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Brown & Brown Inc Stock Research

BRO

71.08USD-1.02(-1.41%)Market Closed
Watchlist

Market Summary

USD71.08-1.02
Market Closed
-1.41%

BRO Stock Price

BRO RSI Chart

BRO Valuation

Market Cap

20.2B

Price/Earnings (Trailing)

27.53

Price/Sales (Trailing)

5.05

EV/EBITDA

16.49

Price/Free Cashflow

23.32

BRO Price/Sales (Trailing)

BRO Profitability

EBT Margin

23.92%

Return on Equity

14.18%

Return on Assets

5.13%

Free Cashflow Yield

4.29%

BRO Fundamentals

BRO Revenue

Revenue (TTM)

4.0B

Revenue Y/Y

24.72%

Revenue Q/Q

-6.16%

BRO Earnings

Earnings (TTM)

732.2M

Earnings Y/Y

31.13%

Earnings Q/Q

-19.15%

Price Action

52 Week Range

52.8274.57
(Low)(High)

Last 7 days

-1.7%

Last 30 days

-1.3%

Last 90 days

7.9%

Trailing 12 Months

22.6%

BRO Financial Health

Current Ratio

1.14

BRO Investor Care

Dividend Yield

0.62%

Dividend/Share (TTM)

0.44

Shares Dilution (1Y)

0.50%

Diluted EPS (TTM)

2.59

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for BRO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-08
Hunt James S
gifted
-
-
-216
-
2023-06-21
Masojada Bronislaw Edmund
bought
263,120
65.78
4,000
-
2023-06-16
VARNER CHILTON D
gifted
-
-
-20,000
-
2023-05-24
Hunt James S
acquired
7,219
62.78
115
-
2023-05-03
JENNINGS TONI
acquired
-
-
1,848
-
2023-05-03
PROCTOR H PALMER JR
acquired
-
-
1,848
-
2023-05-03
Hoepner Theodore J
acquired
-
-
1,848
-
2023-05-03
GELLERSTEDT LAWRENCE L III
acquired
-
-
1,848
-
2023-05-03
Reilly Wendell
acquired
-
-
1,848
-
2023-05-03
Main Timothy R.M.
acquired
-
-
1,848
-

1–10 of 50

Which funds bought or sold BRO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Jefferies Group LLC
new
-
2,570,400
2,570,400
0.02%
2023-09-20
BARCLAYS PLC
added
208
45,305,000
62,084,000
0.04%
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
17,656
106,427
0.02%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
unchanged
-
411
2,478
-%
2023-08-28
DT Investment Partners, LLC
unchanged
-
62.00
1,050
-%
2023-08-25
STRATEGY ASSET MANAGERS LLC
added
0.46
53,651
315,991
0.07%
2023-08-24
Alberta Investment Management Corp
unchanged
-
47,964
289,128
-%
2023-08-23
Stonebridge Capital Advisors LLC
unchanged
-
46,822
282,244
0.03%
2023-08-22
Asset Dedication, LLC
unchanged
-
6,000
35,000
-%
2023-08-22
COMERICA BANK
new
-
11,000
11,000
-%

1–10 of 50

Latest Funds Activity

Are funds buying BRO calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own BRO
No. of Funds

Schedule 13G FIlings of Brown & Brown

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
select equity group, l.p.
6.1%
17,261,734
SC 13G/A
Feb 09, 2023
vanguard group inc
9.81%
27,779,153
SC 13G/A
Feb 01, 2023
blackrock inc.
5.8%
16,545,072
SC 13G/A
Feb 14, 2022
select equity group, l.p.
6.5%
18,275,989
SC 13G
Feb 01, 2022
blackrock inc.
6.9%
19,349,635
SC 13G/A
Jan 10, 2022
vanguard group inc
10.01%
28,277,849
SC 13G/A
Feb 10, 2021
vanguard group inc
8.62%
24,488,374
SC 13G/A
Jan 29, 2021
blackrock inc.
9.7%
27,475,696
SC 13G/A
Feb 12, 2020
vanguard group inc
9.10%
25,650,333
SC 13G/A
Feb 10, 2020
blackrock inc.
10.4%
29,213,264
SC 13G/A

Recent SEC filings of Brown & Brown

View All Filings
Date Filed Form Type Document
Sep 14, 2023
8-K
Current Report
Aug 08, 2023
4
Insider Trading
Jul 27, 2023
10-Q
Quarterly Report
Jul 24, 2023
8-K
Current Report
Jun 27, 2023
11-K
Employee Benefit Details
Jun 22, 2023
4
Insider Trading
Jun 21, 2023
4
Insider Trading
Jun 20, 2023
3
Insider Trading
Jun 20, 2023
3
Insider Trading

Peers (Alternatives to Brown & Brown)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
95.6B
21.6B
0.61% 29.56%
29.13
4.43
4.57% -2.84%
67.8B
12.9B
1.04% 22.73%
25.08
5.27
3.53% 78.84%
49.8B
9.2B
2.48% 36.49%
44.74
5.4
7.35% 5.16%
25.2B
13.3B
0.67% 24.34%
20.79
1.9
12.64% 55.58%
20.2B
4.0B
-1.33% 22.61%
27.53
5.05
22.72% 19.33%
9.5B
7.5B
-1.19% -3.17%
11.11
1.26
12.86% -17.26%
MID-CAP
9.2B
12.1B
2.53% 30.03%
6.51
0.77
1.23% 31.52%
7.8B
10.6B
6.45% 0.96%
22.45
0.73
3.62% -71.27%
2.7B
7.5B
5.23% 68.72%
5.04
0.36
-1.40% -38.58%
SMALL-CAP
1.8B
242.3M
27.16% 106.36%
298.37
7.34
37.52% 918.24%
1.4B
1.1B
-3.52% -7.25%
-12.78
1.26
47.14% -2460.07%
207.6M
390.2M
-5.32% 61.73%
-3.36
0.53
-15.74% 60.20%
78.6M
162.3M
-9.88% -80.00%
-0.73
0.39
-9.82% -20.58%
19.6M
146.0M
-4.10% -30.94%
-1.45
0.13
4.52% 41.12%

Brown & Brown News

Nasdaq
Why You Should Add Brown & Brown (BRO) Stock to Your Portfolio.
Nasdaq,
6 days ago
InvestorsObserver
Yahoo Finance

Returns for BRO

Cumulative Returns on BRO

17.3%


10-Year Cumulative Returns

22.4%


7-Year Cumulative Returns

20.4%


5-Year Cumulative Returns

18.6%


3-Year Cumulative Returns

Risks for BRO

What is the probability of a big loss on BRO?

38.5%


Probability that Brown & Brown stock will be more than 20% underwater in next one year

18.5%


Probability that Brown & Brown stock will be more than 30% underwater in next one year.

0%


Probability that Brown & Brown stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BRO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Brown & Brown was unfortunately bought at previous high price.

Drawdowns

Financials for Brown & Brown

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue5.5%3,9923,7853,5733,4113,2533,1413,0512,9552,8592,7302,6132,5502,4952,4712,3922,3222,2342,1322,0141,9801,925
Operating Expenses5.3%3,0312,8792,6972,5882,4522,3522,2892,2022,1442,0721,9891,9551,9061,8891,8661,7971,7191,6401,5521,5121,475
EBITDA-100.0%-1,1161,057971922889861851808718683653650646590------
EBITDA Margin-100.0%-0.29*0.30*0.28*0.28*0.28*0.28*0.29*0.28*0.26*0.26*0.26*0.26*0.26*0.25*------
Interest Expenses7.0%18217014111287.0067.0065.0065.0063.0060.0059.0058.0061.0064.0064.0060.0052.0046.0041.0038.0038.00
Earnings Before Taxes6.1%961905876823801789763753715658624595589583526524515493462468450
EBT Margin-100.0%-0.24*0.25*0.24*0.25*0.25*0.25*0.25*0.25*0.24*0.24*0.23*0.24*0.24*0.22*------
Net Income6.6%732687672628614608587583570528480460441437399395386367344458428
Net Income Margin-100.0%-0.18*0.19*0.18*0.19*0.19*0.19*0.20*0.20*0.19*0.18*0.18*0.18*0.18*0.17*------
Free Cashflow-100.0%-783829738871877897760625747651689715640605------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets5.0%14,07213,40013,97413,65812,28011,2739,7959,6299,3588,9118,9678,7958,2017,5827,6237,6817,1656,8066,6895,8035,702
  Current Assets12.4%4,8954,3564,9964,8515,3304,3093,3303,3983,1922,7932,9583,1642,7052,2842,4952,6072,2921,9952,1672,0132,041
    Cash Equivalents11.4%6285646505802,3842,4261,4707856255126561,070623386963498433322778423478
  Net PPE1.3%24524224023921521521220820920620118817415914912912311710090.0085.00
  Goodwill2.0%6,8656,7306,6746,5225,1495,1414,7374,5654,5144,4734,3964,1244,0233,8823,7463,7023,5523,5133,4332,9302,846
  Current Liabilities9.0%4,1583,8134,5974,2392,9002,4392,6672,8892,8012,2412,3542,2402,2581,8912,0452,1491,9071,6471,7831,6331,657
    LT Debt, Current-78.4%53.0024625168.0068.0043.0043.0029030070.0070.0066.0063.0059.0055.0055.0055.0055.0050.0030.0025.00
    LT Debt, Non Current2.2%3,7623,6803,6924,0404,1563,4971,9801,7551,7622,0092,0262,0431,5661,4831,5001,5141,4271,4401,457832842
Shareholder's Equity4.7%5,0734,8454,6074,3114,2834,3354,1974,1083,9463,8313,7543,7023,5843,4803,3503,3153,1813,0983,0012,9392,831
  Retained Earnings3.3%4,9144,7564,5534,4404,3084,1924,0013,9283,8083,6943,5213,4523,3423,2693,1413,0882,9952,9252,8342,7832,697
  Additional Paid-In Capital2.1%927908920903836824849830785773795764749718716704653621615525503
Shares Outstanding0%284284283283282283283282282282283284284283282282--280281276
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations10.3%924838881781775774809801676817713771789707678659596493568484449
  Share Based Compensation9.8%77.0070.0066.0065.0062.0062.0061.0063.0062.0069.0060.0056.0053.0043.0047.0045.0043.0039.0034.0032.0030.00
Cashflow From Investing-4.6%-1,579-1,510-1,912-2,103-728-760-396-513-568-672-759-526-555-466-413-1,019-985-1,024-951-293-190
Cashflow From Financing-228.6%-3943061,7251,9322,0201,275-210-36118222135538314.00-89.43-79.22510417330338-288-348
  Dividend Payments2.9%12712312011611311010710710510310196.0094.0093.0091.0090.0088.0086.0085.0083.0081.00
  Buy Backs-99.8%0.0050.0074.0074.0075.0037.0083.0013013512455.0036.0040.0060.0059.0011010080.0091.0083.00129

BRO Income Statement

2023-06-30
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES    
Commissions and fees$ 1,035.9$ 838.7$ 2,143.9$ 1,743.1
Investment income10.30.417.30.6
Other income, net1.10.62.10.8
Total revenues1,047.3839.72,163.31,744.5
EXPENSES    
Employee compensation and benefits530.2412.11,101.3871.0
Other operating expenses162.0154.0322.7280.8
(Gain)/loss on disposal(0.4)(0.7)(6.1)(0.9)
Amortization41.233.682.664.7
Depreciation10.28.920.117.1
Interest47.936.094.654.3
Change in estimated acquisition earn-out payables1.8(3.0)(0.5)(6.4)
Total expenses792.9640.91,614.71,280.6
Income before income taxes254.4198.8548.6463.9
Income taxes64.053.6122.798.4
Net income$ 190.4$ 145.2$ 425.9$ 365.5
Net income per share:    
Basic (in dollars per share)$ 0.67$ 0.51$ 1.50$ 1.29
Diluted (in dollars per share)0.670.511.501.29
Dividends declared per share (in dollars per share)$ 0.115$ 0.103$ 0.230$ 0.205

BRO Balance Sheet

2023-06-30
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets:  
Cash and cash equivalents$ 627.9$ 650.0
Fiduciary cash1,635.51,383.2
Short-term investments10.112.0
Commission, fees and other receivables751.3642.9
Fiduciary receivables1,005.0881.4
Reinsurance recoverable187.2831.0
Prepaid reinsurance premiums450.6393.2
Other current assets227.3202.3
Total current assets4,894.94,996.0
Fixed assets, net244.7239.9
Operating lease assets204.9214.9
Goodwill6,865.16,674.2
Amortizable intangible assets, net1,562.51,595.2
Investments27.522.4
Other assets271.9230.9
Total assets14,071.513,973.5
Current Liabilities:  
Fiduciary liabilities2,640.52,264.6
Losses and loss adjustment reserve198.8841.1
Unearned premiums487.5412.3
Accounts payable329.1286.5
Accrued expenses and other liabilities448.6541.5
Current portion of long-term debt53.1250.6
Total current liabilities4,157.64,596.6
Long-term debt less unamortized discount and debt issuance costs3,762.43,691.5
Operating lease liabilities186.0195.9
Deferred income taxes, net571.9584.0
Other liabilities321.1298.9
Shareholders’ Equity:  
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 303.3 shares and outstanding 283.6 shares at 2023, issued 302.9 shares and outstanding 283.2 shares at 2022, respectively30.330.3
Additional paid-in capital927.1919.7
Treasury stock, at cost 19.7 shares at 2023, 19.7 shares at 2022, respectively.(748.1)(748.0)
Accumulated other comprehensive loss(50.5)(148.4)
Retained earnings4,913.74,553.0
Total shareholders’ equity5,072.54,606.6
Total liabilities and shareholders’ equity$ 14,071.5$ 13,973.5
J. Powell Brown
12000
Brown & Brown, Inc. markets and sells insurance products and services in the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, loss control survey and analysis, consultancy, and claims processing services. It serves commercial, public and quasi-public entities, professional, and individual customers. The National Programs segment offers professional liability and related package insurance products for dentistry, legal, eyecare, insurance, financial, physicians, real estate title professionals, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also offers outsourced product development, marketing, underwriting, actuarial, compliance, and claims and other administrative services to insurance carrier partners; and commercial and public entity-related programs, and flood insurance products. It serves through independent agents. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance through independent agents and brokers. The Services segment offers third-party claims administration and medical utilization management services in the workers' compensation and all-lines liability arenas, Medicare Set-aside, Social Security disability, Medicare benefits advocacy, and claims adjusting services. The company was founded in 1939 and is headquartered in Daytona Beach, Florida.