Zacks Research Forecasts Higher Earnings for Brown & Brown

Brown & Brown, Inc. (NYSE:BRO) – Equities research analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for Brown & Brown in a research note issued on Monday, November 18th. Zacks Research analyst T. De now expects that the financial services provider will earn $3.72 per share for the year, up from their previous estimate of $3.67. The consensus estimate for Brown & Brown’s current full-year earnings is $3.73 per share. Zacks Research also issued estimates for Brown & Brown’s Q4 2024 earnings at $0.74 EPS, Q1 2025 earnings at $1.23 EPS, Q2 2025 earnings at $1.00 EPS, Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.88 EPS, FY2025 earnings at $4.05 EPS, Q1 2026 earnings at $1.13 EPS, Q2 2026 earnings at $1.04 EPS, Q3 2026 earnings at $1.09 EPS and FY2026 earnings at $4.36 EPS.

Brown & Brown (NYSE:BRO) last issued its earnings results on Monday, October 28th. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Brown & Brown had a net margin of 22.65% and a return on equity of 17.12%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned $0.71 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year.

Other equities analysts have also issued research reports about the company. Raymond James raised their price target on Brown & Brown from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods upped their price target on shares of Brown & Brown from $86.00 to $92.00 and gave the stock an “underperform” rating in a research report on Friday, July 26th. Royal Bank of Canada lifted their price objective on shares of Brown & Brown from $113.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Bank of America increased their target price on Brown & Brown from $108.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Truist Financial boosted their price target on Brown & Brown from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Brown & Brown has a consensus rating of “Hold” and a consensus price target of $106.50.

Brown & Brown Trading Down 0.4 %

BRO opened at $109.37 on Wednesday. Brown & Brown has a 52 week low of $69.13 and a 52 week high of $114.08. The company has a market capitalization of $31.27 billion, a P/E ratio of 29.80, a PEG ratio of 2.54 and a beta of 0.82. The stock’s fifty day moving average is $105.63 and its two-hundred day moving average is $98.46. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.52.

Institutional Investors Weigh In On Brown & Brown

Several hedge funds have recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new stake in shares of Brown & Brown during the 3rd quarter worth approximately $26,000. Crewe Advisors LLC increased its holdings in Brown & Brown by 330.4% in the second quarter. Crewe Advisors LLC now owns 297 shares of the financial services provider’s stock valued at $27,000 after buying an additional 228 shares in the last quarter. ST Germain D J Co. Inc. increased its holdings in Brown & Brown by 298.5% in the third quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Brown & Brown in the third quarter worth about $29,000. Finally, Blue Trust Inc. grew its position in shares of Brown & Brown by 142.3% during the 2nd quarter. Blue Trust Inc. now owns 550 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 323 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Chairman Hyatt J. Brown sold 134,640 shares of Brown & Brown stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $104.51, for a total transaction of $14,071,226.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 16.43% of the stock is currently owned by insiders.

Brown & Brown Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, November 6th. This is a positive change from Brown & Brown’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.55%. Brown & Brown’s payout ratio is 16.35%.

Brown & Brown Company Profile

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.