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NYSE:BRO

Brown & Brown - BRO Stock Forecast, Price & News

$66.54
+0.17 (+0.26%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$66.26
$67.35
50-Day Range
$53.28
$66.37
52-Week Range
$52.91
$74.00
Volume
690,625 shs
Average Volume
1.74 million shs
Market Capitalization
$18.79 billion
P/E Ratio
30.81
Dividend Yield
0.62%
Price Target
$69.00

Brown & Brown MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
3.7% 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
-0.04mentions 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.

2.33 out of 5 stars

Finance Sector

483rd out of 920 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

A number of research analysts recently weighed in on BRO shares. Wells Fargo & Company decreased their target price on Brown & Brown to $66.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. Morgan Stanley decreased their target price on Brown & Brown from $70.00 to $64.00 and set an "equal weight" rating on the stock in a report on Monday, May 23rd. Jefferies Financial Group decreased their target price on Brown & Brown from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, July 12th. Truist Financial decreased their target price on Brown & Brown from $82.00 to $75.00 in a report on Monday, July 18th. Finally, UBS Group began coverage on Brown & Brown in a report on Monday, April 18th. They set a "neutral" rating and a $76.00 target price on the stock. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Brown & Brown has a consensus rating of "Hold" and a consensus price target of $69.00.

Brown & Brown Price Performance

Shares of NYSE:BRO traded up $0.17 during trading on Thursday, reaching $66.54. 699,179 shares of the company traded hands, compared to its average volume of 1,738,144. The company's 50 day moving average is $59.69 and its two-hundred day moving average is $63.43. The firm has a market capitalization of $18.79 billion, a PE ratio of 31.03 and a beta of 0.80. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 0.97. Brown & Brown has a 52 week low of $52.91 and a 52 week high of $74.00.

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

Brown & Brown Dividend Announcement

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

Insider Activity

In related news, Director Lawrence L. Gellerstedt III bought 1,800 shares of the business's stock in a transaction dated Thursday, May 19th. The stock was purchased at an average cost of $54.95 per share, for a total transaction of $98,910.00. Following the transaction, the director now owns 12,884 shares in the company, valued at approximately $707,975.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 17.02% of the company's stock.

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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
8/11/2022
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
+3.7%
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
$2.79 per share
Book Value
$15.16 per share

Miscellaneous

Free Float
234,380,000
Market Cap
$18.79 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 brokers have issued twelve-month price targets for Brown & Brown's stock. Their BRO share price forecasts range from $61.00 to $76.00. On average, they predict the company's stock price to reach $69.00 in the next twelve months. This suggests a possible upside of 3.2% 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 the year. Since then, BRO shares have decreased by 4.9% and is now trading at $66.84.
View the best growth stocks for 2022 here
.

Are investors shorting Brown & Brown?

Brown & Brown saw a drop in short interest in July. As of July 15th, there was short interest totaling 4,130,000 shares, a drop of 22.9% from the June 30th total of 5,360,000 shares. Based on an average daily volume of 1,800,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.8% of the company's stock 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 results on Monday, July, 25th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates 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%. Brown & Brown's revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last 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. Investors 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 annualized dividend and a dividend yield of 0.61%. The ex-dividend date 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 0.63%. 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?

Shares of Brown & Brown split on the morning of Thursday, March 29th 2018. The 2-1 split was announced on Monday, February 26th 2018. The newly minted shares were distributed 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 shareholders 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 $66.84.

How much money does Brown & Brown make?

Brown & Brown (NYSE:BRO) has a market capitalization of $18.88 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.

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 8/11/2022 by MarketBeat.com Staff

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