NYSE:BRO Brown & Brown - BRO Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Brown & Brown, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $57.99 -0.57 (-0.97%) (As of 02/1/2023 01:43 PM ET) Add Compare Share Share Today's Range$57.89▼$58.8450-Day Range$55.41▼$61.9652-Week Range$52.91▼$74.00Volume550,231 shsAverage Volume1.30 million shsMarket Capitalization$16.42 billionP/E Ratio24.57Dividend Yield0.80%Price Target$66.30 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Brown & Brown MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside13.7% Upside$66.30 Price TargetShort InterestHealthy1.31% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.58Upright™ Environmental ScoreNews Sentiment0.20Based on 105 Articles This WeekInsider TradingN/AProj. Earnings Growth11.24%From $2.49 to $2.77 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.77 out of 5 starsFinance Sector142nd out of 895 stocksInsurance Agents, Brokers, & Service Industry3rd out of 18 stocks 2.2 Analyst's Opinion Consensus RatingBrown & Brown has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $66.30, Brown & Brown has a forecasted upside of 13.7% from its current price of $58.30.Amount of Analyst CoverageBrown & Brown has only been the subject of 4 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.31% of the float of Brown & Brown has been sold short.Short Interest Ratio / Days to CoverBrown & Brown has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Brown & Brown has recently decreased by 6.93%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend YieldBrown & Brown has a dividend yield of 0.80%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthBrown & Brown has been increasing its dividend for 29 years.Dividend CoverageThe dividend payout ratio of Brown & Brown is 19.49%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Brown & Brown will have a dividend payout ratio of 16.61% next year. This indicates that Brown & Brown will be able to sustain or increase its dividend. Previous Next 2.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreBrown & Brown has received a 12.86% net impact score from Upright. Brown & Brown seems to create the most significant positive value in categories "Jobs", "Societal infrastructure", and "Taxes". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Home insurance services for individuals", "Long term disability insurance services for individuals", and "Commercial general liability insurance" products. See details.Environmental SustainabilityThe Environmental Impact score for Brown & Brown is -0.58. Previous Next 2.9 News and Social Media Coverage News SentimentBrown & Brown has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 105 news articles for Brown & Brown this week, compared to 75 articles on an average week.Search Interest5 people have searched for BRO on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.MarketBeat Follows3 people have added Brown & Brown to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Brown & Brown insiders have not sold or bought any company stock.Percentage Held by Insiders16.67% of the stock of Brown & Brown is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions69.52% of the stock of Brown & Brown is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Brown & Brown are expected to grow by 11.24% in the coming year, from $2.49 to $2.77 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Brown & Brown is 24.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.16.Price to Earnings Ratio vs. SectorThe P/E ratio of Brown & Brown is 24.70, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 185.32.Price to Book Value per Share RatioBrown & Brown has a P/B Ratio of 3.59. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Brown & Brown (NYSE:BRO) StockBrown & Brown, Inc. is an insurance agency, wholesale brokerage, insurance program and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail Segment receives fees in lieu of commissions. The National Programs segment acts as a managing general agent and provides professional liability and related package products for certain professionals, a range of insurance products for individuals, flood coverage, and targeted products and services designated for specific industries, trade groups, governmental entities and market niches. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance, primarily through independent agents and brokers, as well as the company's retail agents. The Services segment provides insurance-related services, including third-party claims administration and comprehensive medical utilization management services in both the workers' compensation and all-lines liability arenas, as well as Medicare Set-aside services, social secRead More Receive BRO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Brown & Brown and its competitors with MarketBeat's FREE daily newsletter. Email Address BRO Stock News HeadlinesFebruary 1, 2023 | marketwatch.comBrown Fused Alumina Market 2023 Insights with Complete Revenue Expected Evolutionary Business Aspect Forecast to 2026February 1, 2023 | usatoday.comWhy Illinois running back Chase Brown fits Miami Dolphins outside zone schemeFebruary 1, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. February 1, 2023 | celticswire.usatoday.comJaylen Brown Player Prop Bets: Celtics vs. Nets | February 1February 1, 2023 | americanbankingnews.comQ1 2023 EPS Estimates for Brown & Brown, Inc. Lowered by Analyst (NYSE:BRO)January 31, 2023 | msn.comWhy Is My Discharge Brown? Experts ExplainJanuary 31, 2023 | msn.comFormer Moses Brown football coach Willie Edwards promoted to be Brown's assistant head coachJanuary 31, 2023 | marketwatch.comBrown-Forman Corp. Cl B stock rises Tuesday, still underperforms marketFebruary 1, 2023 | Investing Trends (Ad)Huge Upside Potential With "Staggering" Solar DemandGlobal solar demand is "staggering" right now, according to Bloomberg. Solar installations are set to grow 30% this year alone. And the boom is just beginning, with increasing adoption of solar by commercial, non-profit, and public entities. With only 1% of commercial electricity demand served by on-site solar globally, there is HUGE opportunity for growth.January 31, 2023 | msn.com‘Sister Wives’ Drama: Has the Brown Family Become a Liability for TLC?January 31, 2023 | msn.comWhat lured Astros owner Jim Crane to new GM Dana Brown? Braves' success at locking up young talentJanuary 31, 2023 | msn.comPhillies Legend Gives High Praise to New Astros GM BrownJanuary 31, 2023 | msn.comTop WR prospect singing Troy Brown's praises at Shrine BowlJanuary 31, 2023 | americanbankingnews.comBrown & Brown, Inc. (BRO) to Issue Quarterly Dividend of $0.12 on February 15thJanuary 31, 2023 | msn.comRising 2024 Prospect Siosefa Brown Commits to BYUJanuary 30, 2023 | msn.comBeing a head coach for the Shrine Bowl is eye-opening for Patriots assistant Troy BrownJanuary 30, 2023 | msn.comSister Wives' Gwendlyn Brown Claims TLC Wanted to 'Exploit' Her Sexuality amid Her Parents' DivorceJanuary 30, 2023 | msn.comOle Miss Analyst Da'Von Brown Expected to Join Western Kentucky as Defensive Backs CoachJanuary 30, 2023 | titanswire.usatoday.comTitans Twitter reacts to A.J. Brown, Brett Kern getting to Super BowlJanuary 30, 2023 | msn.comSouth Oak Cliff three-star linebacker Dylan Brown-Turner commits to Florida StateJanuary 30, 2023 | msn.comChristine Brown, 50, Admits ‘Dating Online Is Crazy’ As She Puts Herself Back Out There After Kody SplitJanuary 30, 2023 | msn.com3 pressing questions facing new Astros general manager Dana BrownJanuary 30, 2023 | msn.com‘Sister Wives’ star Christine Brown asks fans for advice about dating at 50January 30, 2023 | msn.comSister Wives Star Christine Brown Is 'Dating Again' After Split from Ex Kody But It's 'Awkward'January 30, 2023 | msn.comAmon-Ra St. Brown and Penei Sewell are now Pro BowlersJanuary 30, 2023 | msn.comChargers passing on Thomas Brown and Zac Robinson, will hire Kellen Moore as OCJanuary 30, 2023 | msn.comOrlando Brown not called for holding Trey Hendrickson on Patrick Mahomes' late scrambleSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive BRO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Brown & Brown and its competitors with MarketBeat's FREE daily newsletter. Email Address BRO Company Calendar Ex-Dividend for 11/16 Dividend11/01/2022Dividend Payable11/16/2022Last Earnings1/24/2023Today2/01/2023Ex-Dividend for 2/15 Dividend2/02/2023Dividend Payable2/15/2023Next Earnings (Estimated)4/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Insurance agents, brokers, & service Sub-IndustryInsurance Brokers SectorFinance Current SymbolNYSE:BRO CUSIP11523610 CIK79282 Webwww.bbinsurance.com Phone(386) 252-9601Fax386-239-5729Employees12,023Year Founded1939Price Target and Rating Average Stock Price Forecast$66.30 High Stock Price Forecast$75.00 Low Stock Price Forecast$59.00 Forecasted Upside/Downside+14.3%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$2.36 Trailing P/E Ratio24.57 Forward P/E Ratio23.29 P/E GrowthN/ANet Income$671.80 million Net Margins18.80% Pretax Margin24.52% Return on Equity14.88% Return on Assets5.10% Debt Debt-to-Equity Ratio0.80 Current Ratio1.89 Quick Ratio1.89 Sales & Book Value Annual Sales$3.57 billion Price / Sales4.60 Cash Flow$2.98 per share Price / Cash Flow19.45 Book Value$16.26 per share Price / Book3.57Miscellaneous Outstanding Shares283,220,000Free Float236,009,000Market Cap$16.42 billion OptionableOptionable Beta0.74 Social Links Key ExecutivesJ. Powell BrownPresident, Chief Executive Officer & DirectorRichard A. FreebournSenior Vice President-Internal OperationsR. Andrew WattsChief Financial Officer, Treasurer & Executive VPGray NesterChief Information Officer & Executive VPKiet TranChief Technology OfficerKey CompetitorsArthur J. Gallagher & Co.NYSE:AJGErie IndemnityNASDAQ:ERIEEquitableNYSE:EQHRyan SpecialtyNYSE:RYANWillis Towers Watson PublicNASDAQ:WTWView All CompetitorsInsiders & InstitutionsHWG Holdings LPBought 1,349 shares on 1/31/2023Ownership: 0.026%AE Wealth Management LLCBought 2,874 shares on 1/31/2023Ownership: 0.022%Keybank National Association OHSold 3,484 shares on 1/31/2023Ownership: 0.006%Everence Capital Management Inc.Bought 15,040 shares on 1/31/2023Ownership: 0.005%AIA Group LtdBought 4,262 shares on 1/31/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions BRO Stock - Frequently Asked Questions Should I buy or sell Brown & Brown stock right now? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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. View BRO analyst ratings or view top-rated stocks. What is Brown & Brown's stock price forecast for 2023? 9 analysts have issued twelve-month price objectives 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 $66.30 in the next year. This suggests a possible upside of 13.2% 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 2023. Since then, BRO stock has increased by 2.8% and is now trading at $58.56. View the best growth stocks for 2023 here. Are investors shorting Brown & Brown? Brown & Brown saw a drop in short interest during the month of December. As of December 30th, there was short interest totaling 3,320,000 shares, a drop of 6.7% from the December 15th total of 3,560,000 shares. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.4% of the shares of the company are short sold. 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, April 24th 2023. View our BRO earnings forecast. How were Brown & Brown's earnings last quarter? Brown & Brown, Inc. (NYSE:BRO) posted its quarterly earnings results on Tuesday, January, 24th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. The financial services provider earned $901.40 million during the quarter, compared to analysts' expectations of $897.98 million. Brown & Brown had a trailing twelve-month return on equity of 14.88% and a net margin of 18.80%. The company's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share. How often does Brown & Brown pay dividends? What is the dividend yield for Brown & Brown? Brown & Brown announced a quarterly dividend on Wednesday, January 18th. Investors of record on Friday, February 3rd will be paid a dividend of $0.115 per share on Wednesday, February 15th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Thursday, February 2nd. Read our dividend analysis for BRO. Is Brown & Brown a good dividend stock? Brown & Brown (NYSE:BRO) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.80%. 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 16.61% 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? Shares of Brown & Brown split on Thursday, March 29th 2018. The 2-1 split was announced on Monday, February 26th 2018. The newly created 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. 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). 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 investors include Allspring Global Investments Holdings LLC (2.00%), Fenimore Asset Management Inc. (0.96%), Close Asset Management Ltd (0.46%), Scout Investments Inc. (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.25%) and Boston Financial Mangement LLC (0.23%). Insiders that own company stock include Chris L Walker, 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. 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. What is Brown & Brown's stock price today? One share of BRO stock can currently be purchased for approximately $58.56. How much money does Brown & Brown make? Brown & Brown (NYSE:BRO) has a market capitalization of $16.59 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. How many employees does Brown & Brown have? The company employs 12,023 workers across the globe. How can I contact Brown & Brown? 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. This page (NYSE:BRO) was last updated on 2/1/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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