Brown & Brown, Inc. (NYSE:BRO) to Post FY2025 Earnings of $3.20 Per Share, Jefferies Financial Group Forecasts

Brown & Brown, Inc. (NYSE:BRO – Get Rating) – Analysts at Jefferies Financial Group issued their FY2025 earnings per share (EPS) estimates for shares of Brown & Brown in a research report issued to clients and investors on Monday, January 9th. Jefferies Financial Group analyst Y. Kinar expects that the financial services provider will post earnings per share of $3.20 for the year. Jefferies Financial Group currently has a “Buy” rating and a $74.00 price target on the stock. The consensus estimate for Brown & Brown’s current full-year earnings is $2.24 per share.

Brown & Brown (NYSE:BRO – Get Rating) last released its quarterly earnings data on Monday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.10). Brown & Brown had a net margin of 18.42% and a return on equity of 14.67%. The firm had revenue of $927.60 million during the quarter, compared to analyst estimates of $943.59 million. During the same period in the prior year, the company earned $0.58 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year.

A number of other equities analysts have also commented on the company. Raymond James cut their price objective on Brown & Brown from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Morgan Stanley decreased their price objective on shares of Brown & Brown from $69.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 22nd. StockNews.com lowered shares of Brown & Brown from a “buy” rating to a “hold” rating in a report on Friday, October 28th. Wells Fargo & Company lowered their price objective on Brown & Brown from $66.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 26th. Finally, UBS Group cut their target price on Brown & Brown to $62.00 in a research report on Friday, November 4th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $66.33.

Brown & Brown Stock Performance

NYSE BRO opened at $59.87 on Tuesday. The company has a market capitalization of $16.96 billion, a price-to-earnings ratio of 27.09 and a beta of 0.74. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.94. Brown & Brown has a twelve month low of $52.91 and a twelve month high of $74.00. The stock has a fifty day simple moving average of $57.40 and a 200 day simple moving average of $60.48.

Brown & Brown Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 16th. Investors of record on Wednesday, November 2nd were issued a dividend of $0.115 per share. The ex-dividend date was Tuesday, November 1st. This represents a $0.46 annualized dividend and a yield of 0.77%. This is an increase from Brown & Brown’s previous quarterly dividend of $0.10. Brown & Brown’s dividend payout ratio is 20.81%.

Institutional Trading of Brown & Brown

A number of institutional investors and hedge funds have recently modified their holdings of BRO. Clear Street Markets LLC increased its position in Brown & Brown by 407.3% in the second quarter. Clear Street Markets LLC now owns 487 shares of the financial services provider’s stock worth $28,000 after buying an additional 391 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Brown & Brown by 259.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 499 shares of the financial services provider’s stock worth $29,000 after buying an additional 360 shares during the period. Quent Capital LLC grew its stake in Brown & Brown by 82.2% in the 2nd quarter. Quent Capital LLC now owns 503 shares of the financial services provider’s stock valued at $29,000 after buying an additional 227 shares in the last quarter. Allworth Financial LP raised its holdings in Brown & Brown by 2,485.0% during the 2nd quarter. Allworth Financial LP now owns 517 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 497 shares during the period. Finally, Destiny Wealth Partners LLC raised its stake in shares of Brown & Brown by 104.4% during the 2nd quarter. Destiny Wealth Partners LLC now owns 558 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 285 shares during the period. 69.52% of the stock is owned by hedge funds and other institutional investors.

About Brown & Brown

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Brown & Brown, Inc markets and sells insurance products and services in the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, loss control survey and analysis, consultancy, and claims processing services.