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S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
Are blue chip stocks a good investment?
Is Gold Really Boring? (Ad)
Power Play: GE's game-changing technology for EVs and grids
Home sales hit a 13-year low... what now?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Stock market today: Wall Street takes a breather after best trading month of the year
Salesforce.com completes a reversal: new all-time high in sight
Is Gold Really Boring? (Ad)
A 15% gain in store for Five Below after rosy holiday outlook
Elon Musk Gives Profanity-Laden Tirade During DealBook Interview: "Go F--- Yourself'
S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
Are blue chip stocks a good investment?
Is Gold Really Boring? (Ad)
Power Play: GE's game-changing technology for EVs and grids
Home sales hit a 13-year low... what now?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Stock market today: Wall Street takes a breather after best trading month of the year
Salesforce.com completes a reversal: new all-time high in sight
Is Gold Really Boring? (Ad)
A 15% gain in store for Five Below after rosy holiday outlook
Elon Musk Gives Profanity-Laden Tirade During DealBook Interview: "Go F--- Yourself'
S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
Are blue chip stocks a good investment?
Is Gold Really Boring? (Ad)
Power Play: GE's game-changing technology for EVs and grids
Home sales hit a 13-year low... what now?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Stock market today: Wall Street takes a breather after best trading month of the year
Salesforce.com completes a reversal: new all-time high in sight
Is Gold Really Boring? (Ad)
A 15% gain in store for Five Below after rosy holiday outlook
Elon Musk Gives Profanity-Laden Tirade During DealBook Interview: "Go F--- Yourself'

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

$74.74
+1.77 (+2.43%)
(As of 11/30/2023 ET)
Compare
Today's Range
$72.92
$74.83
50-Day Range
$66.78
$74.95
52-Week Range
$52.82
$75.14
Volume
1.38 million shs
Average Volume
985,773 shs
Market Capitalization
$21.27 billion
P/E Ratio
28.42
Dividend Yield
0.70%
Price Target
$77.38

Brown & Brown MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
3.5% Upside
$77.38 Price Target
Short Interest
Healthy
1.05% 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 76 Articles This Week
Insider Trading
Selling Shares
$176,600 Sold Last Quarter
Proj. Earnings Growth
9.42%
From $2.76 to $3.02 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

236th out of 879 stocks

Insurance Agents, Brokers, & Service Industry

5th out of 16 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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The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
See More Headlines
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Company Calendar

Last Earnings
10/23/2023
Ex-Dividend for 11/15 Dividend
10/31/2023
Dividend Payable
11/15/2023
Today
11/30/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/22/2024

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 Target
$77.38
High Stock Price Target
$85.00
Low Stock Price Target
$67.00
Potential Upside/Downside
+3.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$671.80 million
Pretax Margin
23.84%

Debt

Sales & Book Value

Annual Sales
$3.57 billion
Cash Flow
$2.99 per share
Book Value
$18.27 per share

Miscellaneous

Free Float
236,161,000
Market Cap
$21.27 billion
Optionable
Optionable
Beta
0.76

Social Links

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Key Executives

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

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Brown & Brown was last updated on Tuesday, November 28, 2023 at 10:20 PM.

Pros

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

  • Brown & Brown, Inc. operates in multiple countries, providing a global market for its insurance products and services.
  • The company has four segments, including Retail, National Programs, Wholesale Brokerage, and Services, which diversifies its revenue streams and reduces risk.
  • Brown & Brown, Inc. offers a wide range of insurance products, including property and casualty, employee benefits, personal insurance, and specialties insurance, catering to various customer needs.
  • The company provides risk management strategies, loss control survey and analysis, consultancy, and claims processing services, offering comprehensive solutions to its customers.
  • Recent developments and financial performance indicate positive growth potential for Brown & Brown, Inc., making it an attractive investment option.

Cons

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

  • The insurance industry is highly competitive, and Brown & Brown, Inc. faces competition from other insurance agents, brokers, and service providers.
  • Fluctuations in the insurance market and changes in regulations can impact the company's profitability and growth prospects.
  • Investing in insurance companies involves inherent risks, including potential claims and liabilities that may affect the company's financial performance.
  • The stock price of Brown & Brown, Inc. is subject to market volatility and may fluctuate based on various factors, including industry trends and economic conditions.
  • Investors should carefully consider their investment goals and risk tolerance before investing in Brown & Brown, Inc. or any other insurance company.














BRO Stock Analysis - Frequently Asked Questions

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

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.
View BRO analyst ratings
or view top-rated stocks.

What is Brown & Brown's stock price target for 2024?

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.
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 beginning of the year. Since then, BRO stock has increased by 31.2% and is now trading at $74.74.
View the best growth stocks for 2023 here
.

Are investors shorting Brown & Brown?

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
.

When is Brown & Brown's next earnings date?

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

How were Brown & Brown's earnings last quarter?

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.

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

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
.

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 0.71%. 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.

When did Brown & Brown's stock split?

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.

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 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.
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.

This page (NYSE:BRO) was last updated on 12/1/2023 by MarketBeat.com Staff

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