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F   11.54 (+0.17%)
MU   58.53 (-2.11%)
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NYSE:BRO

Brown & Brown - BRO Stock Forecast, Price & News

$55.56
-0.23 (-0.41%)
(As of 03/28/2023 01:21 PM ET)
Add
Compare
Today's Range
$55.56
$56.03
50-Day Range
$53.43
$61.96
52-Week Range
$52.82
$74.00
Volume
232,569 shs
Average Volume
1.17 million shs
Market Capitalization
$15.76 billion
P/E Ratio
23.54
Dividend Yield
0.83%
Price Target
$66.30

Brown & Brown MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
19.0% Upside
$66.30 Price Target
Short Interest
Healthy
1.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.21mentions of Brown & Brown in the last 14 days
Based on 95 Articles This Week
Insider Trading
Acquiring Shares
$196,928 Bought Last Quarter
Proj. Earnings Growth
10.93%
From $2.47 to $2.74 Per Share

Overall MarketRank

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

2.62 out of 5 stars

Finance Sector

370th out of 891 stocks

Insurance Agents, Brokers, & Service Industry

6th out of 17 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

The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Jaylen Brown Player Prop Bets: Celtics vs. Wizards | March 28
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
QB Elijah Brown Working on Top Five
Jaylen Brown Player Prop Bets: Celtics vs. Spurs | March 26
See More Headlines
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BRO Company Calendar

Last Earnings
1/24/2023
Ex-Dividend for 2/15 Dividend
2/02/2023
Dividend Payable
2/15/2023
Today
3/28/2023
Next Earnings (Estimated)
4/24/2023
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
$66.30
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$59.00
Forecasted Upside/Downside
+18.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$671.80 million
Pretax Margin
24.52%

Debt

Sales & Book Value

Annual Sales
$3.57 billion
Cash Flow
$2.96 per share
Book Value
$16.26 per share

Miscellaneous

Free Float
236,406,000
Market Cap
$15.83 billion
Optionable
Optionable
Beta
0.75

Social Links


Key Executives

  • J. Powell Brown
    President, Chief Executive Officer & Director
  • Richard A. Freebourn
    Senior Vice President-Internal Operations
  • R. Andrew Watts
    Chief Financial Officer, Treasurer & Executive VP
  • Gray Nester
    Chief Information Officer & Executive VP
  • Kiet Tran
    Chief Technology Officer













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 twelve months. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 2023?

9 Wall Street research analysts have issued twelve-month price targets for Brown & Brown's shares. Their BRO share price forecasts range from $59.00 to $75.00. On average, they expect the company's share price to reach $66.30 in the next twelve months. This suggests a possible upside of 18.8% 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 2023?

Brown & Brown's stock was trading at $56.97 on January 1st, 2023. Since then, BRO shares have decreased by 2.1% and is now trading at $55.79.
View the best growth stocks for 2023 here
.

Are investors shorting Brown & Brown?

Brown & Brown saw a decline in short interest in February. As of February 28th, there was short interest totaling 3,210,000 shares, a decline of 10.8% from the February 13th total of 3,600,000 shares. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is currently 2.9 days. Approximately 1.3% of the shares of the company are short sold.
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, April 24th 2023.
View our BRO earnings forecast
.

How were Brown & Brown's earnings last quarter?

Brown & Brown, Inc. (NYSE:BRO) posted its earnings results on Tuesday, January, 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping 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 trailing twelve-month return on equity of 14.88% and a net margin of 18.80%. The company's revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS.

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

Brown & Brown announced a quarterly dividend on Wednesday, January 18th. Stockholders of record on Friday, February 3rd will be given a dividend of $0.115 per share on Wednesday, February 15th. This represents a $0.46 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, February 2nd.
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 0.83%. 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 19.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRO will have a dividend payout ratio of 16.79% 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's stock 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 payable 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 number of institutional and retail investors. Top institutional investors include Select Equity Group L.P. (6.09%), Principal Financial Group Inc. (3.96%), Morgan Stanley (3.35%), Allspring Global Investments Holdings LLC (2.00%), Geode Capital Management LLC (1.83%) and First Eagle Investment Management LLC (1.69%). 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 $55.79.

How much money does Brown & Brown make?

Brown & Brown (NYSE:BRO) has a market capitalization of $15.83 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 $2.36 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 3/28/2023 by MarketBeat.com Staff