&P Insurance ETF (KIE), First Trust Capital Strength ETF (FTCS), Running Oak Efficient Growth ETF (RUNN) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG).

Brown & Brown (NYSE:BRO) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.66%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 17.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRO will have a dividend payout ratio of 15.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BRO.

Brown & Brown shares split before market open on Thursday, March 29th 2018. The 2-1 split was announced on Monday, February 26th 2018. The newly minted 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.

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.

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).

Brown & Brown trades on the New York Stock Exchange (NYSE) under the ticker symbol "BRO."

Brown & Brown's stock is owned by many different institutional and retail investors. Top institutional shareholders include Park National Corp OH (0.02%). Insiders that own company stock include Bronislaw Edmund Masojada, H Palmer Proctor Jr, Hugh M Brown, Hyatt J Brown, James Charles Hays, Lawrence L Gellerstedt III, Robert W Lloyd and Stephen M Boyd.
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Shares of BRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BRO stock can currently be purchased for approximately $69.51.

Brown & Brown (NYSE:BRO) has a market capitalization of $19.71 billion and generates $3.57 billion in revenue each year. The financial services provider earns $671.80 million in net income (profit) each year or $2.58 on an earnings per share basis.

The company employs 15,201 workers across the globe.

Brown & Brown's mailing address is 220 South Ridgewood Avenue, Daytona Beach FL, 32114. The official website for the company is www.bbinsurance.com. The financial services provider can be reached via phone at (386) 252-9601 or via fax at 386-239-5729.