NYSE:BRO Brown & Brown (BRO) Stock Forecast, Price & News $62.87 -0.22 (-0.35%) (As of 05/26/2023 ET) Add Compare Share Share Today's Range$62.75▼$63.6050-Day Range$54.35▼$66.3652-Week Range$52.82▼$68.43Volume986,316 shsAverage Volume1.04 million shsMarket Capitalization$17.83 billionP/E Ratio25.98Dividend Yield0.73%Price Target$66.64 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Brown & Brown MarketRank™ ForecastAnalyst RatingModerate Buy2.56 Rating ScoreUpside/Downside6.0% Upside$66.64 Price TargetShort InterestHealthy1.19% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.58Upright™ Environmental ScoreNews Sentiment0.26Based on 100 Articles This WeekInsider TradingSelling Shares$66 Sold Last QuarterProj. Earnings Growth9.13%From $2.52 to $2.75 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.48 out of 5 starsFinance Sector450th out of 903 stocksInsurance Agents, Brokers, & Service Industry5th out of 19 stocks 1.3 Analyst's Opinion Consensus RatingBrown & Brown has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $66.64, Brown & Brown has a forecasted upside of 6.0% from its current price of $62.87.Amount of Analyst CoverageBrown & Brown has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.19% of the float of Brown & Brown has been sold short.Short Interest Ratio / Days to CoverBrown & Brown has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Brown & Brown has recently decreased by 6.64%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend YieldBrown & Brown has a dividend yield of 0.73%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthBrown & Brown has been increasing its dividend for 29 years.Dividend CoverageThe dividend payout ratio of Brown & Brown is 19.01%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Brown & Brown will have a dividend payout ratio of 16.73% next year. This indicates that Brown & Brown will be able to sustain or increase its dividend. Previous Next 2.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreBrown & Brown has received a 12.86% net impact score from Upright. Brown & Brown seems to create the most significant positive value in categories "Jobs", "Societal infrastructure", and "Taxes". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Home insurance services for individuals", "Long term disability insurance services for individuals", and "Commercial general liability insurance" products. See details.Environmental SustainabilityThe Environmental Impact score for Brown & Brown is -0.58. Previous Next 1.8 News and Social Media Coverage News SentimentBrown & Brown has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 100 news articles for Brown & Brown this week, compared to 107 articles on an average week.Search InterestOnly 6 people have searched for BRO on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat Follows2 people have added Brown & Brown to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Brown & Brown insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $66.00 in company stock.Percentage Held by Insiders17.02% of the stock of Brown & Brown is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions69.52% of the stock of Brown & Brown is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Brown & Brown are expected to grow by 9.13% in the coming year, from $2.52 to $2.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Brown & Brown is 25.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.49.Price to Earnings Ratio vs. SectorThe P/E ratio of Brown & Brown is 25.98, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 156.57.Price to Book Value per Share RatioBrown & Brown has a P/B Ratio of 3.68. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Brown & Brown (NYSE:BRO) StockBrown & 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 secRead More Receive BRO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Brown & Brown and its competitors with MarketBeat's FREE daily newsletter. Email Address BRO Stock News HeadlinesMay 27, 2023 | msn.comWhy is Antonio Brown inactive for Albany Empire? Ex- NFL WR out for arena team after failing to submit physicalMay 27, 2023 | msn.comFormer Steelers WR Antonio Brown Drawing Interest From NFL TeamsMay 27, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!May 27, 2023 | msn.com‘History is at our doorstep’: Jaylen Brown talks 2004 Red Sox and more ahead of Game 6May 27, 2023 | msn.com2023 NFL WR Rankings: Where Does Eagles' A.J. Brown Land?May 27, 2023 | msn.comPhilly’s ethics board usually flies under the radar. That changed with its lawsuit against a super PAC backing Jeff Brown.May 27, 2023 | msn.comBanko Brown death: Family sues Walgreens, security company and guard for wrongful deathMay 27, 2023 | americanbankingnews.comBrown & Brown (NYSE:BRO) Downgraded by StockNews.comMay 27, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!May 27, 2023 | msn.comFamily of Banko Brown files wrongful death lawsuit against WalgreensMay 26, 2023 | detroitnews.comMichigan State football adds former commit, Nebraska transfer Alante BrownMay 26, 2023 | msn.comUnity, accountability key in Boston Celtics' East finals resurgence vs. Miami Heat, per Jaylen BrownMay 26, 2023 | titanswire.usatoday.comWhat scouting reports said about Titans UDFA DL Shakel BrownMay 26, 2023 | msn.comVanderbilt men's tennis hires former All-SEC player Scott Brown as head coachMay 26, 2023 | msn.comAntonio Brown possibly drawing NFL interest, plus seven teams that will make playoffs after missing out in '22May 26, 2023 | msn.comIs the Tatum-Brown tandem capable of leading the Boston Celtics to an NBA championship?May 26, 2023 | sports.yahoo.comNuggets’ Bruce Brown addresses leaving the Brooklyn NetsMay 26, 2023 | cnbc.comHighly successful people master these 3 skills, say bestselling authors Brené Brown and Simon SinekMay 26, 2023 | msn.comPatrick Mahomes has interesting quote on losing Orlando Brown Jr. to BengalsMay 26, 2023 | msn.comSherrod Brown needs Trump supporters to get reelected to the Senate in 2024. Here’s how he might try to do it.May 26, 2023 | msn.com‘As special as it gets’: Indy 500 has Zak Brown feeling back home again with Arrow McLarenMay 26, 2023 | msn.comQuentin Tarantino’s ‘Kill Bill: Volume 1,’ ‘Volume 2,’ ‘Jackie Brown’ Picked Up by LionsgateMay 26, 2023 | msn.comAntonio Brown Receiving ‘Genuine’ Interest From NFL Teams, Agent SaysMay 25, 2023 | sports.yahoo.comJoint Chiefs chairman nominee Gen. Brown hailed as ‘warrior’ at White House ceremonyMay 25, 2023 | msn.comDavid Stone steps down at Hagerty; Kenne Brown returns home to LymanMay 25, 2023 | foxnews.comEx-NFL star Antonio Brown to play in Albany Empire game SaturdayMay 25, 2023 | msn.comIn rare case, man develops painful deep vein blood clots following brown recluse spider biteSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive BRO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Brown & Brown and its competitors with MarketBeat's FREE daily newsletter. Email Address BRO Company Calendar Last Earnings1/24/2023Ex-Dividend for 5/17 Dividend5/05/2023Dividend Payable5/17/2023Today5/27/2023Next Earnings (Estimated)7/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Insurance agents, brokers, & service Sub-IndustryInsurance Brokers SectorFinance Current SymbolNYSE:BRO CUSIP11523610 CIK79282 Webwww.bbinsurance.com Phone(386) 252-9601Fax386-239-5729Employees15,201Year Founded1939Price Target and Rating Average Stock Price Forecast$66.64 High Stock Price Forecast$75.00 Low Stock Price Forecast$59.00 Forecasted Upside/Downside+6.0%Consensus RatingModerate Buy Rating Score (0-4)2.56 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$2.42 Trailing P/E Ratio25.98 Forward P/E Ratio24.95 P/E GrowthN/ANet Income$671.80 million Net Margins18.15% Pretax Margin23.92% Return on Equity14.80% Return on Assets5.01% Debt Debt-to-Equity Ratio0.76 Current Ratio2.49 Quick Ratio2.49 Sales & Book Value Annual Sales$3.57 billion Price / Sales4.99 Cash Flow$2.93 per share Price / Cash Flow21.45 Book Value$17.08 per share Price / Book3.68Miscellaneous Outstanding Shares283,640,000Free Float235,368,000Market Cap$17.83 billion OptionableOptionable Beta0.75 Social Links Key ExecutivesJ. Powell BrownPresident, Chief Executive Officer & DirectorR. Andrew WattsChief Financial Officer, Treasurer & Executive VPGray NesterChief Information Officer & Executive VPKiet TranChief Technology OfficerJerome Scott PennyChief Acquisitions Officer & Executive VPKey CompetitorsArthur J. Gallagher & Co.NYSE:AJGAONNYSE:AONWillis Towers Watson PublicNASDAQ:WTWRyan SpecialtyNYSE:RYANEquitableNYSE:EQHView All CompetitorsInsiders & InstitutionsProShare Advisors LLCBought 351,666 shares on 5/26/2023Ownership: 1.048%Toroso Investments LLCBought 5,173 shares on 5/23/2023Ownership: 0.004%Ameriprise Financial Inc.Bought 7,213 shares on 5/22/2023Ownership: 0.228%Putnam Investments LLCSold 6,183 shares on 5/22/2023Ownership: 0.017%SkyView Investment Advisors LLCBought 6,389 shares on 5/18/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions 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 year. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BRO 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 1 year target prices for Brown & Brown's stock. Their BRO share price forecasts range from $59.00 to $75.00. On average, they anticipate the company's share price to reach $66.64 in the next twelve months. This suggests a possible upside of 6.0% 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 the year. Since then, BRO shares have increased by 10.4% and is now trading at $62.87. View the best growth stocks for 2023 here. Are investors shorting Brown & Brown? Brown & Brown saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,810,000 shares, a decline of 6.6% from the April 30th total of 3,010,000 shares. Based on an average trading volume of 1,270,000 shares, the short-interest ratio is currently 2.2 days. Currently, 1.2% of the shares of the company 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, July 24th 2023. View our BRO earnings forecast. How were Brown & Brown's earnings last quarter? Brown & Brown, Inc. (NYSE:BRO) announced its quarterly earnings results on Tuesday, January, 24th. The financial services provider reported $0.50 earnings per share (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 net margin of 18.15% and a trailing twelve-month return on equity of 14.80%. The company's revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. How often does Brown & Brown pay dividends? What is the dividend yield for Brown & Brown? Brown & Brown declared a quarterly dividend on Monday, April 24th. Investors of record on Monday, May 8th will be given a dividend of $0.115 per share on Wednesday, May 17th. This represents a $0.46 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Friday, May 5th. Read our dividend analysis for BRO. What ETFs hold Brown & Brown's stock? ETFs with the largest weight of Brown & Brown (NYSE:BRO) stock in their portfolio include Motley Fool Mid-Cap Growth ETF (TMFM), SPDR S&P Insurance ETF (KIE), iShares U.S. Insurance ETF (IAK), ProShares S&P 500 Aristocrats ETF (NOBL), FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG), Invesco S&P 500 Equal Weight Financials ETF (RYF), Invesco Defensive Equity ETF (DEF) and Roc Etf (ROCI). 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 0.73%. 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 19.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRO will have a dividend payout ratio of 16.73% 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 shares split on the morning of Thursday, March 29th 2018. The 2-1 split was announced on Monday, February 26th 2018. The newly created shares were issued 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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.91%), Select Equity Group L.P. (5.82%), Principal Financial Group Inc. (4.14%), State Street Corp (3.84%), Allspring Global Investments Holdings LLC (2.03%) and Geode Capital Management LLC (1.86%). 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 $62.87. How much money does Brown & Brown make? Brown & Brown (NYSE:BRO) has a market capitalization of $17.83 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 $2.42 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 5/27/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Brown & Brown, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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