|Bid||41.00 x 3200|
|Ask||42.73 x 800|
|Day's Range||42.57 - 43.73|
|52 Week Range||30.70 - 48.69|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||27.75|
|Earnings Date||Jul 20, 2020 - Jul 24, 2020|
|Forward Dividend & Yield||0.34 (0.81%)|
|Ex-Dividend Date||May 08, 2020|
|1y Target Est||39.67|
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Brown & Brown (BRO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Morgan Stanley (NYSE:MS) analyst Michael Phillips CFA maintained a Hold rating on Brown & Brown (NYSE:BRO) on Monday, setting a price target of $43, which is approximately 16.22% above the present share price of $37.
Brown & Brown (BRO) is well poised for growth on the back of strategic mergers and acquisitions and robust capital position slightly offset by higher expenses.
Brown & Brown, Inc. (BRO) today announced the completion of the previously announced acquisition of Loan Protector Insurance Services by Brown & Brown, Inc. The Loan Protector operations will join with Brown & Brown’s subsidiary, Proctor Financial, to operate as Proctor Loan Protector. Brown & Brown, Inc. is a leading insurance brokerage firm, providing risk management solutions to individuals and businesses. This press release may contain certain statements relating to future results which are forward-looking statements, including those associated with this acquisition.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Brown & Brown, Inc. New York, May 01, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Brown & Brown, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Brown & Brown, Inc. (NYSE:BRO) investors will be delighted, with the company turning in some strong numbers with its...
DAYTONA BEACH, Fla., April 27, 2020 -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") today announced its unaudited financial results for the first quarter of 2020..
DAYTONA BEACH, Fla., April 23, 2020 -- Brown & Brown, Inc. (NYSE:BRO) today announced that the Board of Directors has declared a regular quarterly cash dividend of $0.085.
Brown & Brown, Inc. (BRO) today announced it will be opening the resources of the Brown & Brown Relief Center for anyone in need, whether the company is a current customer or not. Through the Relief Center website, companies and their current or former employees can access products and services at a discount. “Brown & Brown has a long-standing history of dedication to the people and communities in which we live, work, and play,” commented Brown & Brown President and Chief Executive Officer, Powell Brown.
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (BRO), and Kevin Sheets and Chris Carter, the owners of Dealer Financial Services of NC, Inc. d/b/a The Sterling Group (“Sterling Group”), today announced that Brown & Brown Dealer Services (“BBDS”) has acquired substantially all of the assets of Sterling Group. For over 25 years, the Sterling Group has been a leader in the region in guiding its dealer partners with F&I product and sales training, customer retention strategies and F&I performance management. Kevin and Chris will continue to lead the operation from the Sterling Group’s office in Wilkesboro, North Carolina.
Brown & Brown, Inc. (BRO) announces that it will release its 2020 first-quarter earnings on Monday, April 27, 2020, after the close of the market. On Tuesday, April 28, 2020, J. Powell Brown, President and Chief Executive Officer, and R. Andrew Watts, Executive Vice President and Chief Financial Officer of Brown & Brown, Inc., will host an investor update conference call concerning Brown & Brown's first-quarter 2020 financial results. You are invited to listen to the call, which will be broadcast live on Brown & Brown's Internet site at 8:00 a.m. EDT.
Battered U.S. stock markets received some relief on March 24, as share prices nationally and locally climbed based on news of the U.S. Congress nearing a deal on a $2 trillion economic stimulus bill. All of the region’s publicly traded companies saw gains on March 24. For example, Orlando-based Darden Restaurants Inc. (NYSE: DRI) saw the greatest gain.
Brown & Brown, Inc. (BRO) today announced the appointment of Julie Turpin as the new Chief People Officer for the company. Julie has been an integral business leader on our Brown & Brown team since 2012.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
The Advocator Group, LLC, a nationwide disability advocacy and disability insurance services organization, a wholly owned subsidiary of Brown & Brown, Inc. (BRO), has appointed Michael Shunney as Chief Executive Officer. Shunney, a business strategy leader and veteran of the insurance industry, has served as The Advocator Group’s President and Chief Operating Officer since he joined the company in March 2014. Shunney has over 30 years of experience in executive roles in group insurance, with a focus on distribution and sales, value creation, M&A strategy and organizational development.
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (BRO), and Jeffrey “Jeff” L. Hays, Daniel “Dan” O’Connell, Chris D. Skaletsky, the members of RLA Insurance Intermediaries, LLC, today announced that Peachtree Special Risk Brokers, LLC, a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of RLA Insurance Intermediaries. RLA Insurance Intermediaries was founded in 2010 by Jeff Hays and Chris Skaletsky as a wholesale insurance broker serving retail insurance agents. Following the acquisition, the RLA Insurance Intermediaries team will continue doing business from their existing headquarters in Boston, Massachusetts and other locations in West Palm Beach, Florida; Brentwood, Tennessee; Potomac Falls, Virginia; and Manassas, Virginia.
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (BRO), and Robert “Bob” W. Burke, Jason L. Haupt, Gregory “Greg” T. Headen, and Cynthia “Cindy” P. Martin, the principals of The Colonial Group, Inc., Affordable Home Services, Inc., and Mobilhome Insurance Service, Inc. (collectively, The Colonial Group), today announced that Hull & Company, LLC, a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of The Colonial Group and all issued and outstanding shares of its affiliate, Colonial Premium Finance Company.
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (BRO), and Dennis and Dawn Swit, the owners of LP Insurance Services LLC (“Loan Protector”), today announced that Brown & Brown, Inc. (Brown & Brown) has entered into an agreement to acquire the assets of Loan Protector. For over 40 years, Loan Protector Insurance Services has focused on lender placed insurance and insurance tracking services for the mortgage servicing industry. Dennis Swit has been a leader at Loan Protector for 25 years, most recently as owner and CEO.
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (BRO), and Phil and Pamela Bruno, the owners of Northeast Dealer Consultants, Inc. (“NEDC”), today announced that Brown & Brown of Kentucky, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of NEDC. NEDC will become part of Brown & Brown Dealer Services, which operates under the leadership of Mike Neal, President of Brown & Brown of Kentucky, Inc. NEDC will provide Brown & Brown Dealer Services with an enhanced footprint in upstate New York.
Top-ranked insurance broker Brown & Brown, featured in today's IBD 50 Stocks To Watch, is standing its ground in the current market correction.