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NVDA   794.72 (+4.29%)
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NIO   4.00 (+5.26%)
BABA   70.73 (+2.40%)
T   16.29 (-1.33%)
F   12.88 (+6.10%)
MU   108.85 (+1.95%)
GE   150.02 (+1.32%)
CGC   7.87 (-0.76%)
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NYSE:BRO

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

$82.50
+0.33 (+0.40%)
(As of 04:00 PM ET)
Today's Range
$82.34
$83.21
50-Day Range
$80.62
$87.54
52-Week Range
$60.00
$87.99
Volume
1.51 million shs
Average Volume
1.32 million shs
Market Capitalization
$23.54 billion
P/E Ratio
26.96
Dividend Yield
0.63%
Price Target
$86.80

Brown & Brown MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
4.8% Upside
$86.80 Price Target
Short Interest
Healthy
1.10% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.26mentions of Brown & Brown in the last 14 days
Based on 74 Articles This Week
Insider Trading
Selling Shares
$12.41 M Sold Last Quarter
Proj. Earnings Growth
8.73%
From $3.55 to $3.86 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.

4.44 out of 5 stars

Finance Sector

192nd out of 850 stocks

Insurance Agents, Brokers, & Service Industry

4th 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
1/23/2024
Ex-Dividend for 2/14 Dividend
2/01/2024
Dividend Payable
2/14/2024
Today
4/22/2024
Next Earnings (Confirmed)
4/22/2024
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
$86.80
High Stock Price Target
$95.00
Low Stock Price Target
$78.00
Potential Upside/Downside
+5.6%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$870.50 million
Pretax Margin
26.92%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
238,459,000
Market Cap
$23.45 billion
Optionable
Optionable
Beta
0.78

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Key Executives

  • Mr. J. Powell Brown C.P.C.U. (Age 56)
    CEO, President & Director
    Comp: $3.79M
  • Mr. R. Andrew Watts (Age 55)
    Executive VP, CFO & Treasurer
    Comp: $1.72M
  • Mr. J. Scott Penny C.I.C. (Age 57)
    Executive VP & Chief Acquisitions Officer
    Comp: $2.07M
  • Mr. Chris L. Walker (Age 66)
    Executive VP & President of Programs Segment
    Comp: $2.34M
  • Mr. P. Barrett Brown (Age 51)
    Executive VP & President of Retail Segment
    Comp: $2.62M
  • Mr. Kiet Tran
    Chief Technology Officer
  • Mr. Kenneth Gray Nester II (Age 48)
    Executive VP & Chief Information Officer
  • Mr. Robert Mathis
    Chief Legal Officer
  • Jenny Goco
    Director of Communications
  • Ms. Julie L. Turpin (Age 53)
    Executive VP & Chief People Officer

Should I Buy Brown & Brown Stock? BRO Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Brown & Brown, Inc.:

  • Brown & Brown, Inc. operates through four segments, providing diversification in its revenue streams which can help mitigate risks associated with a single line of business.
  • The company offers a range of insurance products and services in multiple countries, indicating a broad market reach and potential for growth.
  • Recent stock price movements show a positive trend, suggesting investor confidence and potential for capital appreciation.
  • Strong focus on risk management strategies and loss control survey services can enhance the company's profitability and sustainability.
  • Brown & Brown, Inc. has a long-standing history since its founding in 1939, showcasing stability and experience in the insurance industry.

Cons

Investors should be bearish about investing in Brown & Brown, Inc. for these reasons:

  • The insurance industry is highly competitive, leading to potential pricing pressures and margin squeezes for companies like Brown & Brown, Inc.
  • Economic downturns or fluctuations in interest rates can impact the demand for insurance products and services, affecting the company's revenue streams.
  • Regulatory changes in different countries where the company operates can introduce compliance challenges and additional costs.
  • Dependency on third-party claims administration services in the Services segment may expose the company to operational risks and potential disruptions.
  • Market volatility and unpredictable catastrophic events can lead to increased insurance claims, impacting the company's financial performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Brown & Brown pros and cons to contact@marketbeat.com.

BRO Stock Analysis - Frequently Asked Questions

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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued 12 month target prices for Brown & Brown's shares. Their BRO share price targets range from $78.00 to $95.00. On average, they predict the company's share price to reach $86.80 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price.
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 2024. Since then, BRO shares have increased by 16.5% and is now trading at $82.84.
View the best growth stocks for 2024 here
.

Are investors shorting Brown & Brown?

Brown & Brown saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,590,000 shares, an increase of 15.1% from the March 15th total of 2,250,000 shares. Based on an average trading volume of 1,330,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.1% of the company's shares are sold short.
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, April 22nd 2024.
View our BRO earnings forecast
.

How can I listen to Brown & Brown's earnings call?

Brown & Brown will be holding an earnings conference call on Tuesday, April 23rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Brown & Brown's earnings last quarter?

Brown & Brown, Inc. (NYSE:BRO) released its quarterly earnings results on Tuesday, January, 23rd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The financial services provider earned $1.03 billion during the quarter. Brown & Brown had a trailing twelve-month return on equity of 15.46% and a net margin of 20.44%. During the same period in the previous year, the business posted $0.50 earnings per share.

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

Brown & Brown announced a quarterly dividend on Wednesday, January 17th. Investors of record on Friday, February 2nd will be paid a dividend of $0.13 per share on Wednesday, February 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, February 1st.
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 0.63%. 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 16.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRO will have a dividend payout ratio of 13.47% 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?

Shares of Brown & Brown split on Thursday, March 29th 2018. The 2-1 split was announced on Monday, February 26th 2018. The newly issued shares were distributed 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 variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.60%), Congress Asset Management Co. MA (0.49%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), Confluence Investment Management LLC (0.20%), Los Angeles Capital Management LLC (0.18%) and Raymond James & Associates (0.17%). Insiders that own company stock include Bronislaw Edmund Masojada, H Palmer Proctor Jr, Hugh M Brown, Hyatt J Brown, Lawrence L Gellerstedt III, Robert W Lloyd, 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 4/22/2024 by MarketBeat.com Staff

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