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

Company Overview

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.

Key Stats

• Today's Range: $108.47 to $109.95
• 50-Day Range: $101.01 to $112.44
• 52-Week Range: $69.13 to $114.08
• Volume: 1.02 million shs
• Average Volume: 1.32 million shs
• Market Capitalization: $31.34 billion
• P/E Ratio: 29.87
• Dividend Yield: 0.55%
• Price Target: $106.50
• Consensus Rating: Moderate Buy

Brown & Brown Stock Analysis - MarketRank™

Brown & Brown scored higher than 88% of companies evaluated by MarketBeat, and ranked 179th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Brown & Brown has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Brown & Brown has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.85%

Earnings Growth

Earnings for Brown & Brown are expected to grow by 8.85% in the coming year, from $3.73 to $4.06 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Brown & Brown is 29.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Brown & Brown is 29.87, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Price to Earnings Growth Ratio

Brown & Brown has a PEG Ratio of 2.54. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Brown & Brown has a P/B Ratio of 5.59. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.91% of the float of Brown & Brown has been sold short.

Short Interest Ratio / Days to Cover

Brown & Brown has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Brown & Brown has recently increased by 20.59%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Brown & Brown has a dividend yield of 0.55%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Brown & Brown does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Brown & Brown is 16.35%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Brown & Brown will have a dividend payout ratio of 14.78% next year. This indicates that Brown & Brown will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.5 / 5
• Environmental Score: -0.58

Percentage of Shares Shorted

1.91% of the float of Brown & Brown has been sold short.

Short Interest Ratio / Days to Cover

Brown & Brown has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Brown & Brown has recently increased by 20.59%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.76

News Sentiment

Brown & Brown has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 23 news articles for Brown & Brown this week, compared to 63 articles on an average week.

Search Interest

Only 5 people have searched for BRO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

37 people have added Brown & Brown to their MarketBeat watchlist in the last 30 days. This is an increase of 147% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Brown & Brown insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,071,226.00 in company stock.

Percentage Held by Insiders

16.43% of the stock of Brown & Brown is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

71.01% of the stock of Brown & Brown is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BRO Stock Analysis - Frequently Asked Questions

How have BRO shares performed this year?

Brown & Brown's stock was trading at $71.11 on January 1st, 2024. Since then, BRO stock has increased by 54.1% and is now trading at $109.61.
View the best growth stocks for 2024 here.

How were Brown & Brown's earnings last quarter?

Brown & Brown, Inc. (NYSE:BRO) issued its quarterly earnings data on Monday, October, 28th. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. The business's revenue was up 11.0% on a year-over-year basis.

When did Brown & Brown's stock split?

Brown & Brown's stock split on Thursday, March 29th 2018. The 2-1 split was announced on Monday, February 26th 2018. The newly minted shares were issued to shareholders after the market closes on Wednesday, March 28th 2018. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Who are Brown & Brown's major shareholders?

Top institutional investors of Brown & Brown include Principal Financial Group Inc. (4.49%), State Street Corp (3.80%), Geode Capital Management LLC (2.09%) and Allspring Global Investments Holdings LLC (1.37%). Insiders that own company stock include R Andrew Watts, Stephen M Boyd, Hugh M Brown, H Palmer Proctor Jr, Julie Turpin, Lawrence L Gellerstedt III, Bronislaw Edmund Masojada and Hyatt J Brown.
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.

What other stocks do shareholders of Brown & Brown own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Brown & Brown investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 10/28/2024
• Ex-Dividend for 11/13 Dividend: 11/06/2024
• Dividend Payable: 11/13/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/27/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Insurance agents, brokers, & service
• Sub-Industry: Insurance Brokers
• Current Symbol: NYSE:BRO
• CUSIP: 11523610
• CIK: 79282
• Web: www.bbinsurance.com
• Phone: (386) 252-9601
• Fax: 386-239-5729
• Employees: 9,705
• Year Founded: 1939

Price Target and Rating

• Average Stock Price Target: $106.50
• High Stock Price Target: $120.00
• Low Stock Price Target: $83.00
• Potential Upside/Downside: -2.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.67
• Trailing P/E Ratio: 29.87
• Forward P/E Ratio: 29.39
• P/E Growth: 2.54
• Net Income: $870.50 million
• Net Margins: 22.65%
• Pretax Margin: 29.76%
• Return on Equity: 17.12%
• Return on Assets: 6.47%

Debt

• Debt-to-Equity Ratio: 0.52
• Current Ratio: 1.73
• Quick Ratio: 1.73

Sales & Book Value

• Annual Sales: $4.26 billion
• Price / Sales: 7.36
• Cash Flow: $3.06 per share
• Price / Cash Flow: 35.86
• Book Value: $19.60 per share
• Price / Book: 5.59

Miscellaneous

• Outstanding Shares: 285,960,000
• Free Float: 238,975,000
• Market Cap: $31.34 billion
• Optionable: Optionable
• Beta: 0.82