Brown & Brown, Inc. (BRO)

NYSE: BRO · IEX Real-Time Price · USD
60.48
-0.41 (-0.67%)
Sep 30, 2022 4:00 PM EDT - Market closed
-0.67%
Market Cap 17.08B
Revenue (ttm) 3.25B
Net Income (ttm) 613.57M
Shares Out 282.45M
EPS (ttm) 2.16
PE Ratio 28.00
Forward PE 23.09
Dividend $0.41 (0.68%)
Ex-Dividend Date Aug 9, 2022
Volume 1,760,362
Open 60.81
Previous Close 60.89
Day's Range 60.29 - 61.70
52-Week Range 52.91 - 74.00
Beta 0.81
Analysts Buy
Price Target 71.74 (+18.6%)
Earnings Date Oct 24, 2022

About BRO

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. It serves commercial, public and quasi-public entities, professi... [Read more...]

Industry Insurance
Founded 1939
CEO J. Powell Brown
Employees 12,023
Stock Exchange NYSE
Ticker Symbol BRO
Full Company Profile

Financial Performance

In 2021, Brown & Brown's revenue was $3.05 billion, an increase of 16.76% compared to the previous year's $2.61 billion. Earnings were $587.10 million, an increase of 22.19%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for BRO stock is "Buy." The 12-month stock price forecast is 71.74, which is an increase of 18.62% from the latest price.

Price Target
$71.74
(18.62% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Brown & Brown (BRO) is a Top-Ranked Growth Stock: Should You Buy?

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

1 week ago - Zacks Investment Research

Brown & Brown (BRO) Expands Global Presence With Buyout

Brown & Brown's (BRO) buyout of Smithwick & Mariners will boost the acquirer's capabilities to serve the marine industry while Smithwick & Mariners will be able to leverage BRO's compelling portfolio.

2 weeks ago - Zacks Investment Research

Brown & Brown, Inc. announces the asset acquisition of Smithwick & Mariners Insurance, MidCoast Insurance and Chapman...

DAYTONA BEACH, Fla., Sept. 13, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Scott Smithwick and Chris Smithwick, today announced that Brown ...

2 weeks ago - GlobeNewsWire

Brown & Brown, Inc. announces the asset acquisition of VistaNational Insurance Group, Inc.

DAYTONA BEACH, Fla., Sept. 12, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Kahlil Hogan, Thomas Mathew, Richard Mathews, William Novak, Dav...

2 weeks ago - GlobeNewsWire

National Programs Announces Promotions at Orchid Underwriters

SAN DIEGO--(BUSINESS WIRE)-- #TheFirstChoice--Kathy Cody has been named chief executive officer of Orchid Underwriters Agency, and Ross Bowie has been named its president and chief underwriting officer....

3 weeks ago - Business Wire

Brown & Brown (BRO) Gains 12% in a Year: More Upside Left?

Strong performing segments, strategic buyouts to capitalize on growing markets opportunities, sturdy financial standing and effective capital deployment continue to drive Brown & Brown (BRO).

1 month ago - Zacks Investment Research

Brown & Brown (BRO) Up 5.5% Since Last Earnings Report: Can It Continue?

Brown & Brown (BRO) reported earnings 30 days ago. What's next for the stock?

1 month ago - Zacks Investment Research

Brown & Brown, Inc. completes the acquisition of BdB Limited companies

DAYTONA BEACH, Fla., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously-announced acquisition of the general insurance operating companies ...

1 month ago - GlobeNewsWire

Brown & Brown's (BRO) Q2 Earnings, Revenues Top, Rise Y/Y

Brown & Brown's (BRO) Q2 results reflect improved organic growth and higher commissions and fees, partly offset by higher expenses.

2 months ago - Zacks Investment Research

Brown & Brown (BRO) Surpasses Q2 Earnings and Revenue Estimates

Brown & Brown (BRO) delivered earnings and revenue surprises of 4.08% and 4.43%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Brown & Brown, Inc. announces quarterly revenues of $839.7 million, an increase of 15.5%, diluted net income per shar...

DAYTONA BEACH, Fla., July 25, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") today announced its unaudited financial results for the second quarter of 2022.

2 months ago - GlobeNewsWire

Brown & Brown, Inc. announces quarterly cash dividend

DAYTONA BEACH, Fla., July 20, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces that the Board of Directors has declared a regular quarterly cash dividend of $0.1025 per share. The divi...

2 months ago - GlobeNewsWire

Brown & Brown, Inc. completes the acquisition of Global Risk Partners Limited

DAYTONA BEACH, Fla., July 05, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously-announced acquisition of Global Risk Partners Limited.

2 months ago - GlobeNewsWire

Brown & Brown, Inc., completes the acquisition of Patrick Quinlan Insurance by O'Leary Insurance Ltd.

DAYTONA BEACH, Fla., July 01, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously announced acquisition of Quinlan Insurance by O'Leary Insurances Lt...

3 months ago - GlobeNewsWire

Brown & Brown, Inc. announces 2022 second-quarter earnings release and conference call dates

DAYTONA BEACH, Fla., June 30, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2022 second-quarter earnings on Monday, July 25, 2022, after the close of the market....

3 months ago - GlobeNewsWire

Why You Should Add Brown & Brown (BRO) Stock to Your Kitty

Improving new business, solid retention and continued rate increases for most lines of coverage poise Brown & Brown (BRO) well for growth.

3 months ago - Zacks Investment Research

Brown & Brown (BRO) Strengthens Portfolio With Profits Creation

Brown & Brown's (BRO) unit Brown & Brown Dealer Services acquires Profits Creation to extend its presence in the Southeast.

3 months ago - Zacks Investment Research

Brown & Brown, Inc. announces the acquisition of Profits Creation Corp. by Brown & Brown Dealer Services

DAYTONA BEACH, Fla., June 08, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Gerry White, owner of Profits Creation Corp. (“Profits Creation”)...

3 months ago - GlobeNewsWire

Brown & Brown (BRO) Expands in New York With Dealer Specialties

Brown & Brown's (BRO) unit Brown & Brown Dealer Services acquires Dealer Specialties to extend its presence in New York.

3 months ago - Zacks Investment Research

Brown & Brown, Inc. announces the acquisition of Dealer Specialties Group Corp. by Brown & Brown Dealer Services

DAYTONA BEACH, Fla., June 01, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Andrew (Andy) Courchaine, owner of Dealer Specialties Group Corp....

4 months ago - GlobeNewsWire

Should You Retain Brown & Brown (BRO) Stock in Your Portfolio?

Brown & Brown (BRO) is well poised for growth on the back of favorable growth estimates new businesses, better customer retention and low leverage.

4 months ago - Zacks Investment Research

Brown & Brown (BRO) Down 14.8% Since Last Earnings Report: Can It Rebound?

Brown & Brown (BRO) reported earnings 30 days ago. What's next for the stock?

4 months ago - Zacks Investment Research

Brown & Brown, Inc. announces the appointment of Kiet Tran as chief technology officer

DAYTONA BEACH, Fla., May 17, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the “Company”) has announced the appointment of Kiet Tran as chief technology officer for Brown & Brown.

4 months ago - GlobeNewsWire

Brown & Brown (BRO) Strengthens Portfolio With CTI Buyout

Brown & Brown's (BRO) unit Brown & Brown of Massachusetts acquires Claim Technologies to assess the performance of administrators of employee benefit plans.

4 months ago - Zacks Investment Research

Brown & Brown, Inc. announces the asset acquisition of Claim Technologies Incorporated

DAYTONA BEACH, Fla., May 16, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Donald (Don) R. Brandt and Randall (Randy) J. Brandt, the principa...

4 months ago - GlobeNewsWire