NYSE:BRO

Brown & Brown Stock Forecast, Price & News

$45.61

+0.58 (+1.29 %)

(As of 12/1/2020 12:00 AM ET)

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Today's Range

$44.90

Now: $45.61▼

$45.62

50-Day Range

$43.46

MA: $46.23▼

$48.31

52-Week Range

$30.70

Now: $45.61▼

$48.69

Volume1.41 million shs

Average Volume1.34 million shs

Market Capitalization$12.96 billion

P/E Ratio28.15

Dividend Yield0.82%

Beta0.71

Brown & Brown, Inc. markets and sells insurance products and services in the United States, England, Canada, Bermuda, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers commercial packages, group medical, workers' compensation, property risk, and general liability insurance products; and group and individual life, accident, disability, health, hospitalization, medical, dental, and other ancillary insurance products, as well as risk management, 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 dentists, oral surgeons, hygienists, lawyers, optometrists, opticians, ophthalmologists, insurance agents, financial advisors, registered representatives, securities broker-dealers, benefit administrators, real estate title agents, and escrow agents, 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.

Beat the Market (BTM) Rank^™

1.1 Analyst's Opinion

Consensus Rating
Brown & Brown has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $45.86, Brown & Brown has a forecasted upside of 0.5% from its current price of $45.61.
Amount of Analyst Coverage
Brown & Brown has only been the subject of 3 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
Brown & Brown has received 358 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Brown & Brown has received 535 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Brown & Brown has received 59.91% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Brown & Brown and other stocks. Vote “Outperform” if you believe BRO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BRO will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Yield
Brown & Brown has a dividend yield of 0.82%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Brown & Brown has been increasing its dividend for 22 years.
Dividend Coverage
The dividend payout ratio of Brown & Brown is 26.43%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Brown & Brown will have a dividend payout ratio of 21.64% next year. This indicates that Brown & Brown will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Brown & Brown insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 17.13% of the stock of Brown & Brown is held by insiders.
Percentage Held by Institutions
67.82% of the stock of Brown & Brown is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Brown & Brown are expected to grow by 4.91% in the coming year, from $1.63 to $1.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Brown & Brown is 28.15, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.00.
Price to Earnings Ratio vs. Sector
The P/E ratio of Brown & Brown is 28.15, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 20.26.
Price to Book Value per Share Ratio
Brown & Brown has a P/B Ratio of 3.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.75 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Insurance agents, brokers, & service

Sub-IndustryInsurance Brokers

SectorFinance

Current SymbolNYSE:BRO

Previous Symbol

CUSIP11523610

CIK79282

Webwww.bbinsurance.com

Phone386-252-9601

Employees10,083

Debt

Debt-to-Equity Ratio0.55

Current Ratio1.18

Quick Ratio1.18

Price-To-Earnings

Trailing P/E Ratio28.15

Forward P/E Ratio27.98

P/E GrowthN/A

Sales & Book Value

Annual Sales$2.39 billion

Price / Sales5.42

Cash Flow$1.87 per share

Price / Cash Flow24.37

Book Value$13.03 per share

Price / Book3.50

Profitability

EPS (Most Recent Fiscal Year)$1.40

Net Income$398.51 million

Net Margins18.02%

Return on Equity13.26%

Return on Assets5.81%

Miscellaneous

Outstanding Shares284,059,000

Market Cap$12.96 billion

Next Earnings Date1/25/2021 (Estimated)

OptionableOptionable

$45.61

+0.58 (+1.29 %)

(As of 12/1/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Brown & Brown (NYSE:BRO) Frequently Asked Questions

How has Brown & Brown's stock price been impacted by COVID-19 (Coronavirus)?

Brown & Brown's stock was trading at $41.60 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BRO shares have increased by 9.6% and is now trading at $45.61.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Brown & Brown?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Brown & Brown or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Brown & Brown?

Wall Street analysts have given Brown & Brown a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Brown & Brown wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Brown & Brown's next earnings date?

Brown & Brown is scheduled to release its next quarterly earnings announcement on Monday, January 25th 2021.
View our earnings forecast for Brown & Brown.

How were Brown & Brown's earnings last quarter?

Brown & Brown, Inc. (NYSE:BRO) announced its earnings results on Saturday, October, 31st. The financial services provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.43 by $0.09. The financial services provider had revenue of $674 million for the quarter, compared to analysts' expectations of $645.46 million. Brown & Brown had a net margin of 18.02% and a return on equity of 13.26%. Brown & Brown's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 earnings per share.
View Brown & Brown's earnings history.

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

Brown & Brown announced a quarterly dividend on Tuesday, October 20th. Investors of record on Wednesday, November 4th will be given a dividend of $0.093 per share on Wednesday, November 18th. This represents a $0.37 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, November 3rd. This is a positive change from Brown & Brown's previous quarterly dividend of $0.09.
View Brown & Brown's dividend history.

When did Brown & Brown's stock split? How did Brown & Brown's stock split work?

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 payable to shareholders after the closing bell on Wednesday, March 28th 2018. An investor that had 100 shares of Brown & Brown stock prior to the split would have 200 shares after the split.

What price target have analysts set for BRO?

8 analysts have issued 1 year target prices for Brown & Brown's stock. Their forecasts range from $40.00 to $53.00. On average, they anticipate Brown & Brown's stock price to reach $45.86 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price.
View analysts' price targets for Brown & Brown.

Are investors shorting Brown & Brown?

Brown & Brown saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,000,000 shares, an increase of 19.0% from the October 31st total of 2,520,000 shares. Based on an average daily volume of 927,200 shares, the short-interest ratio is presently 3.2 days. Approximately 1.3% of the company's stock are short sold.
View Brown & Brown's Short Interest.

Who are some of Brown & Brown's key competitors?

Some companies that are related to Brown & Brown include AON (AON), Willis Towers Watson Public (WLTW), Arthur J. Gallagher & Co. (AJG), Equitable (EQH), Erie Indemnity (ERIE), Goosehead Insurance (GSHD), Ashmore Group (AJMPF), SelectQuote (SLQT), GoHealth (GOCO), eHealth (EHTH), CorVel (CRVL), BRP Group (BRP), Fanhua (FANH), Huize (HUIZ) and AA (AATDF).
View all competitors.

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).

Who are Brown & Brown's key executives?

Brown & Brown's management team includes the following people:

Mr. J. Powell Brown C.P.C.U., CPCU, CEO, Pres & Director (Age 52, Pay $3.23M)
Mr. R. Andrew Watts, Exec. VP, CFO & Treasurer (Age 51, Pay $1.39M)
Mr. J. Scott Penny C.I.C., CIC, Exec. VP & Chief Acquisitions Officer (Age 53, Pay $1.65M)
Mr. Anthony T. Strianese, Exec. VP & Pres of Wholesale Brokerage Division (Age 58, Pay $1.96M)
Mr. Chris L. Walker, Exec. VP & Pres of National Programs Division (Age 62, Pay $2.05M)
Mr. Stephen M. Boyd, Sr. VP of Technology, Innovation & Digital Strategy
Mr. Robert W. Lloyd C.I.C., C.P.C.U., ESQ., CIC, Exec. VP, Gen. Counsel & Corp. Sec. (Age 55)
Jenny Goco, Director of Communications
Ms. Julie L. Turpin, Sr. VP & Chief People Officer
Mr. Richard A. Freebourn Sr., CPCU, CIC, Sr. VP of Internal Operations (Age 71)

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 shareholders include BlackRock Inc. (9.73%), Wells Fargo & Company MN (3.48%), State Street Corp (3.31%), Principal Financial Group Inc. (3.15%), NN Investment Partners Holdings N.V. (1.54%) and Fenimore Asset Management Inc. (1.04%). Company insiders that own Brown & Brown stock include Anthony T Strianese, Chris L Walker, H Palmer Proctor Jr, Jerome Scott Penny and Robert W Lloyd.
View institutional ownership trends for Brown & Brown.

Which major investors are selling Brown & Brown stock?

BRO stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, Wells Fargo & Company MN, Captrust Financial Advisors, Los Angeles Capital Management & Equity Research Inc., Victory Capital Management Inc., Scout Investments Inc., and First Trust Advisors LP. Company insiders that have sold Brown & Brown company stock in the last year include Chris L Walker, Jerome Scott Penny, and Robert W Lloyd.
View insider buying and selling activity for Brown & Brown.

Which major investors are buying Brown & Brown stock?

BRO stock was acquired by a variety of institutional investors in the last quarter, including MUFG Securities EMEA plc, Arrowstreet Capital Limited Partnership, Morgan Stanley, Great Lakes Advisors LLC, CIBC Asset Management Inc, DekaBank Deutsche Girozentrale, Independent Advisor Alliance, and Assenagon Asset Management S.A..
View insider buying and selling activity for Brown & Brown.

How do I buy shares of Brown & Brown?

Shares of BRO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Brown & Brown's stock price today?

One share of BRO stock can currently be purchased for approximately $45.61.

How big of a company is Brown & Brown?

Brown & Brown has a market capitalization of $12.96 billion and generates $2.39 billion in revenue each year. The financial services provider earns $398.51 million in net income (profit) each year or $1.40 on an earnings per share basis. Brown & Brown employs 10,083 workers across the globe.

What is Brown & Brown's official website?

The official website for Brown & Brown is www.bbinsurance.com.

How can I contact Brown & Brown?

Brown & Brown's mailing address is 220 South Ridgewood Avenue, Daytona Beach FL, 32114. The financial services provider can be reached via phone at 386-252-9601.

This page was last updated on 12/1/2020 by MarketBeat.com Staff

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