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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BRO shares.
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8 analysts have issued 1-year price targets for Brown & Brown's stock. Their BRO share price targets range from $67.00 to $85.00. On average, they anticipate the company's stock price to reach $77.38 in the next twelve months. This suggests a possible upside of 3.5% from the stock's current price.
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Brown & Brown's stock was trading at $56.97 at the beginning of the year. Since then, BRO stock has increased by 31.2% and is now trading at $74.74.
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Brown & Brown saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 2,490,000 shares, a decrease of 8.1% from the October 31st total of 2,710,000 shares. Based on an average daily volume of 1,270,000 shares, the short-interest ratio is currently 2.0 days. Approximately 1.1% of the shares of the stock are sold short.
View Brown & Brown's Short Interest.

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

Brown & Brown, Inc. (NYSE:BRO) posted its earnings results on Monday, October, 23rd. The financial services provider reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.09. The financial services provider earned $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. Brown & Brown had a net margin of 18.08% and a trailing twelve-month return on equity of 15.72%. The business's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 EPS.

Brown & Brown declared a quarterly dividend on Wednesday, October 18th. Investors of record on Wednesday, November 1st will be given a dividend of $0.13 per share on Wednesday, November 15th. This represents a $0.52 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, October 31st. This is an increase from the stock's previous quarterly dividend of $0.12.
Read our dividend analysis for BRO.

Brown & Brown (NYSE:BRO) pays an annual dividend of $0.52 per share and currently has a dividend yield of 0.71%. 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 19.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRO will have a dividend payout ratio of 17.22% next year. This indicates that the company will be able to sustain or increase its dividend.
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 shares split 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.

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's stock is owned by many different retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (4.23%), Morgan Stanley (3.28%), Allspring Global Investments Holdings LLC (1.84%), First Eagle Investment Management LLC (1.46%), Clarkston Capital Partners LLC (1.14%) and Fenimore Asset Management Inc. (0.86%). 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, Stephen M Boyd 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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