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NYSE:BRO

Brown & Brown - BRO Stock Forecast, Price & News

$57.99
-0.57 (-0.97%)
(As of 02/1/2023 01:43 PM ET)
Add
Compare
Today's Range
$57.89
$58.84
50-Day Range
$55.41
$61.96
52-Week Range
$52.91
$74.00
Volume
550,231 shs
Average Volume
1.30 million shs
Market Capitalization
$16.42 billion
P/E Ratio
24.57
Dividend Yield
0.80%
Price Target
$66.30

Brown & Brown MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
13.7% Upside
$66.30 Price Target
Short Interest
Healthy
1.31% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.20mentions of Brown & Brown in the last 14 days
Based on 105 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.24%
From $2.49 to $2.77 Per Share

Overall MarketRank

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

2.77 out of 5 stars

Finance Sector

142nd out of 895 stocks

Insurance Agents, Brokers, & Service Industry

3rd out of 18 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

Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Jaylen Brown Player Prop Bets: Celtics vs. Nets | February 1
Why Is My Discharge Brown? Experts Explain
Huge Upside Potential With "Staggering" Solar Demand
Global solar demand is "staggering" right now, according to Bloomberg. Solar installations are set to grow 30% this year alone. And the boom is just beginning, with increasing adoption of solar by commercial, non-profit, and public entities. With only 1% of commercial electricity demand served by on-site solar globally, there is HUGE opportunity for growth.
See More Headlines
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BRO Company Calendar

Ex-Dividend for 11/16 Dividend
11/01/2022
Dividend Payable
11/16/2022
Last Earnings
1/24/2023
Today
2/01/2023
Ex-Dividend for 2/15 Dividend
2/02/2023
Dividend Payable
2/15/2023
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
12,023
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
+14.3%
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
$2.98 per share
Book Value
$16.26 per share

Miscellaneous

Free Float
236,009,000
Market Cap
$16.42 billion
Optionable
Optionable
Beta
0.74

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 analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last year. There are currently 6 hold ratings and 3 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 2023?

9 analysts have issued twelve-month price objectives for Brown & Brown's stock. 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 year. This suggests a possible upside of 13.2% 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 2023?

Brown & Brown's stock was trading at $56.97 at the beginning of 2023. Since then, BRO stock has increased by 2.8% and is now trading at $58.56.
View the best growth stocks for 2023 here
.

Are investors shorting Brown & Brown?

Brown & Brown saw a drop in short interest during the month of December. As of December 30th, there was short interest totaling 3,320,000 shares, a drop of 6.7% from the December 15th total of 3,560,000 shares. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.4% 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 quarterly earnings results on Tuesday, January, 24th. The financial services provider reported $0.50 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 trailing twelve-month return on equity of 14.88% and a net margin of 18.80%. The company's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share.

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. Investors of record on Friday, February 3rd will be paid a dividend of $0.115 per share on Wednesday, February 15th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date 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 0.80%. 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 16.61% 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 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.

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 retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.00%), Fenimore Asset Management Inc. (0.96%), Close Asset Management Ltd (0.46%), Scout Investments Inc. (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.25%) and Boston Financial Mangement LLC (0.23%). Insiders that own company stock include Chris L Walker, 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 $58.56.

How much money does Brown & Brown make?

Brown & Brown (NYSE:BRO) has a market capitalization of $16.59 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 12,023 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 2/1/2023 by MarketBeat.com Staff