NYSE:BROBrown & Brown Stock Price, Forecast & News

$40.20

-0.05 (-0.12 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$39.74

Now: $40.20▼

$40.44

50-Day Range

$34.59

MA: $37.32▼

$40.25

52-Week Range

$30.70

Now: $40.20▼

$48.69

Volume1.75 million shs

Average Volume1.26 million shs

Market Capitalization$11.39 billion

P/E Ratio25.94

Dividend Yield0.84%

Beta0.65

Brown & Brown, Inc. markets and sells insurance products and services in the United States, England, Canada, Bermuda, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers commercial packages, group medical, workers' compensation, property risk, and general liability insurance products; and group and individual life, accident, disability, health, hospitalization, medical, dental, and other ancillary insurance products, as well as risk management, 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 dentists, oral surgeons, hygienists, lawyers, optometrists, opticians, ophthalmologists, insurance agents, financial advisors, registered representatives, securities broker-dealers, benefit administrators, real estate title agents, and escrow agents, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also offers outsourced product development, marketing, underwriting, actuarial, compliance, and claims and other administrative services to insurance carrier partners; and commercial and public entity-related programs, and flood insurance products. It serves through independent agents. 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.

Beat the Market (BTM) Rank^™

1.1 Analyst's Opinion

Consensus Rating
Brown & Brown has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 2 buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $40.71, Brown & Brown has a potential upside of 1.3% from its current price of $40.20.
Amount of Analyst Coverage
Brown & Brown has only been the subject of 4 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
Brown & Brown has received 356 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Brown & Brown has received 528 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Brown & Brown has received 59.73% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Brown & Brown and other stocks. Vote “Outperform” if you believe BRO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BRO will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
Brown & Brown is a leading dividend payer. It pays a dividend yield of 0.84%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Brown & Brown has been increasing its dividend for 19 years.
Dividend Coverage
The dividend payout ratio of Brown & Brown is 24.29 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Brown & Brown will have a dividend payout ratio of 22.67 % next year. This indicates that Brown & Brown will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Brown & Brown insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 17.13% of the stock of Brown & Brown is held by insiders.
Percentage Held by Institutions
71.27% of the stock of Brown & Brown is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Brown & Brown are expected to grow by 4.90% in the coming year, from $1.43 to $1.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Brown & Brown is 25.94, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Brown & Brown is 25.94, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.02.
Price to Book Value per Share Ratio
Brown & Brown has a P/B Ratio of 3.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.94 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Insurance agents, brokers, & service

Sub-IndustryInsurance Brokers

SectorFinance

Current SymbolNYSE:BRO

Previous Symbol

CUSIP11523610

CIK79282

Webwww.bbinsurance.com

Phone386-252-9601

Debt

Debt-to-Equity Ratio0.43

Current Ratio0.97

Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio25.94

Forward P/E Ratio28.11

P/E GrowthN/A

Sales & Book Value

Annual Sales$2.39 billion

Price / Sales4.76

Cash Flow$1.88 per share

Price / Cash Flow21.39

Book Value$12.28 per share

Price / Book3.27

Profitability

EPS (Most Recent Fiscal Year)$1.40

Net Income$398.51 million

Net Margins17.69%

Return on Equity12.71%

Return on Assets5.64%

Miscellaneous

Employees10,083

Outstanding Shares283,400,000

Market Cap$11.39 billion

Next Earnings Date7/27/2020 (Estimated)

OptionableOptionable

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Brown & Brown (NYSE:BRO) Frequently Asked Questions

How has Brown & Brown's stock been impacted by COVID-19 (Coronavirus)?

Brown & Brown's stock was trading at $41.60 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BRO stock has decreased by 3.4% and is now trading at $40.20. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Brown & Brown?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Brown & Brown.

When is Brown & Brown's next earnings date?

Brown & Brown is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for Brown & Brown.

How were Brown & Brown's earnings last quarter?

Brown & Brown, Inc. (NYSE:BRO) issued its quarterly earnings data on Monday, April, 27th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.46 by $0.05. The financial services provider earned $698.50 million during the quarter, compared to analyst estimates of $678.11 million. Brown & Brown had a return on equity of 12.71% and a net margin of 17.69%. The firm's revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. View Brown & Brown's earnings history.

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

Brown & Brown declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Monday, May 11th will be paid a dividend of $0.085 per share on Wednesday, May 20th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, May 8th. View Brown & Brown's dividend history.

When did Brown & Brown's stock split? How did Brown & Brown's stock split work?

Brown & Brown's stock split on the morning of Thursday, March 29th 2018. The 2-1 split was announced on Monday, February 26th 2018. The newly minted shares were distributed to shareholders after the closing bell on Wednesday, March 28th 2018. An investor that had 100 shares of Brown & Brown stock prior to the split would have 200 shares after the split.

What price target have analysts set for BRO?

8 analysts have issued twelve-month price targets for Brown & Brown's stock. Their forecasts range from $30.00 to $52.00. On average, they anticipate Brown & Brown's stock price to reach $40.71 in the next twelve months. This suggests a possible upside of 1.3% from the stock's current price. View analysts' price targets for Brown & Brown.

Has Brown & Brown been receiving favorable news coverage?

Press coverage about BRO stock has trended very negative on Sunday, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Brown & Brown earned a news sentiment score of -3.5 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutBrown & Brown.

Are investors shorting Brown & Brown?

Brown & Brown saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,480,000 shares, an increase of 24.3% from the April 30th total of 4,410,000 shares. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is currently 3.0 days. Currently, 2.3% of the shares of the company are short sold. View Brown & Brown's Current Options Chain.

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

Some companies that are related to Brown & Brown include Marsh & McLennan Companies (MMC), AON (AON), Arthur J Gallagher & Co (AJG), eHealth (EHTH) and Crawford & Company (CRD.B). View all competitors.

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 Alibaba Group (BABA), Mastercard (MA), NVIDIA (NVDA), Verizon Communications (VZ), Cisco Systems (CSCO), 3M (MMM), AT&T (T), Walt Disney (DIS), Intel (INTC) and Johnson & Johnson (JNJ).

Who are Brown & Brown's key executives?

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

Mr. J. Powell Brown C.P.C.U., CPCU, CEO, Pres & Director (Age 51)
Mr. R. Andrew Watts, Exec. VP, CFO & Treasurer (Age 50)
Mr. J. Scott Penny CIC, Exec. VP & Chief Acquisitions Officer (Age 52)
Mr. Anthony T. Strianese, Exec. VP & Pres of Wholesale Brokerage Division (Age 57)
Mr. Chris L. Walker, Exec. VP & Pres of National Programs Division (Age 61)

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.21%), State Street Corp (3.79%), Wells Fargo & Company MN (3.57%), Principal Financial Group Inc. (3.24%), First Eagle Investment Management LLC (3.00%) and Atlanta Capital Management Co. L L C (1.65%). Company insiders that own Brown & Brown stock include Anthony T Strianese, Chris L Walker, H Palmer Proctor Jr, Jerome Scott Penny and Robert W Lloyd. View institutional ownership trends for Brown & Brown.

Which major investors are selling Brown & Brown stock?

BRO stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, First Eagle Investment Management LLC, Principal Financial Group Inc., Diamond Hill Capital Management Inc., Invesco Ltd., Federated Hermes Inc., Victory Capital Management Inc., and Victory Capital Management Inc.. Company insiders that have sold Brown & Brown company stock in the last year include Chris L Walker, and Jerome Scott Penny. View insider buying and selling activity for Brown & Brown.

Which major investors are buying Brown & Brown stock?

BRO stock was purchased by a variety of institutional investors in the last quarter, including Atlanta Capital Management Co. L L C, BlackRock Inc., The Manufacturers Life Insurance Company , Janus Henderson Group PLC, Los Angeles Capital Management & Equity Research Inc., Sumitomo Mitsui Trust Holdings Inc., Robeco Institutional Asset Management B.V., and APG Asset Management N.V.. View insider buying and selling activity for Brown & Brown.

How do I buy shares of Brown & Brown?

Shares of BRO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Brown & Brown's stock price today?

One share of BRO stock can currently be purchased for approximately $40.20.

How big of a company is Brown & Brown?

Brown & Brown has a market capitalization of $11.39 billion and generates $2.39 billion in revenue each year. The financial services provider earns $398.51 million in net income (profit) each year or $1.40 on an earnings per share basis. Brown & Brown employs 10,083 workers across the globe.

What is Brown & Brown's official website?

The official website for Brown & Brown is www.bbinsurance.com.

How can I contact Brown & Brown?

Brown & Brown's mailing address is 220 South Ridgewood Avenue, Daytona Beach FL, 32114. The financial services provider can be reached via phone at 386-252-9601.

This page was last updated on 5/31/2020 by MarketBeat.com Staff