Brown & Brown Company Profile (NYSE:BRO)

About Brown & Brown (NYSE:BRO)

Brown & Brown logoBrown & Brown, Inc. is a diversified insurance agency, wholesale brokerage, insurance programs and service company. The Company markets and sells insurance products and services, in the property, casualty and employee benefits areas. It provides its customers with non-investment insurance contracts, as well as other customized risk management products and services. It operates through four segments: the Retail Segment, which provides a range of insurance products and services to commercial, public and quasi-public entities, and to professional and individual customers; the National Programs Segment, which acts as a managing general agent, provides professional liability and related package products; the Wholesale Brokerage Segment, which markets and sells excess and surplus commercial and personal lines insurance, and the Services Segment, which provides insurance-related services, including third-party claims administration and medical utilization management services.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Insurance Brokers
  • Sub-Industry: Insurance Brokers
  • Symbol: NYSE:BRO
  • CUSIP: 11523610
  • Web:
  • Market Cap: $6.64 billion
  • Outstanding Shares: 139,920,000
Average Prices:
  • 50 Day Moving Avg: $44.90
  • 200 Day Moving Avg: $43.49
  • 52 Week Range: $36.05 - $48.32
  • Trailing P/E Ratio: 25.36
  • Foreward P/E Ratio: 23.71
  • P/E Growth: 4.33
Sales & Book Value:
  • Annual Revenue: $1.8 billion
  • Price / Sales: 3.69
  • Book Value: $17.56 per share
  • Price / Book: 2.70
  • Annual Dividend: $0.54
  • Dividend Yield: 1.2%
  • EBIDTA: $572.43 million
  • Net Margins: 14.52%
  • Return on Equity: 11.10%
  • Return on Assets: 4.99%
  • Debt-to-Equity Ratio: 0.39%
  • Current Ratio: 1.01%
  • Quick Ratio: 1.01%
  • Average Volume: 564,006 shs.
  • Beta: 0.77
  • Short Ratio: 2.95

Frequently Asked Questions for Brown & Brown (NYSE:BRO)

What is Brown & Brown's stock symbol?

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

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

Brown & Brown announced a quarterly dividend on Thursday, July 13th. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.135 per share on Wednesday, August 16th. This represents a $0.54 annualized dividend and a yield of 1.14%. The ex-dividend date is Monday, August 7th. View Brown & Brown's Dividend History.

How were Brown & Brown's earnings last quarter?

Brown & Brown, Inc. (NYSE:BRO) released its earnings results on Monday, July, 17th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. The company earned $466.30 million during the quarter, compared to the consensus estimate of $465.48 million. Brown & Brown had a net margin of 14.52% and a return on equity of 11.10%. Brown & Brown's revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. View Brown & Brown's Earnings History.

When will Brown & Brown make its next earnings announcement?

Brown & Brown is scheduled to release their next quarterly earnings announcement on Wednesday, October, 18th 2017. View Earnings Estimates for Brown & Brown.

Where is Brown & Brown's stock going? Where will Brown & Brown's stock price be in 2017?

10 brokerages have issued 12-month target prices for Brown & Brown's shares. Their forecasts range from $39.00 to $46.00. On average, they anticipate Brown & Brown's share price to reach $43.43 in the next year. View Analyst Ratings for Brown & Brown.

What are analysts saying about Brown & Brown stock?

Here are some recent quotes from research analysts about Brown & Brown stock:

  • 1. Wells Fargo & Company analysts commented, "We are updating our BRO model to reflect: (1) updating the segment estimates within our model after BRO filed its 10Q; and (2) the $50 million accelerated share repurchase program, which BRO entered into today (8/15). We also followed up with the company post earnings. As a result, we are fine tuning our numbers – and while we have made some adjustments to our quarterly estimates (for lower contingents in the Q3) our full year estimates are unchanged (due to a lower share count assumption from the ASR BRO announced today). Our consolidated earnings model is included in the back of this note." (8/15/2017)
  • 2. According to Zacks Investment Research, "Brown and Brown’s increased financial leverage and exposure to currency exchange rate fluctuations are headwinds. Also, dependence on limited clients for commission revenues raises caution. Escalating expenses are likely to hurt margins. Nonetheless, the company’s compelling portfolio with impressive growth is driven by organic and inorganic initiatives. Plus, solid capital positions it well for the long term. The insurance broker’s impressive growth is attributable to its organic and inorganic strength. A solid performance is boosting cash flow, which should help the company to deploy capital in shareholder-friendly moves. For 2017, the company envisions EBITDAC margins to be between 33% and 35%. Also, shares of Brown and Brown have underperformed the industry since the release of its second quarter results. Brown and Brown’s second-quarter 2017 earnings outpaced our expectations but remained flat year over year." (7/31/2017)

Are investors shorting Brown & Brown?

Brown & Brown saw a increase in short interest during the month of August. As of August 15th, there was short interest totalling 2,474,528 shares, an increase of 54.4% from the July 31st total of 1,602,457 shares. Based on an average daily volume of 457,397 shares, the days-to-cover ratio is presently 5.4 days. Currently, 2.1% of the shares of the company are sold short.

Who are some of Brown & Brown's key competitors?

Who are Brown & Brown's key executives?

Brown & Brown's management team includes the folowing people:

  • J. Hyatt Brown, Chairman of the Board
  • J. Powell Brown, President, Chief Executive Officer, Director
  • R. Andrew Watts, Chief Financial Officer, Executive Vice President, Treasurer
  • Robert W. Lloyd, Executive Vice President, General Counsel, Secretary
  • Richard Alison Freebourn Sr., Executive Vice President-Internal Operations, People Officer
  • Jerome Scott Penny, Executive Vice President, Chief Acquisition Officer
  • Anthony T. Strianese, Executive Vice President, President-Wholesale Brokerage Division
  • Chris L. Walker, Executive Vice President, President – Programs Division
  • Julie Ryan, Chief People Officer
  • Wendell S. Reilly, Lead Independent Director

Who owns Brown & Brown stock?

Brown & Brown's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.02%), BlackRock Inc. (6.93%), First Eagle Investment Management LLC (5.10%), State Street Corp (4.15%), Wells Fargo & Company MN (4.05%) and Principal Financial Group Inc. (2.77%). Company insiders that own Brown & Brown stock include Anthony T Strianese, Jerome Scott Penny, Richard Freebourn and Robert W Lloyd. View Institutional Ownership Trends for Brown & Brown.

Who sold Brown & Brown stock? Who is selling Brown & Brown stock?

Brown & Brown's stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Findlay Park Partners LLP, American Century Companies Inc., Diamond Hill Capital Management Inc., Capital Returns Management LLC, First Trust Advisors LP, Hermes Investment Management Ltd. and Alliancebernstein L.P.. Company insiders that have sold Brown & Brown stock in the last year include Anthony T Strianese, Jerome Scott Penny and Richard Freebourn. View Insider Buying and Selling for Brown & Brown.

Who bought Brown & Brown stock? Who is buying Brown & Brown stock?

Brown & Brown's stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Vanguard Group Inc., Wells Fargo & Company MN, Renaissance Technologies LLC, Arrowstreet Capital Limited Partnership, BlackRock Inc., Janus Henderson Group PLC and Bank of Montreal Can. View Insider Buying and Selling for Brown & Brown.

How do I buy Brown & Brown stock?

Shares of Brown & Brown can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Brown & Brown's stock price today?

One share of Brown & Brown stock can currently be purchased for approximately $47.42.

MarketBeat Community Rating for Brown & Brown (NYSE BRO)
Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  176 (Vote Outperform)
Underperform Votes:  302 (Vote Underperform)
Total Votes:  478
MarketBeat's community ratings are surveys of what our community members think about Brown & Brown and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Brown & Brown (NYSE:BRO) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 8 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $43.43 (8.42% downside)

Analysts' Ratings History for Brown & Brown (NYSE:BRO)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/18/2017Keefe, Bruyette & WoodsReiterated RatingHold$43.00LowView Rating Details
8/15/2017Wells Fargo & CompanyReiterated RatingHoldLowView Rating Details
7/13/2017Citigroup Inc.Boost Price TargetNeutral$45.00 -> $46.00LowView Rating Details
6/13/2017Royal Bank Of CanadaReiterated RatingHold$44.00LowView Rating Details
5/19/2017SunTrust Banks, Inc.Reiterated RatingHold$44.00 -> $46.00LowView Rating Details
1/9/2017Barclays PLCReiterated RatingSell$39.00N/AView Rating Details
12/30/2016Langen McalennReiterated RatingBuyN/AView Rating Details
12/16/2016J P Morgan Chase & CoUpgradeUnderweight -> NeutralN/AView Rating Details
12/12/2016BMO Capital MarketsUpgradeUnderperform -> Market Perform$37.00 -> $46.00N/AView Rating Details
10/24/2016Deutsche Bank AGDowngradeBuy -> Hold$40.00N/AView Rating Details
7/20/2016Compass PointBoost Price TargetNeutral$34.00 -> $37.00N/AView Rating Details
4/20/2016Morgan StanleyReiterated RatingSell$30.00N/AView Rating Details
3/21/2016William BlairUpgradeUnderperform -> Market PerformN/AView Rating Details
1/8/2016Piper Jaffray CompaniesReiterated RatingOverweight$37.00 -> $36.00N/AView Rating Details
(Data available from 9/23/2015 forward)


Earnings History for Brown & Brown (NYSE:BRO)
Earnings by Quarter for Brown & Brown (NYSE:BRO)
Earnings History by Quarter for Brown & Brown (NYSE BRO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/18/2017$0.51N/AView Earnings Details
7/17/2017Q2 2017$0.47$0.49$465.48 million$466.30 millionViewN/AView Earnings Details
4/17/2017Q1 2017$0.42$0.43$443.76 million$465.10 millionViewN/AView Earnings Details
1/23/2017Q4 2016$0.41$0.42$431.30 million$433.60 millionViewListenView Earnings Details
10/20/2016Q316$0.49$0.52$455.56 million$462.30 millionViewListenView Earnings Details
7/18/2016Q216$0.44$0.49$439.70 million$446.50 millionViewListenView Earnings Details
4/18/2016Q116$0.42$0.44$425.86 million$424.20 millionViewListenView Earnings Details
1/25/2016Q415$0.36$0.38$402.82 million$404.70 millionViewListenView Earnings Details
10/19/2015Q3$0.47$0.47$437.10 million$432.20 millionViewListenView Earnings Details
7/20/2015Q215$0.44$0.43$426.42 million$419.40 millionViewListenView Earnings Details
4/20/2015Q115$0.40$0.40$410.95 million$404.30 millionViewListenView Earnings Details
1/26/2015Q414$0.13$0.18$392.45 million$393.10 millionViewListenView Earnings Details
10/20/2014Q3$0.47$0.47$425.40 million$421.30 millionViewListenView Earnings Details
7/21/2014Q214$0.41$0.42$384.95 million$397.80 millionViewListenView Earnings Details
2/4/2014Q413$0.35$0.32$348.20 million$343.17 millionViewListenView Earnings Details
10/15/2013Q313$0.40$0.39$348.85 million$359.31 millionViewListenView Earnings Details
7/15/2013Q2 2013$0.35$0.36$318.70 million$325.79 millionViewListenView Earnings Details
4/15/2013Q1 2013$0.39$0.41$337.02 million$335.00 millionViewListenView Earnings Details
2/1/2013Q4 2012$0.26$0.29$286.45 million$302.83 millionViewListenView Earnings Details
10/15/2012$0.35$0.34ViewN/AView Earnings Details
7/16/2012$0.31$0.26ViewN/AView Earnings Details
4/16/2012$0.33$0.34ViewN/AView Earnings Details
2/3/2012$0.22$0.25ViewN/AView Earnings Details
10/17/2011$0.30$0.31ViewN/AView Earnings Details
7/18/2011$0.30$0.26ViewN/AView Earnings Details
4/18/2011$0.33$0.32ViewN/AView Earnings Details
2/7/2011$0.21$0.22ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Brown & Brown (NYSE:BRO)
2017 EPS Consensus Estimate: $1.89
2018 EPS Consensus Estimate: $2.01
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174$0.40$0.50$0.44
Q2 20174$0.46$0.50$0.48
Q3 20174$0.48$0.57$0.52
Q4 20173$0.42$0.52$0.45
Q1 20183$0.44$0.45$0.45
Q2 20183$0.47$0.55$0.52
Q3 20183$0.56$0.58$0.57
Q4 20183$0.45$0.48$0.47
(Data provided by Zacks Investment Research)


Current Dividend Information for Brown & Brown (NYSE:BRO)
Most Recent Dividend:8/16/2017
Annual Dividend:$0.54
Dividend Yield:1.14%
Dividend Growth:10.70% (3 Year Average)
Payout Ratio:29.03% (Trailing 12 Months of Earnings)
29.19% (Based on This Year's Estimates)
27.00% (Based on Next Year's Estimates)
Track Record:16 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Brown & Brown (NYSE:BRO)

Dividend History by Quarter for Brown & Brown (NYSE BRO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Brown & Brown (NYSE:BRO)
Insider Ownership Percentage: 16.98%
Institutional Ownership Percentage: 72.18%
Insider Trades by Quarter for Brown & Brown (NYSE:BRO)
Institutional Ownership by Quarter for Brown & Brown (NYSE:BRO)
Insider Trades by Quarter for Brown & Brown (NYSE:BRO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/2/2017Anthony T. StrianeseEVPSell18,870$44.49$839,526.30View SEC Filing  
8/1/2017Anthony T. StrianeseEVPSell10,000$44.59$445,900.00View SEC Filing  
4/21/2017Anthony T. StrianeseEVPSell24,562$42.24$1,037,498.88View SEC Filing  
12/1/2016Jerome Scott PennyEVPSell10,000$43.56$435,600.00View SEC Filing  
11/23/2016Richard FreebournEVPSell25,000$42.90$1,072,500.00View SEC Filing  
9/20/2016Robert W. LloydEVPSell2,971$37.32$110,877.72View SEC Filing  
6/30/2016Anthony T. StrianeseEVPSell1,444$37.02$53,456.88View SEC Filing  
6/24/2016Richard FreebournEVPSell27,569$35.69$983,937.61View SEC Filing  
5/25/2016Anthony T StrianeseEVPSell2,700$35.64$96,228.00View SEC Filing  
3/29/2016Jerome Scott PennyEVPSell15,000$35.41$531,150.00View SEC Filing  
3/23/2016Anthony T StrianeseEVPSell5,765$35.25$203,216.25View SEC Filing  
6/18/2015Anthony T StrianeseInsiderSell3,985$33.59$133,856.15View SEC Filing  
6/17/2015Jerome Scott PennyInsiderSell15,000$33.39$500,850.00View SEC Filing  
9/8/2014Kenneth R MastersSVPSell21,884$32.74$716,482.16View SEC Filing  
6/24/2014Kenneth R MastersSVPSell21,883$30.50$667,431.50View SEC Filing  
9/4/2013H Palmer Proctor, Jr.DirectorBuy1,000$30.75$30,750.00View SEC Filing  
10/25/2012H Palmer Proctor JrDirectorBuy2,500$25.20$63,000.00View SEC Filing  
9/13/2012Anthony T StrianeseInsiderSell2,500$26.62$66,550.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Brown & Brown (NYSE:BRO)
Latest Headlines for Brown & Brown (NYSE:BRO)
DateHeadline logoHarvey evacuees moving out of George R. Brown; FEMA opening another Disaster Recovery Center - September 20 at 5:31 PM logoTrump is riding a 'dead horse' on climate issue, Gov. Brown says at New York conference - September 19 at 9:46 PM logoBrown & Brown, Inc. (BRO) Expected to Announce Earnings of $0.50 Per Share - September 19 at 2:16 AM logoAmazon Affects How the Fashion World Does Business -- Designer Antonio Brown - September 18 at 10:05 PM logoBrown & Brown (BRO) on Growth Trajectory: Apt to Hold? - September 15 at 5:09 PM logoOneSpot Appoints David Brown Chief Strategy Officer And Launches Strategic Services Business For Content Marketers - September 14 at 10:27 PM logoBrown & Brown, Inc. (BRO) Receives Consensus Recommendation of "Hold" from Analysts - September 13 at 9:18 PM logoBrown & Brown, Inc. : BRO-US: Dividend Analysis : August 09th, 2017 (record date) : By the numbers : September 11, 2017 - September 11 at 10:25 PM logoWilliam Blair Comments on Brown & Brown, Inc.'s Q3 2017 Earnings (BRO) - September 8 at 6:28 AM logoCORRECTED-Amazon Prime customers get access to Brown Sugar movie service - September 6 at 9:48 PM logoBrown & Brown confirms new HQ to be built in Daytona; seeks architect, contractor - September 6 at 9:48 PM logoZacks: Analysts Expect Brown & Brown, Inc. (BRO) Will Post Quarterly Sales of $475.59 Million - September 2 at 7:54 AM logoMeet our 2017 Volunteer of the Year: Gabriella Brown - September 1 at 5:03 PM logoUS Oil Sands Inc. Announces Director Resignations - September 1 at 5:03 PM logoBrown & Brown, Inc. (BRO) Short Interest Up 54.4% in August - August 31 at 1:46 AM logoETFs with exposure to Brown & Brown, Inc. : August 21, 2017 - August 23 at 4:53 PM logoBrown & Brown, Inc. breached its 50 day moving average in a Bullish Manner : BRO-US : August 22, 2017 - August 23 at 4:53 PM logoBrown & Brown, Inc. Announces the Asset Acquisition of herronpalmer - August 21 at 7:40 AM logoBrown & Brown, Inc. (BRO) Receives Average Rating of "Hold" from Analysts - August 19 at 7:18 PM logoBrown & Brown, Inc. (BRO) Receives Hold Rating from Keefe, Bruyette & Woods - August 18 at 4:32 PM logoWhy Is Brown & Brown (BRO) Up 2.6% Since the Last Earnings Report? - August 17 at 6:06 PM logoBrown & Brown, Inc. (BRO) Upgraded at BidaskClub - August 17 at 12:08 AM logoForm 4 BROWN THOMAS K For: Aug 14 Filed by: CONSUMER PORTFOLIO SERVICES INC - August 16 at 5:16 PM logoBrown & Brown's (BRO) Hold Rating Reiterated at Wells Fargo & Company - August 15 at 6:08 PM logoBrown & Brown, Inc. Announces Entry Into Accelerated Share Repurchase Program - August 15 at 5:34 PM logoBrown & Brown, Inc. Announces the Asset Acquisition of Shenkel Insurance Agency, Inc. - August 14 at 5:11 PM logoBrown & Brown, Inc. Announces the Asset Acquisition of Shenkel Insurance Agency, Inc. - August 14 at 7:31 AM logoBrown & Brown, Inc. breached its 50 day moving average in a Bearish Manner : BRO-US : August 11, 2017 - August 11 at 5:09 PM logoSee what the IHS Markit Score report has to say about Brown & Brown Inc. - August 10 at 10:53 PM logoSun Life Financial (SLF) Q2 Earnings, Revenues Rise Y/Y - August 10 at 5:52 PM logoBrown & Brown, Inc. :BRO-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 - August 10 at 5:52 PM logoState Auto Financial (STFC) Q2 Loss Narrower Than Expected - August 9 at 4:56 PM logoBrown & Brown (NYSE:BRO) & Kingstone Companies (KINS) Financial Survey - August 7 at 8:54 AM logoThree takes on Louisville's urban redevelopment: 'These are the projects we should be incentivizing' - August 4 at 10:01 PM revenue falls but beat targets - August 4 at 5:00 PM logoPrudential Financial (PRU) Q2 Earnings Miss, Revenues Rise (Revised) - August 4 at 5:00 PM logoAlleghany (Y) Earnings Miss Estimates in Q2, Revenues Beat - August 4 at 5:00 PM logoBrown & Brown, Inc. Announces the Asset Acquisition of Clairmont Financial Group - August 3 at 6:10 PM logoLincoln National (LNC) Q2 Earnings Beat, Revenues Miss - August 3 at 6:10 PM logoPrudential Financial (PRU) Q2 Earnings Miss, Revenues Rise - August 3 at 6:10 PM logoMetLife (MET) Earnings Beat Estimates in Q2, Improve Y/Y - August 3 at 6:10 PM logoAnthony T. Strianese Sells 10,000 Shares of Brown & Brown, Inc. (NYSE:BRO) Stock - August 2 at 8:12 PM logoBrown & Brown, Inc. (NYSE:BRO) EVP Anthony T. Strianese Sells 18,870 Shares - August 2 at 7:46 PM logoeHealth (EHTH) Q2 Loss Wider Than Expected, '17 View Intact - August 1 at 5:34 PM logoTodd Davis Joins Brown & Brown Insurance - August 1 at 2:48 AM logoFirst American Financial (FAF) Q2 Earnings Beat Estimates - July 31 at 4:45 PM logo$477.24 Million in Sales Expected for Brown & Brown, Inc. (NYSE:BRO) This Quarter - July 27 at 11:21 AM logo$0.50 Earnings Per Share Expected for Brown & Brown, Inc. (NYSE:BRO) This Quarter - July 26 at 12:27 AM logoBrown & Brown, Inc. (BRO) Receives Average Recommendation of "Hold" from Analysts - July 25 at 6:45 PM logoETFs with exposure to Brown & Brown, Inc. : July 24, 2017 - July 24 at 4:11 PM



Brown & Brown (BRO) Chart for Saturday, September, 23, 2017

This page was last updated on 9/23/2017 by Staff