Brown & Brown - BRO Stock Forecast, Price & News

9 Wall Street research 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 research analysts is that investors should "hold" Brown & Brown stock. 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 Wall Street analysts have issued 1-year target prices for Brown & Brown's shares. Their BRO stock forecasts range from $61.00 to $76.00. On average, they expect Brown & Brown's share price to reach $69.00 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price.
View analysts' price targets for Brown & Brown or view top-rated stocks among Wall Street analysts.

Brown & Brown's stock was trading at $70.28 at the beginning of 2022. Since then, BRO shares have decreased by 7.7% and is now trading at $64.90.
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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 daily trading volume, of 1,800,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.8% of the company's shares are sold short.
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Brown & Brown is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our earnings forecast for Brown & Brown.

Brown & Brown, Inc. (NYSE:BRO) announced 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 trailing twelve-month return on equity of 15.36% and a net margin of 18.86%. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS.

Brown & Brown announced a quarterly dividend on Wednesday, July 20th. Investors 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 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Tuesday, August 9th.
View Brown & Brown's dividend history.

Brown & Brown(NYSE:BRO) pays an annual dividend of $0.41 per share and currently has a dividend yield of 0.63%. Brown & Brown 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 of Brown & Brown is 18.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Brown & Brown will have a dividend payout ratio of 16.02% next year. This indicates that Brown & Brown will be able to sustain or increase its dividend.
View Brown & Brown's dividend history.

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 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.

232 employees have rated Brown & Brown CEO J. Powell Brown on Glassdoor.com. J. Powell Brown has an approval rating of 88% among Brown & Brown'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 number of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.19%), Fenimore Asset Management Inc. (0.92%), ProShare Advisors LLC (0.88%), CIBC Private Wealth Group LLC (0.84%), Scout Investments Inc. (0.48%) and Assenagon Asset Management S.A. (0.37%). Company insiders that own Brown & Brown 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 for 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.
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One share of BRO stock can currently be purchased for approximately $64.90.

Brown & Brown (NYSE:BRO) has a market capitalization of $18.33 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.

Brown & Brown employs 12,023 workers across the globe.

Brown & Brown was founded in 1939.

Brown & Brown's mailing address is 220 South Ridgewood Avenue, Daytona Beach FL, 32114. The official website for Brown & Brown is www.bbinsurance.com. The financial services provider can be reached via phone at (386) 252-9601 or via fax at 386-239-5729.