S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NYSE:BRO

Brown & Brown (BRO) Stock Price, News & Analysis

$87.26
+0.84 (+0.97%)
(As of 03/27/2024 ET)
Today's Range
$86.50
$87.42
50-Day Range
$74.15
$87.26
52-Week Range
$55.42
$87.42
Volume
1.11 million shs
Average Volume
1.35 million shs
Market Capitalization
$24.94 billion
P/E Ratio
28.52
Dividend Yield
0.60%
Price Target
$84.90

Brown & Brown MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
2.7% Downside
$84.90 Price Target
Short Interest
Healthy
0.96% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.18mentions of Brown & Brown in the last 14 days
Based on 93 Articles This Week
Insider Trading
Selling Shares
$12.41 M Sold Last Quarter
Proj. Earnings Growth
8.51%
From $3.29 to $3.57 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.58 out of 5 stars

Finance Sector

151st out of 844 stocks

Insurance Agents, Brokers, & Service Industry

4th out of 17 stocks

BRO stock logo

About Brown & Brown Stock (NYSE:BRO)

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, 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 dentistry, legal, eyecare, insurance, financial, physicians, real estate title professionals, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also provides public entity-related and specialty programs through a network of independent agents; and program management services for insurance carrier partners. 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. Brown & Brown, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.

BRO Stock Price History

BRO Stock News Headlines

[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
Bish & Brown: Lions 7 Round Mock Draft
[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
See More Headlines
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.

Company Calendar

Last Earnings
1/23/2024
Ex-Dividend for 2/14 Dividend
2/01/2024
Dividend Payable
2/14/2024
Today
3/27/2024
Next Earnings (Estimated)
4/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Insurance agents, brokers, & service
Sub-Industry
Insurance Brokers
CUSIP
11523610
Employees
9,705
Year Founded
1939

Price Target and Rating

Average Stock Price Target
$84.90
High Stock Price Target
$95.00
Low Stock Price Target
$75.00
Potential Upside/Downside
-2.7%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$870.50 million
Pretax Margin
26.92%

Debt

Sales & Book Value

Annual Sales
$4.26 billion
Cash Flow
$3.12 per share
Book Value
$19.60 per share

Miscellaneous

Free Float
238,416,000
Market Cap
$24.94 billion
Optionable
Optionable
Beta
0.78

Social Links

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report

Key Executives

  • Mr. J. Powell Brown C.P.C.U. (Age 56)
    CEO, President & Director
    Comp: $3.79M
  • Mr. R. Andrew Watts (Age 55)
    Executive VP, CFO & Treasurer
    Comp: $1.72M
  • Mr. J. Scott Penny C.I.C. (Age 57)
    Executive VP & Chief Acquisitions Officer
    Comp: $2.07M
  • Mr. Chris L. Walker (Age 66)
    Executive VP & President of National Programs Segment
    Comp: $2.34M
  • Mr. P. Barrett Brown (Age 51)
    Executive VP & President of Retail Segment
    Comp: $2.62M
  • Mr. Kiet Tran
    Chief Technology Officer
  • Mr. Kenneth Gray Nester II (Age 48)
    Executive VP & Chief Information Officer
  • Mr. Robert Mathis
    Chief Legal Officer
  • Jenny Goco
    Director of Communications
  • Ms. Julie L. Turpin (Age 53)
    Executive VP & Chief People Officer

Should I Buy Brown & Brown Stock? BRO Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Brown & Brown was last updated on Sunday, March 24, 2024 at 3:13 PM.

Pros

Here are some ways that investors could benefit from investing in Brown & Brown, Inc.:

  • Brown & Brown, Inc. operates through four segments, providing a diversified portfolio of insurance products and services, which can help mitigate risks and enhance revenue streams for the company.
  • The company offers specialty insurance products and risk management strategies, catering to a wide range of customers, including commercial entities, professionals, and individuals, which can lead to a broad customer base and revenue growth.
  • Recent developments show a positive trend in the company's stock price, indicating potential for capital appreciation for investors.
  • Brown & Brown, Inc. has a strong presence not only in the United States but also in Canada, Ireland, the United Kingdom, and internationally, providing geographic diversification and exposure to different markets.
  • The company's focus on services like claims processing, consultancy, and loss control survey and analysis can enhance customer satisfaction and retention, leading to long-term profitability.

Cons

Investors should be bearish about investing in Brown & Brown, Inc. for these reasons:

  • Fluctuations in the insurance industry due to regulatory changes, economic conditions, and catastrophic events can impact the company's financial performance and profitability.
  • Competition in the insurance brokerage sector is intense, with many established players and new entrants, which could potentially affect Brown & Brown, Inc.'s market share and margins.
  • Market volatility and interest rate fluctuations can influence the investment returns of insurance companies like Brown & Brown, Inc., affecting shareholder value.
  • Changes in consumer behavior, preferences, and technological advancements may require continuous adaptation and investment in new technologies, impacting the company's operational efficiency and costs.
  • Global economic uncertainties and geopolitical risks can pose challenges to Brown & Brown, Inc.'s international operations and expansion strategies, affecting overall financial performance.

BRO Stock Analysis - Frequently Asked Questions

Should I buy or sell Brown & Brown stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last year. There are currently 2 sell ratings, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

10 Wall Street research analysts have issued 1-year target prices for Brown & Brown's shares. Their BRO share price targets range from $75.00 to $95.00. On average, they predict the company's share price to reach $84.90 in the next twelve months. This suggests that the stock has a possible downside of 2.7%.
View analysts price targets for BRO
or view top-rated stocks among Wall Street analysts.

How have BRO shares performed in 2024?

Brown & Brown's stock was trading at $71.11 at the beginning of the year. Since then, BRO shares have increased by 22.7% and is now trading at $87.26.
View the best growth stocks for 2024 here
.

Are investors shorting Brown & Brown?

Brown & Brown saw a drop in short interest in the month of February. As of February 29th, there was short interest totaling 2,180,000 shares, a drop of 5.2% from the February 14th total of 2,300,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.9% 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, April 22nd 2024.
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, 23rd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The financial services provider had revenue of $1.03 billion for the quarter. Brown & Brown had a net margin of 20.44% and a trailing twelve-month return on equity of 15.46%. During the same quarter in the previous year, the business posted $0.50 EPS.

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

Brown & Brown announced a quarterly dividend on Wednesday, January 17th. Shareholders of record on Friday, February 2nd will be given a dividend of $0.13 per share on Wednesday, February 14th. This represents a $0.52 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, February 1st.
Read our dividend analysis for BRO
.

Is Brown & Brown a good dividend stock?

Brown & Brown (NYSE:BRO) pays an annual dividend of $0.52 per share and currently has a dividend yield of 0.61%. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 16.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRO will have a dividend payout ratio of 14.57% 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 payable 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).

Who are Brown & Brown's major shareholders?

Brown & Brown's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.89%), Vanguard Group Inc. (9.85%), Principal Financial Group Inc. (4.33%), Allspring Global Investments Holdings LLC (1.84%), First Eagle Investment Management LLC (1.44%) and Goldman Sachs Group Inc. (1.26%). Insiders that own company stock include Bronislaw Edmund Masojada, H Palmer Proctor Jr, Hugh M Brown, Hyatt J Brown, Lawrence L Gellerstedt III, Robert W Lloyd, Stephen M Boyd 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BRO) was last updated on 3/28/2024 by MarketBeat.com Staff

From Our Partners