Q4 EPS Estimates for Brown & Brown Reduced by Zacks Research

Brown & Brown, Inc. (NYSE:BRO) – Equities research analysts at Zacks Research decreased their Q4 2026 EPS estimates for Brown & Brown in a research note issued on Thursday, October 16th. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $1.08 for the quarter, down from their prior estimate of $1.11. The consensus estimate for Brown & Brown’s current full-year earnings is $4.18 per share.

Brown & Brown (NYSE:BRO) last released its quarterly earnings results on Monday, July 28th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Brown & Brown had a net margin of 19.89% and a return on equity of 15.10%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm earned $0.93 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis.

Several other equities analysts also recently weighed in on the stock. Truist Financial set a $120.00 target price on shares of Brown & Brown in a research note on Wednesday, July 30th. Bank of America upgraded shares of Brown & Brown from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $126.00 to $130.00 in a research note on Wednesday, July 30th. Barclays reduced their target price on shares of Brown & Brown from $108.00 to $102.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. UBS Group reduced their target price on shares of Brown & Brown from $120.00 to $106.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Finally, BMO Capital Markets reduced their price objective on shares of Brown & Brown from $122.00 to $106.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $109.92.

Brown & Brown Stock Performance

Shares of BRO stock opened at $87.79 on Friday. The firm has a market cap of $28.96 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 1.98 and a beta of 0.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 6.72 and a current ratio of 6.72. Brown & Brown has a 52 week low of $87.26 and a 52 week high of $125.68. The firm’s 50-day simple moving average is $94.26 and its two-hundred day simple moving average is $103.77.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Copeland Capital Management LLC increased its position in Brown & Brown by 118.5% during the 3rd quarter. Copeland Capital Management LLC now owns 108,103 shares of the financial services provider’s stock valued at $10,139,000 after purchasing an additional 58,630 shares during the period. Boston Trust Walden Corp increased its position in Brown & Brown by 1.1% during the 3rd quarter. Boston Trust Walden Corp now owns 67,667 shares of the financial services provider’s stock valued at $6,346,000 after purchasing an additional 725 shares during the period. Perigon Wealth Management LLC purchased a new position in Brown & Brown during the 3rd quarter valued at $241,000. Sowell Financial Services LLC increased its position in Brown & Brown by 3.6% during the 3rd quarter. Sowell Financial Services LLC now owns 5,826 shares of the financial services provider’s stock valued at $546,000 after purchasing an additional 200 shares during the period. Finally, CWM LLC increased its position in Brown & Brown by 895.9% during the 3rd quarter. CWM LLC now owns 62,545 shares of the financial services provider’s stock valued at $5,866,000 after purchasing an additional 56,265 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Bronislaw Edmund Masojada purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was bought at an average cost of $91.44 per share, for a total transaction of $91,440.00. Following the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $457,200. This represents a 25.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul J. Krump purchased 2,678 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average price of $93.31 per share, with a total value of $249,884.18. Following the completion of the acquisition, the director directly owned 5,353 shares in the company, valued at $499,488.43. The trade was a 100.11% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 17.02% of the company’s stock.

Brown & Brown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 13th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 13th. Brown & Brown’s payout ratio is presently 17.29%.

About Brown & Brown

Brown & 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.