Brown & Brown - BRO Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BRO shares.
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8 brokers have issued 1-year price objectives for Brown & Brown's stock. Their BRO share price forecasts range from $66.00 to $76.00. On average, they predict the company's stock price to reach $70.63 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price.
View analysts price targets for BRO or view top-rated stocks among Wall Street analysts.

Brown & Brown's stock was trading at $70.28 at the beginning of the year. Since then, BRO shares have decreased by 9.9% and is now trading at $63.30.
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Brown & Brown saw a drop in short interest in August. As of August 31st, there was short interest totaling 2,920,000 shares, a drop of 23.2% from the August 15th total of 3,800,000 shares. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.2% of the shares of the company are short sold.
View Brown & Brown's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our BRO earnings forecast.

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

Brown & Brown announced a quarterly dividend on Wednesday, July 20th. Stockholders of record on Wednesday, August 10th will be paid 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 0.64%. The ex-dividend date of this dividend is Tuesday, August 9th.
Read our dividend analysis for BRO.

Brown & Brown (NYSE:BRO) pays an annual dividend of $0.41 per share and currently has a dividend yield of 0.66%. 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.

Brown & Brown shares 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.

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.

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 variety of institutional and retail investors. Top institutional shareholders include Confluence Investment Management LLC (0.22%), Park National Corp OH (0.02%), Symmetry Partners LLC (0.00%) and Wedmont Private Capital (0.00%). 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.
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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 $63.30.

Brown & Brown (NYSE:BRO) has a market capitalization of $17.88 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.

The company employs 12,023 workers across the globe.

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.