Brown & Brown, Inc. (NYSE:BRO - Free Report) - Stock analysts at William Blair issued their FY2026 earnings per share estimates for shares of Brown & Brown in a research note issued on Thursday, January 23rd. William Blair analyst A. Klauber forecasts that the financial services provider will earn $4.47 per share for the year. The consensus estimate for Brown & Brown's current full-year earnings is $3.74 per share.
A number of other equities analysts have also commented on the company. Keefe, Bruyette & Woods cut their price objective on Brown & Brown from $99.00 to $97.00 and set an "underperform" rating on the stock in a research note on Friday, January 10th. Morgan Stanley initiated coverage on Brown & Brown in a report on Thursday, December 5th. They set an "overweight" rating and a $134.00 price objective for the company. StockNews.com downgraded Brown & Brown from a "buy" rating to a "hold" rating in a report on Saturday, November 2nd. Wells Fargo & Company upped their price target on Brown & Brown from $112.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, Bank of America upped their price target on Brown & Brown from $108.00 to $117.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $112.08.
View Our Latest Stock Report on Brown & Brown
Brown & Brown Price Performance
Brown & Brown stock traded up $1.46 during midday trading on Monday, reaching $107.46. The company's stock had a trading volume of 1,174,738 shares, compared to its average volume of 1,569,008. The business has a 50-day moving average price of $105.75 and a 200-day moving average price of $103.89. Brown & Brown has a 52 week low of $75.79 and a 52 week high of $114.15. The stock has a market cap of $30.73 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 2.12 and a beta of 0.85. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.52.
Brown & Brown (NYSE:BRO - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. Brown & Brown had a return on equity of 17.12% and a net margin of 22.65%. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the business earned $0.71 EPS. The company's quarterly revenue was up 11.0% compared to the same quarter last year.
Institutional Investors Weigh In On Brown & Brown
Several institutional investors have recently bought and sold shares of BRO. Zurich Insurance Group Ltd FI lifted its holdings in Brown & Brown by 258.0% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 646,574 shares of the financial services provider's stock worth $66,985,000 after buying an additional 465,988 shares during the period. Truist Financial Corp lifted its stake in shares of Brown & Brown by 392.3% in the 2nd quarter. Truist Financial Corp now owns 472,953 shares of the financial services provider's stock valued at $42,287,000 after purchasing an additional 376,892 shares during the period. Barclays PLC lifted its stake in shares of Brown & Brown by 17.8% in the 3rd quarter. Barclays PLC now owns 2,466,582 shares of the financial services provider's stock valued at $255,537,000 after purchasing an additional 371,980 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Brown & Brown by 771.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 415,134 shares of the financial services provider's stock valued at $43,008,000 after purchasing an additional 367,500 shares during the period. Finally, FMR LLC increased its position in Brown & Brown by 42.4% during the 3rd quarter. FMR LLC now owns 1,109,840 shares of the financial services provider's stock valued at $114,979,000 after buying an additional 330,661 shares in the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.
Brown & Brown Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, February 5th. Brown & Brown's dividend payout ratio is presently 16.35%.
About Brown & Brown
(
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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.
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