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 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BRO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BRO, but not buy additional shares or sell existing shares.
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9 brokers have issued twelve-month target prices for Brown & Brown's shares. Their BRO share price forecasts range from $59.00 to $75.00. On average, they predict the company's stock price to reach $66.30 in the next twelve months. This suggests a possible upside of 19.8% 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 decreased by 2.8% and is now trading at $55.36.
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Brown & Brown saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 3,210,000 shares, a decrease of 10.8% from the February 13th total of 3,600,000 shares. Based on an average daily trading volume, of 1,090,000 shares, the days-to-cover ratio is currently 2.9 days. Approximately 1.3% 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, April 24th 2023.
View our BRO earnings forecast.

Brown & Brown, Inc. (NYSE:BRO) posted its earnings results on Tuesday, January, 24th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.04. The financial services provider earned $901.40 million during the quarter, compared to analyst estimates of $897.98 million. Brown & Brown had a net margin of 18.80% and a trailing twelve-month return on equity of 14.88%. The firm's quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share.

Brown & Brown announced a quarterly dividend on Wednesday, January 18th. Stockholders of record on Friday, February 3rd will be given a dividend of $0.115 per share on Wednesday, February 15th. This represents a $0.46 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, February 2nd.
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), Invesco S&P 500 Equal Weight Financials ETF (RYF), FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG), ProShares S&P 500 Aristocrats ETF (NOBL), Roc Etf (ROCI) and Fidelity Low Volatility Factor ETF (FDLO).

Brown & Brown (NYSE:BRO) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.84%. 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 19.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRO will have a dividend payout ratio of 16.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BRO.

Brown & Brown's stock split before market open on Thursday, March 29th 2018. The 2-1 split was announced on Monday, February 26th 2018. The newly issued shares were issued 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "BRO."

Brown & Brown's stock is owned by a variety of retail and institutional investors. Top institutional investors include Select Equity Group L.P. (6.09%), Principal Financial Group Inc. (3.96%), Morgan Stanley (3.35%), Allspring Global Investments Holdings LLC (2.00%), Geode Capital Management LLC (1.83%) and First Eagle Investment Management LLC (1.69%). 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 $55.36.

Brown & Brown (NYSE:BRO) has a market capitalization of $15.74 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 $2.36 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.