NYSE:BRO - Brown & Brown Stock Price, Price Target & More

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$28.97 +0.22 (+0.77 %)
(As of 07/16/2018 03:55 PM ET)
Previous Close$28.81
Today's Range$28.68 - $28.99
52-Week Range$21.15 - $28.83
Volume25,370 shs
Average Volume803,757 shs
Market Capitalization$7.94 billion
P/E Ratio29.95
Dividend Yield1.04%
Beta0.69
Brown & Brown logoBrown & Brown, Inc. markets and sells insurance products in the United States, England, Canada, Bermuda, and the Cayman Islands. Its Retail segment offers property insurance relating to physical damage to property and resultant interruption of business, or extra expense caused by fire, windstorm, or other perils; casualty insurance relating to legal liabilities, professional liability, cyber-liability, workers' compensation, and commercial and private passenger automobile coverages; fidelity and surety bonds; and life, accident, disability, health, hospitalization, medical, dental, and other ancillary insurance products, as well as risk management, loss control surveys and analysis, consultation, and claims processing services. Its National Programs segment offers professional liability and related package insurance products for dentists, oral surgeons, hygienists, lawyers, certified public accountants, optometrists, opticians, ophthalmologists, insurance agents, financial advisors, registered representatives, securities broker-dealers, benefit administrators, real estate brokers and 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. Its Wholesale Brokerage segment markets and sells excess and surplus commercial insurance products to retail insurance agencies. Its 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. The company was founded in 1939 and is headquartered in Daytona Beach, Florida.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Insurance agents, brokers, & service
Sub-IndustryInsurance Brokers
SectorFinance
SymbolNYSE:BRO
CUSIP11523610
Phone386-252-9601

Debt

Debt-to-Equity Ratio0.31
Current Ratio1.03
Quick Ratio1.03

Price-To-Earnings

Trailing P/E Ratio29.95
Forward P/E Ratio23.36
P/E Growth2.32

Sales & Book Value

Annual Sales$1.88 billion
Price / Sales4.25
Cash Flow$1.4084 per share
Price / Cash20.57
Book Value$9.35 per share
Price / Book3.10

Profitability

EPS (Most Recent Fiscal Year)$0.96
Net Income$399.63 million
Net Margins21.92%
Return on Equity12.04%
Return on Assets5.15%

Miscellaneous

Employees1,990
Outstanding Shares276,240,000
Market Cap$7,941.96

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Brown & Brown (NYSE:BRO) Frequently Asked Questions

What is Brown & Brown's stock symbol?

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

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

Brown & Brown declared a quarterly dividend on Thursday, July 12th. Investors of record on Wednesday, August 8th will be given a dividend of $0.075 per share on Wednesday, August 15th. This represents a $0.30 annualized dividend and a yield of 1.04%. View Brown & Brown's Dividend History.

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

Shares of Brown & Brown split before market open 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 Brown & Brown stock prior to the split would have 200 shares after the split.

How were Brown & Brown's earnings last quarter?

Brown & Brown, Inc. (NYSE:BRO) announced its quarterly earnings results on Monday, April, 23rd. The financial services provider reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. The financial services provider had revenue of $501.50 million for the quarter, compared to the consensus estimate of $491 million. Brown & Brown had a return on equity of 12.04% and a net margin of 21.92%. The firm's revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 EPS. View Brown & Brown's Earnings History.

When is Brown & Brown's next earnings date?

Brown & Brown is scheduled to release their next quarterly earnings announcement on Monday, July, 23rd 2018. View Earnings Estimates for Brown & Brown.

What price target have analysts set for BRO?

11 Wall Street analysts have issued twelve-month price objectives for Brown & Brown's shares. Their forecasts range from $22.50 to $31.00. On average, they anticipate Brown & Brown's share price to reach $26.3333 in the next year. This suggests that the stock has a possible downside of 9.1%. View Analyst Ratings for Brown & Brown.

What is the consensus analysts' recommendation for Brown & Brown?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last year. There are currently 3 sell ratings, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

What are Wall Street analysts saying about Brown & Brown stock?

Here are some recent quotes from research analysts about Brown & Brown stock:
  • 1. According to Zacks Investment Research, "Shares of Brown & Brown have outperformed the industry year to date. Also, the company witnessed its 2018 and 2019 estimates move north over the last 60 days. Brown & Brown’s compelling portfolio with impressive growth is driven by organic and inorganic initiatives. Plus, a solid capital position drives the company well for long- term growth. A solid performance is boosting cash flow, which should help the company deploy capital in shareholder-friendly moves. However, increased financial leverage and an exposure to currency exchange rate fluctuations are headwinds. Also, heavy dependence on limited clients for commission revenues raises caution. Moreover, escalating expenses are likely to hurt margins." (6/4/2018)
  • 2. Wells Fargo & Co analysts commented, "We are updating our BRO model to reflect: (1) updating the segment estimates within our model after BRO filed its 10Q; and (2) the $50 million accelerated share repurchase program, which BRO entered into today (8/15). We also followed up with the company post earnings. As a result, we are fine tuning our numbers – and while we have made some adjustments to our quarterly estimates (for lower contingents in the Q3) our full year estimates are unchanged (due to a lower share count assumption from the ASR BRO announced today). Our consolidated earnings model is included in the back of this note." (8/15/2017)

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

Who are Brown & Brown's key executives?

Brown & Brown's management team includes the folowing people:
  • Mr. J. Powell Brown, CEO, Pres & Director (Age 50)
  • Mr. R. Andrew Watts, Exec. VP, CFO & Treasurer (Age 49)
  • Mr. J. Scott Penny CIC, Exec. VP & Chief Acquisitions Officer (Age 51)
  • Mr. Anthony T. Strianese, Exec. VP & Pres of Wholesale Brokerage Division (Age 56)
  • Mr. Chris L. Walker, Exec. VP & Pres of National Programs Division (Age 60)

Has Brown & Brown been receiving favorable news coverage?

Media coverage about BRO stock has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brown & Brown earned a media sentiment score of 0.22 on Accern's scale. They also gave news headlines about the financial services provider an impact score of 46.49 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Who are Brown & Brown's major shareholders?

Brown & Brown's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Fenimore Asset Management Inc. (1.02%), Confluence Investment Management LLC (0.38%), Tandem Investment Advisors Inc. (0.17%), Bank of Montreal Can (0.13%), Park National Corp OH (0.06%) and Xact Kapitalforvaltning AB (0.01%). Company insiders that own Brown & Brown stock include Anthony T Strianese, Hyatt J Brown, Jerome Scott Penny, Michael Waldkirch, Richard Freebourn, Richard Silas and Robert W Lloyd. View Institutional Ownership Trends for Brown & Brown.

Which institutional investors are selling Brown & Brown stock?

BRO stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Fenimore Asset Management Inc. and Park National Corp OH. Company insiders that have sold Brown & Brown company stock in the last year include Anthony T Strianese, Hyatt J Brown, Michael Waldkirch and Richard Silas. View Insider Buying and Selling for Brown & Brown.

Which institutional investors are buying Brown & Brown stock?

BRO stock was acquired by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC, CENTRAL TRUST Co, Raymond James Trust N.A., Cacti Asset Management LLC, Rowland & Co. Investment Counsel ADV, State of Alaska Department of Revenue, Xact Kapitalforvaltning AB and Tandem Investment Advisors Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Brown & Brown's stock price today?

One share of BRO stock can currently be purchased for approximately $28.97.

How big of a company is Brown & Brown?

Brown & Brown has a market capitalization of $7.94 billion and generates $1.88 billion in revenue each year. The financial services provider earns $399.63 million in net income (profit) each year or $0.96 on an earnings per share basis. Brown & Brown employs 1,990 workers across the globe.

How can I contact Brown & Brown?

Brown & Brown's mailing address is 220 S. RIDGEWOOD AVE., DAYTONA BEACH FL, 32114. The financial services provider can be reached via phone at 386-252-9601.


MarketBeat Community Rating for Brown & Brown (NYSE BRO)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  257 (Vote Outperform)
Underperform Votes:  399 (Vote Underperform)
Total Votes:  656
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.
This page was last updated on 7/16/2018 by MarketBeat.com Staff

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