Brown & Brown, Inc. (BRO)

NYSE: BRO · IEX Real-Time Price · USD
84.24
+0.12 (0.14%)
Feb 23, 2024, 4:00 PM EST - Market closed
0.14%
Market Cap 23.97B
Revenue (ttm) 4.26B
Net Income (ttm) 870.50M
Shares Out 284.60M
EPS (ttm) 3.05
PE Ratio 27.62
Forward PE 25.91
Dividend $0.52 (0.62%)
Ex-Dividend Date Feb 1, 2024
Volume 854,220
Open 84.60
Previous Close 84.12
Day's Range 83.90 - 84.60
52-Week Range 52.82 - 84.60
Beta 0.78
Analysts Buy
Price Target 82.10 (-2.54%)
Earnings Date Jan 22, 2024

About BRO

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 ... [Read more]

Sector Financials
Founded 1939
Employees 16,152
Stock Exchange NYSE
Ticker Symbol BRO
Full Company Profile

Financial Performance

In 2023, Brown & Brown's revenue was $4.26 billion, an increase of 19.13% compared to the previous year's $3.57 billion. Earnings were $870.50 million, an increase of 29.58%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for BRO stock is "Buy." The 12-month stock price forecast is $82.1, which is a decrease of -2.54% from the latest price.

Price Target
$82.1
(-2.54% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Brown & Brown, Inc. announces fourth quarter 2023 results, including total revenues of $1,026.2 million, an increase of 13.8%; Organic Revenue growth of 7.7%; diluted net income per share of $0.94; Diluted Net Income Per Share - Adjusted of $0.58; and a new alignment of its businesses into three segments

DAYTONA BEACH, Fla., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") announced its unaudited financial results for the fourth quarter and full year of 2023.

4 weeks ago - GlobeNewsWire

Kathleen A. Savio named to Brown & Brown, Inc. board of directors

DAYTONA BEACH, Fla., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces the addition of Kathleen A. Savio, former chief transformation officer of Zurich Insurance Group, to Br...

5 weeks ago - GlobeNewsWire

Brown & Brown, Inc. announces quarterly cash dividend

DAYTONA BEACH, Fla., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces that the board of directors has declared a regular quarterly cash dividend of $0.13 per share. The divi...

5 weeks ago - GlobeNewsWire

Brown & Brown, Inc. announces 2023 fourth-quarter earnings release and conference call dates

DAYTONA BEACH, Fla., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2023 fourth-quarter earnings on Monday, January 22, 2024, after the close of the ma...

7 weeks ago - GlobeNewsWire

Brown & Brown, Inc. enters into agreement to acquire Caton-Hosey Insurance

DAYTONA BEACH, Fla., Dec. 26, 2023 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Rex Caton and John Hosey, the owners of Caton-Hosey Insurance (...

2 months ago - GlobeNewsWire

Brown & Brown, Inc. enters into agreement to acquire Automotive Business Solutions

DAYTONA BEACH, Fla., Dec. 08, 2023 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Michael Cox and Craig Sanford, the management owners of ABS Ris...

2 months ago - GlobeNewsWire

Bridge Specialty Group announces appointment of Tim Coles as chief executive officer for European brokerage operations

DAYTONA BEACH, Fla., Nov. 22, 2023 (GLOBE NEWSWIRE) -- Bridge Specialty Group, the Wholesale Brokerage segment of Brown & Brown, Inc. (NYSE: BRO), announced that Tim Coles has been named chief executi...

3 months ago - GlobeNewsWire

67 Best Dividend Stocks for Dependable Dividend Growth

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4 months ago - Kiplinger

Brown & Brown, Inc. announces sale of certain third-party administer businesses and enters into long-term strategic relationship with Davies Group Ltd.

DAYTONA BEACH, Fla., Oct. 31, 2023 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), today announced an agreement with Davies Group Ltd. (“Davies”) that...

4 months ago - GlobeNewsWire

Brown & Brown, Inc. announces third quarter 2023 results, including total revenues of $1,067.7 million, an increase of 15.1%; Organic Revenue growth of 9.6%; diluted net income per share of $0.62; and Diluted Net Income Per Share - Adjusted of $0.71

DAYTONA BEACH, Fla., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") today announced its unaudited financial results for the third quarter of 2023.

4 months ago - GlobeNewsWire

Brown & Brown, Inc. announces 13% increase in quarterly cash dividend rate

DAYTONA BEACH, Fla., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) today announced that the board of directors has declared a regular quarterly cash dividend of $0.13 per share. Th...

4 months ago - GlobeNewsWire

Brown & Brown, Inc. announces the asset acquisition of The Pacific Underwriters Corporation

DAYTONA BEACH, Fla., Oct. 17, 2023 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Diane M. Darling, Randall R. Flem and Richard C. Rodruck, the s...

4 months ago - GlobeNewsWire

Brown & Brown, Inc. completes the acquisition of Kentro Capital Limited

DAYTONA BEACH, Fla., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) today announced the completion of the previously announced acquisition of Kentro Capital Limited into the operati...

4 months ago - GlobeNewsWire

Brown & Brown, Inc. announces 2023 third-quarter earnings release and conference call dates

DAYTONA BEACH, Fla., Oct. 02, 2023 (GLOBE NEWSWIRE) --  Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2023 third-quarter earnings on Monday, October 23, 2023, after the close of the ma...

5 months ago - GlobeNewsWire

Brown & Brown, Inc. is named one of the Best Workplaces in Financial Services & Insurance by Great Place to Work® and Fortune

DAYTONA BEACH, Fla., Sept. 08, 2023 (GLOBE NEWSWIRE) -- J. Powell Brown, president and chief executive officer, and Julie Turpin, chief people officer, are pleased to announce that Great Place To Work...

6 months ago - GlobeNewsWire

Brown & Brown promotes Mike Bruce to chief executive officer of Brown & Brown Europe; enhances collaboration of European operations

DAYTONA BEACH, Fla., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) has announced the promotion of Mike Bruce to chief executive officer of Brown & Brown Europe. Mike was formerly ...

6 months ago - GlobeNewsWire

Brown & Brown, Inc. to host Investor Day

DAYTONA BEACH, Fla., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) will host an Investor Day on Thursday, September 14, 2023, at Brown & Brown's Beach Street Campus in Daytona Beac...

6 months ago - GlobeNewsWire

Brown & Brown, Inc. announces second quarter 2023 results, including total revenues of $1,047.3 million, an increase of 24.7%; Organic Revenue growth of 11.2%; diluted net income per share of $0.67; and Diluted Net Income Per Share - Adjusted of $0.68

DAYTONA BEACH, Fla., July 24, 2023 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") today announced its unaudited financial results for the second quarter of 2023.

7 months ago - GlobeNewsWire

Brown & Brown, Inc. enters into agreement to acquire New England Excess Exchange

DAYTONA BEACH, Fla., July 24, 2023 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Ralf H. “Goober” Schaarschmidt II and Todd Wood, the owners of ...

7 months ago - GlobeNewsWire

Brown & Brown, Inc. Announces Quarterly Cash Dividend

DAYTONA BEACH, Fla., July 19, 2023 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces that the board of directors has declared a regular quarterly cash dividend of $0.1150 per share. The di...

7 months ago - GlobeNewsWire

Brown & Brown, Inc. announces 2023 second-quarter earnings release and conference call dates

DAYTONA BEACH, Fla., June 30, 2023 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2023 second-quarter earnings on Monday, July 24, 2023, after the close of the marke...

8 months ago - GlobeNewsWire

Paul J. Krump and Bronislaw E. Masojada named to Brown & Brown, Inc. board of directors

DAYTONA BEACH, Fla., June 23, 2023 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces the addition of Paul J. Krump and Bronislaw (Bronek) E. Masojada to Brown & Brown's board of directors.

8 months ago - GlobeNewsWire

Brown & Brown, Inc. announces the appointment of Barry Hensley as chief security officer and Rob Burch as chief information security officer

DAYTONA BEACH, Fla., June 01, 2023 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the “Company”) has announced the appointment of Barry Hensley as chief security officer (CSO) and Rob Burch as ch...

9 months ago - GlobeNewsWire

Brown & Brown, Inc. announces the appointment of Pattysue Rauh as chief audit officer

DAYTONA BEACH, Fla., May 25, 2023 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the “Company”) has announced the appointment of Pattysue Rauh as chief audit officer for Brown & Brown, effective ...

9 months ago - GlobeNewsWire

Brown & Brown, Inc. enters into agreement to acquire Kentro Capital Limited d/b/a Nexus Underwriting and Xenia Broking

DAYTONA BEACH, Fla., May 22, 2023 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), today announced that Brown & Brown has entered into an agreement to ...

9 months ago - GlobeNewsWire