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

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

9 equities research analysts have issued 12-month price targets for Brown & Brown's stock. Their BRO share price forecasts range from $59.00 to $75.00. On average, they expect the company's share price to reach $66.64 in the next year. This suggests a possible upside of 4.6% from the stock's current price.
View analysts price targets for BRO or view top-rated stocks among Wall Street analysts.

Brown & Brown's stock was trading at $56.97 at the start of the year. Since then, BRO shares have increased by 11.8% and is now trading at $63.68.
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Brown & Brown saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,810,000 shares, a drop of 6.6% from the April 30th total of 3,010,000 shares. Based on an average daily volume of 1,270,000 shares, the short-interest ratio is presently 2.2 days. Currently, 1.2% of the company's shares are short sold.
View Brown & Brown's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our BRO earnings forecast.

Brown & Brown, Inc. (NYSE:BRO) issued its quarterly earnings data on Tuesday, January, 24th. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.46 by $0.04. The financial services provider had revenue of $901.40 million for the quarter, compared to analyst estimates of $897.98 million. Brown & Brown had a net margin of 18.15% and a trailing twelve-month return on equity of 14.80%. The business's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $0.42 EPS.

Brown & Brown declared a quarterly dividend on Monday, April 24th. Stockholders of record on Monday, May 8th will be paid a dividend of $0.115 per share on Wednesday, May 17th. This represents a $0.46 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, May 5th.
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), SPDR S&P Insurance ETF (KIE), iShares U.S. Insurance ETF (IAK), ProShares S&P 500 Aristocrats ETF (NOBL), FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG), Invesco S&P 500 Equal Weight Financials ETF (RYF), Invesco Defensive Equity ETF (DEF) and Roc Etf (ROCI).

Brown & Brown (NYSE:BRO) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.72%. 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 19.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRO will have a dividend payout ratio of 16.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BRO.

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.

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

Brown & Brown's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.91%), Select Equity Group L.P. (5.82%), Principal Financial Group Inc. (4.14%), State Street Corp (3.84%), Allspring Global Investments Holdings LLC (2.03%) and Geode Capital Management LLC (1.86%). Insiders that own company stock include 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.

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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One share of BRO stock can currently be purchased for approximately $63.68.

Brown & Brown (NYSE:BRO) has a market capitalization of $18.06 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 $2.42 on an earnings per share basis.

The company employs 15,201 workers across the globe.

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.