Brown & Brown - BRO Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last year. There are currently 5 hold ratings and 2 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.
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7 Wall Street research analysts have issued 1 year target prices for Brown & Brown's stock. Their BRO share price forecasts range from $60.00 to $75.00. On average, they anticipate the company's share price to reach $66.88 in the next twelve months. This suggests a possible upside of 13.5% from the stock's current price.
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Brown & Brown's stock was trading at $70.28 at the beginning of the year. Since then, BRO shares have decreased by 16.2% and is now trading at $58.92.
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Brown & Brown saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 3,530,000 shares, an increase of 8.0% from the October 31st total of 3,270,000 shares. Based on an average trading volume of 1,460,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.5% of the shares of the company are sold short.
View Brown & Brown's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 23rd 2023.
View our BRO earnings forecast.

Brown & Brown, Inc. (NYSE:BRO) issued its quarterly earnings data on Tuesday, October, 25th. The financial services provider reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.60 by $0.10. The financial services provider had revenue of $927.60 million for the quarter, compared to analyst estimates of $943.59 million. Brown & Brown had a net margin of 18.42% and a trailing twelve-month return on equity of 14.67%. The firm's revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 earnings per share.

Brown & Brown declared a quarterly dividend on Tuesday, October 18th. Shareholders of record on Wednesday, November 2nd will be given a dividend of $0.115 per share on Wednesday, November 16th. This represents a $0.46 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Tuesday, November 1st. This is an increase from the stock's previous quarterly dividend of $0.10.
Read our dividend analysis for BRO.

Brown & Brown (NYSE:BRO) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.77%. 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 20.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRO will have a dividend payout ratio of 18.25% 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 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.

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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.62%), BlackRock Inc. (5.74%), State Street Corp (3.90%), Allspring Global Investments Holdings LLC (2.09%), Price T Rowe Associates Inc. MD (1.66%) and Clarkston Capital Partners LLC (1.04%). 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 $58.92.

Brown & Brown (NYSE:BRO) has a market capitalization of $16.69 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 $2.21 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.