Brokers Set Expectations for Brown & Brown FY2028 Earnings

Brown & Brown, Inc. (NYSE:BRO) – Research analysts at DOWLING & PARTN issued their FY2028 earnings per share estimates for Brown & Brown in a note issued to investors on Friday, July 31st. DOWLING & PARTN analyst J. Christiana forecasts that the financial services provider will post earnings per share of $5.50 for the year. The consensus estimate for Brown & Brown’s current full-year earnings is $4.49 per share.

Brown & Brown (NYSE:BRO) last announced its earnings results on Monday, July 27th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.71 billion. Brown & Brown had a net margin of 17.75% and a return on equity of 13.17%. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 EPS.

A number of other analysts have also commented on BRO. Citigroup lowered shares of Brown & Brown from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $70.00 to $79.00 in a research report on Wednesday, July 29th. Wells Fargo & Company reduced their target price on shares of Brown & Brown from $69.00 to $68.00 and set an “equal weight” rating for the company in a report on Thursday, July 9th. UBS Group reaffirmed a “neutral” rating and issued a $73.00 target price (up from $65.00) on shares of Brown & Brown in a research report on Wednesday, July 8th. Truist Financial set a $90.00 price target on shares of Brown & Brown in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Brown & Brown in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Brown & Brown has a consensus rating of “Hold” and an average target price of $76.47.

Brown & Brown Trading Down 0.8%

NYSE:BRO opened at $71.21 on Wednesday. The company has a market cap of $23.83 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 3.59 and a beta of 0.59. Brown & Brown has a twelve month low of $53.81 and a twelve month high of $98.30. The business has a 50 day moving average price of $64.22 and a two-hundred day moving average price of $66.26. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.58.

Hedge Funds Weigh In On Brown & Brown

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ICONIQ Capital LLC increased its holdings in shares of Brown & Brown by 5.4% in the second quarter. ICONIQ Capital LLC now owns 2,110 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 109 shares during the last quarter. Zacks Investment Management lifted its stake in shares of Brown & Brown by 0.7% during the 3rd quarter. Zacks Investment Management now owns 17,854 shares of the financial services provider’s stock worth $1,675,000 after buying an additional 125 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Brown & Brown by 13.1% during the 4th quarter. Private Trust Co. NA now owns 1,147 shares of the financial services provider’s stock worth $91,000 after buying an additional 133 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of Brown & Brown by 2.1% during the 3rd quarter. Moors & Cabot Inc. now owns 6,805 shares of the financial services provider’s stock worth $638,000 after buying an additional 142 shares during the period. Finally, Independent Advisor Alliance boosted its holdings in shares of Brown & Brown by 0.5% during the 4th quarter. Independent Advisor Alliance now owns 33,805 shares of the financial services provider’s stock worth $2,694,000 after buying an additional 162 shares during the period. 71.01% of the stock is owned by institutional investors.

Brown & Brown Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $0.66 annualized dividend and a yield of 0.9%. Brown & Brown’s dividend payout ratio (DPR) is currently 20.82%.

Brown & Brown Company Profile

Brown & Brown, Inc (NYSE: BRO) is a professional insurance brokerage and risk advisory firm that provides a broad range of property and casualty, employee benefits, personal risk, and specialty insurance products. The company works with commercial, public sector and individual clients to design and place insurance programs, manage claims and loss control, and deliver risk management consulting. Its services also include wholesale brokerage, program administration and other specialty distribution solutions that connect carriers and intermediaries to niche markets.

Brown & Brown operates through a decentralized model of operating units and subsidiaries, enabling local client service with the scale to access national and specialty markets.