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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
3 Free Stock Picks per Day (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
3 Free Stock Picks per Day (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
3 Free Stock Picks per Day (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
NYSE:BRO

Brown & Brown (BRO) Stock Forecast, Price & News

$62.87
-0.22 (-0.35%)
(As of 05/26/2023 ET)
Compare
Today's Range
$62.75
$63.60
50-Day Range
$54.35
$66.36
52-Week Range
$52.82
$68.43
Volume
986,316 shs
Average Volume
1.04 million shs
Market Capitalization
$17.83 billion
P/E Ratio
25.98
Dividend Yield
0.73%
Price Target
$66.64

Brown & Brown MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
6.0% Upside
$66.64 Price Target
Short Interest
Healthy
1.19% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.26mentions of Brown & Brown in the last 14 days
Based on 100 Articles This Week
Insider Trading
Selling Shares
$66 Sold Last Quarter
Proj. Earnings Growth
9.13%
From $2.52 to $2.75 Per Share

Overall MarketRank

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

2.48 out of 5 stars

Finance Sector

450th out of 903 stocks

Insurance Agents, Brokers, & Service Industry

5th out of 19 stocks


BRO stock logo

About Brown & Brown (NYSE:BRO) Stock

Brown & 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 sec

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BRO Stock News Headlines

[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Brown & Brown (NYSE:BRO) Downgraded by StockNews.com
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
What scouting reports said about Titans UDFA DL Shakel Brown
See More Headlines
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BRO Company Calendar

Last Earnings
1/24/2023
Ex-Dividend for 5/17 Dividend
5/05/2023
Dividend Payable
5/17/2023
Today
5/27/2023
Next Earnings (Estimated)
7/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Insurance agents, brokers, & service
Sub-Industry
Insurance Brokers
Sector
Finance
CUSIP
11523610
Employees
15,201
Year Founded
1939

Price Target and Rating

Average Stock Price Forecast
$66.64
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$59.00
Forecasted Upside/Downside
+6.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$671.80 million
Pretax Margin
23.92%

Debt

Sales & Book Value

Annual Sales
$3.57 billion
Cash Flow
$2.93 per share
Book Value
$17.08 per share

Miscellaneous

Free Float
235,368,000
Market Cap
$17.83 billion
Optionable
Optionable
Beta
0.75

Social Links


Key Executives

  • J. Powell Brown
    President, Chief Executive Officer & Director
  • R. Andrew Watts
    Chief Financial Officer, Treasurer & Executive VP
  • Gray Nester
    Chief Information Officer & Executive VP
  • Kiet Tran
    Chief Technology Officer
  • Jerome Scott Penny
    Chief Acquisitions Officer & Executive VP













BRO Stock - Frequently Asked Questions

Should I buy or sell Brown & Brown stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BRO shares.
View BRO analyst ratings
or view top-rated stocks.

What is Brown & Brown's stock price forecast for 2023?

9 Wall Street research analysts have issued 1 year target prices for Brown & Brown's stock. Their BRO share price forecasts range from $59.00 to $75.00. On average, they anticipate the company's share price to reach $66.64 in the next twelve months. This suggests a possible upside of 6.0% 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 the year. Since then, BRO shares have increased by 10.4% and is now trading at $62.87.
View the best growth stocks for 2023 here
.

Are investors shorting Brown & Brown?

Brown & Brown saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,810,000 shares, a decline of 6.6% from the April 30th total of 3,010,000 shares. Based on an average trading volume of 1,270,000 shares, the short-interest ratio is currently 2.2 days. Currently, 1.2% 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, July 24th 2023.
View our BRO earnings forecast
.

How were Brown & Brown's earnings last quarter?

Brown & Brown, Inc. (NYSE:BRO) announced its quarterly earnings results on Tuesday, January, 24th. The financial services provider reported $0.50 earnings per share (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 net margin of 18.15% and a trailing twelve-month return on equity of 14.80%. The company's revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share.

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

Brown & Brown declared a quarterly dividend on Monday, April 24th. Investors of record on Monday, May 8th will be given a dividend of $0.115 per share on Wednesday, May 17th. This represents a $0.46 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Friday, May 5th.
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 0.73%. 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 19.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRO will have a dividend payout ratio of 16.73% 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 on the morning of Thursday, March 29th 2018. The 2-1 split was announced on Monday, February 26th 2018. The newly created shares were issued 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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.91%), Select Equity Group L.P. (5.82%), Principal Financial Group Inc. (4.14%), State Street Corp (3.84%), Allspring Global Investments Holdings LLC (2.03%) and Geode Capital Management LLC (1.86%). 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
.

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 $62.87.

How much money does Brown & Brown make?

Brown & Brown (NYSE:BRO) has a market capitalization of $17.83 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 $2.42 on an earnings per share basis.

How many employees does Brown & Brown have?

The company employs 15,201 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 5/27/2023 by MarketBeat.com Staff

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