On September 15, 2023, Truist Securities analyst Mark Hughes reaffirmed his positive outlook on Brown & Brown (NYSE:BRO) and maintained a target price of $85. While the average one-year target price for Brown & Brown as of April 23, 2023, stands at $67.52, with a range spanning from $59.59 to $73.50, some analysts anticipate that the stock price could climb as high as $74.57 by August 9, 2024.
Brown & Brown operates as an insurance agency, wholesale brokerage, and service organization, offering a range of insurance programs. The company is divided into several segments, including Retail, National Programs, Wholesale Brokerage, and Services.
In a move that reflects the company’s stability and commitment to shareholders, Brown & Brown announced a regular quarterly dividend of $0.12 per share on April 24, 2023. With the current share price at $62.82, this dividend equates to a yield of 0.73%.
Overall, industry analysts appear to be optimistic about the potential of Brown & Brown’s stock. Of the analysts covering the company, six have assigned it a buy rating, while four recommend holding the stock.
Brown & Brown, Inc.
BRO
Strong Buy
Updated on: 04/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
BRO Stock Performance: Slight Decline on September 15, 2023, but Positive Growth and Stability Expected
On September 15, 2023, Brown & Brown Inc. (BRO) experienced a slight decline in its stock performance. Starting with the previous day’s closing price of $73.28, BRO’s stock opened at $72.76 on September 15th. Throughout the day, the stock’s price fluctuated within a range of $72.48 to $73.16. With a volume of 388,839 shares traded, it is worth noting that this is significantly lower than the average volume of 1,068,393 shares over the past three months.
BRO’s market capitalization stands at $20.7 billion, indicating its size and significance within the insurance brokers/services industry. The company has demonstrated positive earnings growth over the past year, with a growth rate of 14.18%. Furthermore, BRO’s earnings growth for this year is 11.31%, which suggests continued financial stability and potential for future growth. Looking ahead, analysts predict a 9.00% earnings growth for the next five years, indicating a positive long-term outlook for the company.
In terms of revenue growth, BRO experienced a significant increase of 17.11% in the past year, reflecting its ability to generate higher sales. This growth is likely attributed to the company’s strong position within the insurance brokers/services sector.
When considering valuation metrics, BRO has a price-to-earnings (P/E) ratio of 28.3, indicating that investors are willing to pay 28.3 times the company’s earnings per share (EPS) for its stock. The price-to-sales ratio (P/S) stands at 4.44, suggesting that investors are willing to pay 4.44 times the company’s annual revenue for its stock. Additionally, the price-to-book (P/B) ratio is 4.50, indicating that investors are valuing the company at 4.50 times its book value.
Taking a broader perspective, it is important to note that BRO operates in the finance sector, specifically within the insurance brokers/services industry. The company is headquartered in Daytona Beach, Florida, and has no executives listed.
Looking ahead, BRO’s next reporting date is scheduled for October 23, 2023. Analysts forecast an EPS of $0.60 for this quarter. Considering the company’s annual revenue of $3.6 billion and annual profit of $659.1 million in the previous year, BRO maintains a healthy net profit margin of 18.44%.
In conclusion, while BRO’s stock experienced a slight decline on September 15, 2023, the overall performance of the company indicates positive growth and stability. With a strong earnings growth rate and a significant increase in revenue, BRO demonstrates its ability to generate profitable results. Investors should keep an eye on the company’s upcoming earnings report and monitor any potential developments within the insurance brokers/services industry.
Brown & Brown Inc (BRO) Stock Analysis: Promising Signs for Potential Growth in 2023
On September 15, 2023, the stock performance of Brown & Brown Inc (BRO) showed promising signs based on the information provided. According to data from CNN Money, the 10 analysts who offered 12-month price forecasts for BRO had a median target of $78.50, with a high estimate of $85.00 and a low estimate of $70.00. This median estimate represents a +7.73% increase from the last price of $72.87.
The consensus among 13 polled investment analysts is to hold stock in Brown & Brown Inc. This rating has remained steady since August, indicating that there has been no change in sentiment towards the company’s stock.
Looking at the current quarter’s financials, Brown & Brown Inc reported earnings per share of $0.60 and sales of $1.0 billion. These figures provide some insight into the company’s financial performance and can be used to assess its potential for growth.
Based on the 12-month price forecasts and the hold rating from investment analysts, it seems that there is a positive outlook for Brown & Brown Inc. The median target price of $78.50 suggests that analysts expect the stock to increase by 7.73% in the next 12 months.
Investors should take note of the company’s upcoming reporting date on October 23. This will provide an opportunity to gain further insights into Brown & Brown Inc’s financial performance and potentially impact the stock’s future performance.
Overall, based on the information provided, it appears that Brown & Brown Inc is positioned for potential growth in the coming months. However, investors should conduct their own research and consider other factors before making any investment decisions.
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