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NYSE:BRO

Brown & Brown - BRO Stock Forecast, Price & News

$67.55
+1.01 (+1.52%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$66.84
$67.59
50-Day Range
$53.28
$67.55
52-Week Range
$52.91
$74.00
Volume
1.39 million shs
Average Volume
1.74 million shs
Market Capitalization
$19.08 billion
P/E Ratio
31.27
Dividend Yield
0.62%
Price Target
$69.00

Brown & Brown MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
2.1% Upside
$69.00 Price Target
Short Interest
Healthy
1.76% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.01mentions of Brown & Brown in the last 14 days
Based on 73 Articles This Week
Insider Trading
Acquiring Shares
$98,910 Bought Last Quarter
Proj. Earnings Growth
10.82%
From $2.31 to $2.56 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.39 out of 5 stars

Finance Sector

474th out of 918 stocks

Insurance Agents, Brokers, & Service Industry

6th out of 18 stocks

BRO stock logo

About Brown & Brown (NYSE:BRO) Stock

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, 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 dentistry, legal, eyecare, insurance, financial, physicians, real estate title professionals, 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. The company was founded in 1939 and is headquartered in Daytona Beach, Florida.

Analysts Set New Price Targets

Several research firms have commented on BRO. Truist Financial dropped their price objective on shares of Brown & Brown from $82.00 to $75.00 in a research note on Monday, July 18th. Morgan Stanley reduced their target price on shares of Brown & Brown from $70.00 to $64.00 and set an "equal weight" rating for the company in a report on Monday, May 23rd. Jefferies Financial Group dropped their target price on Brown & Brown from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, July 12th. Wells Fargo & Company decreased their price target on Brown & Brown to $66.00 and set an "outperform" rating for the company in a report on Wednesday, July 27th. Finally, UBS Group started coverage on Brown & Brown in a research note on Monday, April 18th. They issued a "neutral" rating and a $76.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Brown & Brown presently has an average rating of "Hold" and an average target price of $69.00.

Brown & Brown Price Performance

Shares of NYSE:BRO traded up $0.72 during trading on Friday, reaching $67.26. The company had a trading volume of 45,394 shares, compared to its average volume of 1,050,896. Brown & Brown has a twelve month low of $52.91 and a twelve month high of $74.00. The stock has a market capitalization of $19.00 billion, a PE ratio of 30.81 and a beta of 0.80. The stock has a 50-day moving average price of $59.83 and a two-hundred day moving average price of $63.45. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 0.97.

Brown & Brown (NYSE:BRO - Get Rating) last released its earnings results on Monday, July 25th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. Brown & Brown had a return on equity of 15.36% and a net margin of 18.86%. The firm had revenue of $838.70 million during the quarter, compared to analyst estimates of $803.46 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The business's quarterly revenue was up 15.5% compared to the same quarter last year. As a group, sell-side analysts predict that Brown & Brown will post 2.31 earnings per share for the current year.

Brown & Brown Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 17th. Shareholders of record on Wednesday, August 10th will be given a dividend of $0.102 per share. This represents a $0.41 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Tuesday, August 9th. Brown & Brown's dividend payout ratio (DPR) is presently 18.98%.

Insider Buying and Selling at Brown & Brown

In related news, Director Lawrence L. Gellerstedt III bought 1,800 shares of the firm's stock in a transaction dated Thursday, May 19th. The stock was bought at an average price of $54.95 per share, with a total value of $98,910.00. Following the completion of the transaction, the director now directly owns 12,884 shares of the company's stock, valued at $707,975.80. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 17.02% of the stock is owned by company insiders.

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BRO Stock News Headlines

A Breakout Stock Is On The Way
First movers have always done well. Could this stock be next?
A Breakout Stock Is On The Way
First movers have always done well. Could this stock be next?
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BRO Company Calendar

Ex-Dividend for 5/18 Dividend
5/06/2022
Dividend Payable
5/18/2022
Last Earnings
7/25/2022
Ex-Dividend for 8/17 Dividend
8/09/2022
Today
8/12/2022
Dividend Payable
8/17/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Insurance agents, brokers, & service
Sub-Industry
Insurance Brokers
Sector
Finance
CUSIP
11523610
Employees
12,023
Year Founded
1939

Price Target and Rating

Average Stock Price Forecast
$69.00
High Stock Price Forecast
$76.00
Low Stock Price Forecast
$61.00
Forecasted Upside/Downside
+2.1%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$587.10 million
Pretax Margin
24.63%

Debt

Sales & Book Value

Annual Sales
$3.05 billion
Cash Flow
$2.80 per share
Book Value
$15.16 per share

Miscellaneous

Free Float
234,380,000
Market Cap
$19.08 billion
Optionable
Optionable
Beta
0.80

Social Links


Key Executives

  • Mr. J. Powell Brown C.P.C.U. (Age 54)
    CPCU, CEO, Pres & Director
    Comp: $6.26M
  • Mr. R. Andrew Watts (Age 53)
    Exec. VP, CFO & Treasurer
    Comp: $2.36M
  • Mr. J. Scott Penny C.I.C. (Age 55)
    CIC, Exec. VP & Chief Acquisitions Officer
    Comp: $2.9M
  • Mr. Chris L. Walker (Age 64)
    Exec. VP & Pres of National Programs Segment
    Comp: $3.24M
  • Mr. P. Barrett Brown (Age 49)
    Exec. VP & Pres of Retail Segment
    Comp: $3.22M
  • Mr. Kiet Tran
    Chief Technology Officer
  • Mr. Kenneth Gray Nester II (Age 46)
    Exec. VP & Chief Information Officer
  • Mr. Robert W. Lloyd C.I.C. (Age 57)
    C.P.C.U., ESQ., CIC, Exec. VP, Gen. Counsel & Corp. Sec.
  • Jenny Goco
    Director of Communications
  • Ms. Julie L. Turpin (Age 51)
    Exec. VP & Chief People Officer













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 5 hold ratings and 4 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 2022?

9 brokerages have issued 1-year target prices for Brown & Brown's stock. Their BRO share price forecasts range from $61.00 to $76.00. On average, they predict the company's share price to reach $69.00 in the next year. This suggests a possible upside of 2.8% 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 2022?

Brown & Brown's stock was trading at $70.28 at the beginning of 2022. Since then, BRO shares have decreased by 4.5% and is now trading at $67.11.
View the best growth stocks for 2022 here
.

Are investors shorting Brown & Brown?

Brown & Brown saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 4,130,000 shares, a decline of 22.9% from the June 30th total of 5,360,000 shares. Based on an average trading volume of 1,800,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.8% of the shares of the company are sold short.
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, October 24th 2022.
View our BRO earnings forecast
.

How were Brown & Brown's earnings last quarter?

Brown & Brown, Inc. (NYSE:BRO) released its quarterly earnings data on Monday, July, 25th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. The financial services provider had revenue of $838.70 million for the quarter, compared to the consensus estimate of $803.46 million. Brown & Brown had a net margin of 18.86% and a trailing twelve-month return on equity of 15.36%. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS.

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

Brown & Brown declared a quarterly dividend on Wednesday, July 20th. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.102 per share on Wednesday, August 17th. This represents a $0.41 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Tuesday, August 9th.
Read our dividend analysis for BRO
.

Is Brown & Brown a good dividend stock?

Brown & Brown (NYSE:BRO) pays an annual dividend of $0.41 per share and currently has a dividend yield of 0.62%. The company has been increasing its dividend for 28 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 18.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRO will have a dividend payout ratio of 16.02% 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?

Brown & Brown shares 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 payable 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.

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 institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (3.39%), Allspring Global Investments Holdings LLC (2.19%), Clarkston Capital Partners LLC (1.05%), Fenimore Asset Management Inc. (0.92%), ProShare Advisors LLC (0.88%) and CIBC Private Wealth Group LLC (0.84%). Insiders that own company stock include Chris L Walker, H Palmer Proctor Jr, Hugh M Brown, Hyatt J Brown, James Charles Hays, Jerome Scott Penny, 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 $67.11.

How much money does Brown & Brown make?

Brown & Brown (NYSE:BRO) has a market capitalization of $18.96 billion and generates $3.05 billion in revenue each year. The financial services provider earns $587.10 million in net income (profit) each year or $2.16 on an earnings per share basis.

How many employees does Brown & Brown have?

The company employs 12,023 workers across the globe.

When was Brown & Brown founded?

Brown & Brown was founded in 1939.

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 8/12/2022 by MarketBeat.com Staff

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