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S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
Would Buffett Approve of This Growth Strategy? (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
The Strategic Gold Play You Haven't Heard About (Ad)
Low PE Growth Stocks: Unlocking Investment Opportunities
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
The Strategic Gold Play You Haven't Heard About (Ad)
Why Ralph Lauren Should Be On Your Holiday Wishlist
EU announces plans to better protect its sensitive technologies from foreign snooping
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
Would Buffett Approve of This Growth Strategy? (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
The Strategic Gold Play You Haven't Heard About (Ad)
Low PE Growth Stocks: Unlocking Investment Opportunities
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
The Strategic Gold Play You Haven't Heard About (Ad)
Why Ralph Lauren Should Be On Your Holiday Wishlist
EU announces plans to better protect its sensitive technologies from foreign snooping
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
Would Buffett Approve of This Growth Strategy? (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
The Strategic Gold Play You Haven't Heard About (Ad)
Low PE Growth Stocks: Unlocking Investment Opportunities
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
The Strategic Gold Play You Haven't Heard About (Ad)
Why Ralph Lauren Should Be On Your Holiday Wishlist
EU announces plans to better protect its sensitive technologies from foreign snooping
NYSE:BRO

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

$69.29
-0.23 (-0.33%)
(As of 10/3/2023 ET)
Compare
Today's Range
$68.94
$69.90
50-Day Range
$69.29
$74.20
52-Week Range
$52.82
$74.57
Volume
856,105 shs
Average Volume
1.09 million shs
Market Capitalization
$19.65 billion
P/E Ratio
26.86
Dividend Yield
0.66%
Price Target
$72.90

Brown & Brown MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
5.2% Upside
$72.90 Price Target
Short Interest
Healthy
0.73% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.21mentions of Brown & Brown in the last 14 days
Based on 70 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.77%
From $2.66 to $2.92 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Finance Sector

378th out of 858 stocks

Insurance Agents, Brokers, & Service Industry

6th out of 18 stocks


BRO stock logo

About Brown & Brown (NYSE:BRO) Stock

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 Price History

BRO Stock News Headlines

Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Scoop: Campbell Brown exits Meta
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
A.J. Brown: ‘4-0 Means Nothing!’
See More Headlines
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BRO Company Calendar

Last Earnings
7/25/2023
Ex-Dividend for 8/16 Dividend
8/08/2023
Dividend Payable
8/16/2023
Today
10/04/2023
Next Earnings (Confirmed)
10/23/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Insurance agents, brokers, & service
Sub-Industry
Insurance Brokers
Sector
Finance
CUSIP
11523610
Employees
15,201
Year Founded
1939

Price Target and Rating

Average Stock Price Forecast
$72.90
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$62.00
Forecasted Upside/Downside
+5.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$671.80 million
Pretax Margin
24.07%

Debt

Sales & Book Value

Annual Sales
$3.57 billion
Cash Flow
$2.92 per share
Book Value
$16.26 per share

Miscellaneous

Free Float
236,590,000
Market Cap
$19.65 billion
Optionable
Optionable
Beta
0.76

Social Links

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Key Executives

  • Mr. J. Powell Brown C.P.C.U. (Age 55)
    CPCU, CEO, Pres & Director
    Comp: $3.79M
  • Mr. R. Andrew Watts (Age 54)
    Exec. VP, CFO & Treasurer
    Comp: $1.72M
  • Mr. J. Scott Penny C.I.C. (Age 56)
    CIC, Exec. VP & Chief Acquisitions Officer
    Comp: $2.07M
  • Mr. Chris L. Walker (Age 65)
    Exec. VP & Pres of National Programs Segment
    Comp: $2.34M
  • Mr. P. Barrett Brown (Age 50)
    Exec. VP & Pres of Retail Segment
    Comp: $2.62M
  • Mr. Kiet Tran
    Chief Technology Officer
  • Mr. Kenneth Gray Nester II (Age 47)
    Exec. VP & Chief Information Officer
  • Mr. Robert Mathis
    Chief Legal Officer
  • Jenny Goco
    Director of Communications
  • Ms. Julie L. Turpin (Age 52)
    Exec. VP & Chief People Officer













BRO Stock - Frequently Asked Questions

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

9 Wall Street 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 research analysts is that investors should "moderate buy" BRO shares.
View BRO analyst ratings
or view top-rated stocks.

What is Brown & Brown's stock price forecast for 2023?

9 brokerages have issued twelve-month price objectives for Brown & Brown's shares. Their BRO share price forecasts range from $62.00 to $85.00. On average, they predict the company's share price to reach $72.90 in the next twelve months. This suggests a possible upside of 5.2% 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 2023?

Brown & Brown's stock was trading at $56.97 at the start of the year. Since then, BRO stock has increased by 21.6% and is now trading at $69.29.
View the best growth stocks for 2023 here
.

Are investors shorting Brown & Brown?

Brown & Brown saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,770,000 shares, a decline 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 stock 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, October 23rd 2023.
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, October 24th 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) announced its earnings results on Tuesday, July, 25th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating 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 trailing twelve-month return on equity of 15.19% and a net margin of 18.34%. The business's revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 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, 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 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, August 8th.
Read our dividend analysis for BRO
.

Is Brown & Brown a good dividend stock?

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.

When did Brown & Brown's stock split?

Shares of Brown & Brown 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 closing bell 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).

What is Brown & Brown's stock symbol?

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

Who are Brown & Brown's major shareholders?

Brown & Brown's stock is owned by many different institutional and retail investors. Top institutional investors 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Brown & Brown's stock price today?

One share of BRO stock can currently be purchased for approximately $69.29.

How much money does Brown & Brown make?

Brown & Brown (NYSE:BRO) has a market capitalization of $19.65 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.

How many employees does Brown & Brown have?

The company employs 15,201 workers across the globe.

How can I contact Brown & Brown?

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.

This page (NYSE:BRO) was last updated on 10/4/2023 by MarketBeat.com Staff

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