William Blair Forecasts Increased Earnings for Brown & Brown

Brown & Brown, Inc. (NYSE:BRO) – Stock analysts at William Blair increased their FY2025 earnings estimates for Brown & Brown in a research note issued to investors on Tuesday, October 28th. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings of $4.28 per share for the year, up from their prior forecast of $4.14. The consensus estimate for Brown & Brown’s current full-year earnings is $4.18 per share. William Blair also issued estimates for Brown & Brown’s FY2026 earnings at $4.66 EPS.

Several other research analysts have also recently commented on the company. Raymond James Financial reissued an “outperform” rating and set a $120.00 price target (down from $125.00) on shares of Brown & Brown in a research report on Monday, August 4th. Argus reissued a “hold” rating on shares of Brown & Brown in a report on Thursday, July 31st. UBS Group decreased 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. BMO Capital Markets lowered their target price on shares of Brown & Brown from $122.00 to $106.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Finally, Wall Street Zen upgraded shares of Brown & Brown from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $108.38.

Brown & Brown Price Performance

Shares of NYSE BRO opened at $80.46 on Thursday. The stock has a market capitalization of $27.47 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.70 and a beta of 0.79. The business has a 50-day moving average of $92.50 and a 200-day moving average of $101.88. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.10 and a quick ratio of 6.72. Brown & Brown has a fifty-two week low of $79.68 and a fifty-two week high of $125.68.

Brown & Brown (NYSE:BRO) last issued its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.15. Brown & Brown had a net margin of 18.23% and a return on equity of 13.64%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business earned $0.91 EPS. The company’s revenue was up 35.4% compared to the same quarter last year.

Institutional Investors Weigh In On Brown & Brown

A number of institutional investors have recently made changes to their positions in the company. Bares Capital Management Inc. acquired a new stake in Brown & Brown during the 1st quarter worth approximately $26,000. ST Germain D J Co. Inc. grew its holdings in Brown & Brown by 298.5% in the 2nd quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Brown & Brown during the 2nd quarter worth $30,000. Optimum Investment Advisors acquired a new stake in shares of Brown & Brown during the first quarter worth $31,000. Finally, SouthState Corp lifted its holdings in shares of Brown & Brown by 188.6% during the first quarter. SouthState Corp now owns 254 shares of the financial services provider’s stock worth $32,000 after buying an additional 166 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Insider Activity

In related news, Director Bronislaw Edmund Masojada purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired at an average price of $91.44 per share, for a total transaction of $91,440.00. Following the purchase, the director owned 5,000 shares in the company, valued at approximately $457,200. This represents a 25.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul J. Krump purchased 2,678 shares of the stock in a transaction on Friday, August 8th. The stock was bought at an average cost of $93.31 per share, for a total transaction of $249,884.18. Following the completion of the acquisition, the director owned 5,353 shares in the company, valued at approximately $499,488.43. This trade represents a 100.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 17.02% of the stock is owned by corporate insiders.

Brown & Brown Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Wednesday, November 5th will be issued a $0.165 dividend. This is an increase from Brown & Brown’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 5th. Brown & Brown’s dividend payout ratio is presently 17.96%.

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.