NYSE:BRO Brown & Brown - BRO Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $55.36 +0.30 (+0.54%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$54.24▼$55.4650-Day Range$53.43▼$61.9652-Week Range$52.82▼$74.00Volume928,984 shsAverage Volume1.24 million shsMarket Capitalization$15.74 billionP/E Ratio23.46Dividend Yield0.83%Price Target$66.30 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Brown & Brown MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside19.8% Upside$66.30 Price TargetShort InterestHealthy1.34% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.58Upright™ Environmental ScoreNews Sentiment0.22Based on 75 Articles This WeekInsider TradingAcquiring Shares$196,928 Bought Last QuarterProj. Earnings Growth10.93%From $2.47 to $2.74 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.2.77 out of 5 starsFinance Sector273rd out of 868 stocksInsurance Agents, Brokers, & Service Industry6th out of 18 stocks 2.2 Analyst's Opinion Consensus RatingBrown & Brown has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $66.30, Brown & Brown has a forecasted upside of 19.8% from its current price of $55.36.Amount of Analyst CoverageBrown & Brown has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.34% 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 2.9, 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 10.83%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend YieldBrown & Brown has a dividend yield of 0.84%, 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 19.49%. 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 16.79% 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 1.2 News and Social Media Coverage News SentimentBrown & Brown has a news sentiment score of 0.22. 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 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 75 news articles for Brown & Brown this week, compared to 76 articles on an average week.Search InterestOnly 14 people have searched for BRO on MarketBeat in the last 30 days. This is a decrease of -52% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Brown & Brown to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Brown & Brown insiders have bought more of their company's stock than they have sold. Specifically, they have bought $196,928.00 in company stock and sold $0.00 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 10.93% in the coming year, from $2.47 to $2.74 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Brown & Brown is 23.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Brown & Brown is 23.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 129.46.Price to Book Value per Share RatioBrown & Brown has a P/B Ratio of 3.40. 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 HeadlinesMarch 25, 2023 | msn.comSerious by nature, Jaylen Brown hopes to join Celtics teammate Malcolm Brogdon in Washington, D.C., to voice concerns about criminal justice reformMarch 25, 2023 | msn.comJayson Tatum Provides Insight on Summer Conference Call with Jaylen Brown and Brad Stevens Amid Kevin Durant Trade RumorsMarch 25, 2023 | Weiss Ratings (Ad)Banking NightmareDuring and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …March 24, 2023 | msn.comJaylen Brown's Status For Pacers-Celtics GameMarch 24, 2023 | msn.comCeltics Mailbag: Jaylen Brown trade scenario, draft pick possibilities, free agency needsMarch 24, 2023 | msn.comMillie Bobby Brown's debut novel is inspired by grandma's 'very personal' WWII storyMarch 24, 2023 | msn.comAstros pitcher Hunter Brown resumes throwingMarch 24, 2023 | msn.comMillie Bobby Brown to Release Debut Novel ‘Nineteen Steps’ in SeptemberMarch 25, 2023 | Weiss Ratings (Ad)Banking NightmareDuring and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …March 24, 2023 | msn.comMillie Bobby Brown Allegedly Turned Down $12 Million to Star in a 'Stranger Things' MovieMarch 24, 2023 | finance.yahoo.comBullish insiders at Brown & Brown, Inc. (NYSE:BRO) loaded up on US$1.4m of stock earlier this yearMarch 24, 2023 | msn.comUlta 24-Hour Flash Sale: Take 50% Off Too Faced, Crepe Erase, Smashbox, Murad, Bobbi Brown, and CliniqueMarch 23, 2023 | msn.comSen. Brown says he's committed to passing rail safety measureMarch 23, 2023 | msn.comWhen Neal Brown Will Name a Starting QuarterbackMarch 23, 2023 | nypost.comWhy luring the Celtics’ Jaylen Brown to the Nets could get complicatedMarch 23, 2023 | celticswire.usatoday.comJaylen Brown Player Prop Bets: Celtics vs. Pacers | March 24March 23, 2023 | msn.comJaylen Brown to be represented by M88 as first athlete clientMarch 23, 2023 | nypost.comMan claims he broke up with girlfriend after she received lap dance from Chris BrownMarch 23, 2023 | finance.yahoo.comShould You Buy Brown & Brown (BRO) Now?March 23, 2023 | msn.comWhy acquiring Elijah Moore made sense for the Browns: Orange and Brown TalkMarch 23, 2023 | msn.comEagles' All-Pro WR A.J. Brown to compete in 'The Catch' saltwater fishing tournamentMarch 23, 2023 | msn.comKane Brown's wife shared their elaborate tour bus and people are loving itMarch 23, 2023 | msn.comESPN Analysts: Jaylen Brown’s comments about his future in Boston are ‘realistic’, not ‘incendiary’March 23, 2023 | reuters.comLaw firm Brown Rudnick, construction company end multi-million dollar fee fightMarch 22, 2023 | msn.comBrown Scratched From Final Houston Astros Spring Training StartMarch 22, 2023 | msn.comJaylen Brown had doubts the Boston Celtics were being honest with him during offseason Kevin Durant rumorsMarch 22, 2023 | msn.comCal Basketball Coaching Search: Jaylen Brown Gives Endorsement to Amir Abdur-RahimSee 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 2/15 Dividend2/02/2023Dividend Payable2/15/2023Today3/25/2023Next Earnings (Estimated)4/24/2023Fiscal 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$66.30 High Stock Price Forecast$75.00 Low Stock Price Forecast$59.00 Forecasted Upside/Downside+19.8%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$2.36 Trailing P/E Ratio23.46 Forward P/E Ratio22.41 P/E GrowthN/ANet Income$671.80 million Net Margins18.80% Pretax Margin24.52% Return on Equity14.88% Return on Assets5.10% Debt Debt-to-Equity Ratio0.80 Current Ratio1.89 Quick Ratio1.89 Sales & Book Value Annual Sales$3.57 billion Price / Sales4.40 Cash Flow$2.97 per share Price / Cash Flow18.66 Book Value$16.26 per share Price / Book3.40Miscellaneous Outstanding Shares284,290,000Free Float235,907,000Market Cap$15.74 billion OptionableOptionable Beta0.75 Social Links Key ExecutivesJ. Powell BrownPresident, Chief Executive Officer & DirectorRichard A. FreebournSenior Vice President-Internal OperationsR. Andrew WattsChief Financial Officer, Treasurer & Executive VPGray NesterChief Information Officer & Executive VPKiet TranChief Technology OfficerKey CompetitorsArthur J. Gallagher & Co.NYSE:AJGAONNYSE:AONRyan SpecialtyNYSE:RYANEquitableNYSE:EQHWillis Towers Watson PublicNASDAQ:WTWView All CompetitorsInsiders & InstitutionsMetLife Investment Management LLCSold 879 shares on 3/23/2023Ownership: 0.022%Claro Advisors LLCBought 1,590 shares on 3/13/2023Ownership: 0.003%Victory Capital Management Inc.Bought 1,175,211 shares on 3/10/2023Ownership: 0.516%Rockefeller Capital Management L.P.Bought 3,584 shares on 3/6/2023Ownership: 0.002%Trust Investment AdvisorsBought 17,334 shares on 2/28/2023Ownership: 0.006%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 twelve months. There are currently 6 hold ratings and 3 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. View BRO analyst ratings or view top-rated stocks. What is Brown & Brown's stock price forecast for 2023? 9 brokers have issued twelve-month target prices for Brown & Brown's shares. Their BRO share price forecasts range from $59.00 to $75.00. On average, they predict the company's stock price to reach $66.30 in the next twelve months. This suggests a possible upside of 19.8% 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 stock has decreased by 2.8% and is now trading at $55.36. View the best growth stocks for 2023 here. Are investors shorting Brown & Brown? Brown & Brown saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 3,210,000 shares, a decrease of 10.8% from the February 13th total of 3,600,000 shares. Based on an average daily trading volume, of 1,090,000 shares, the days-to-cover ratio is currently 2.9 days. Approximately 1.3% of the shares of the 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, April 24th 2023. View our BRO earnings forecast. How were Brown & Brown's earnings last quarter? Brown & Brown, Inc. (NYSE:BRO) posted its earnings results on Tuesday, January, 24th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.04. The financial services provider earned $901.40 million during the quarter, compared to analyst estimates of $897.98 million. Brown & Brown had a net margin of 18.80% and a trailing twelve-month return on equity of 14.88%. The firm's quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. Stockholders of record on Friday, February 3rd will be given a dividend of $0.115 per share on Wednesday, February 15th. This represents a $0.46 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, February 2nd. 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), Invesco S&P 500 Equal Weight Financials ETF (RYF), FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG), ProShares S&P 500 Aristocrats ETF (NOBL), Roc Etf (ROCI) and Fidelity Low Volatility Factor ETF (FDLO). 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 0.84%. 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 16.79% 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's stock split before market open on Thursday, March 29th 2018. The 2-1 split was announced on Monday, February 26th 2018. The newly issued shares were issued 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 a variety of retail and institutional investors. Top institutional investors include Select Equity Group L.P. (6.09%), Principal Financial Group Inc. (3.96%), Morgan Stanley (3.35%), Allspring Global Investments Holdings LLC (2.00%), Geode Capital Management LLC (1.83%) and First Eagle Investment Management LLC (1.69%). 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 $55.36. How much money does Brown & Brown make? Brown & Brown (NYSE:BRO) has a market capitalization of $15.74 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 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 3/25/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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