Last 7 days
2.7%
Last 30 days
-1.2%
Last 90 days
-2.7%
Trailing 12 Months
-20.3%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
MMC | 79.9B | 20.7B | -0.43% | -1.83% | 26.19 | 3.85 | 4.54% | -2.96% |
AON | 65.2B | 12.5B | 2.04% | -3.73% | 25.18 | 5.22 | 2.35% | 106.29% |
AJG | 39.4B | 8.6B | 1.05% | 12.03% | 35.4 | 4.61 | 4.16% | 22.87% |
RE | 24.4B | 12.1B | -9.44% | 18.99% | 40.95 | 2.03 | 1.63% | -56.71% |
BRO | 15.8B | 3.6B | -1.20% | -20.30% | 23.52 | 4.42 | 17.11% | 14.43% |
AFG | 10.1B | 7.0B | -10.64% | -10.45% | 11.27 | 1.44 | 7.45% | -54.99% |
MID-CAP | ||||||||
UNM | 7.6B | 12.0B | -12.39% | 26.36% | 5.75 | 0.63 | -0.19% | 59.45% |
AIZ | 6.0B | 10.2B | -10.64% | -36.83% | 21.84 | 0.59 | 0.05% | -79.62% |
GNW | 2.4B | 7.5B | -20.61% | 30.10% | 4.02 | 0.33 | -4.15% | -32.63% |
SMALL-CAP | ||||||||
BRP | 1.4B | 980.7M | -14.57% | -8.46% | -33.06 | 1.41 | 72.88% | -36.30% |
GSHD | 1.0B | 209.4M | 11.89% | -33.75% | 1.8K | 4.85 | 38.38% | -89.54% |
EHTH | 224.5M | 405.4M | -6.09% | -31.69% | -2.53 | 0.55 | -24.68% | 15.00% |
HALL | 154.8M | 412.3M | -3.72% | 136.19% | -1.5 | 0.38 | 2.45% | -2848.83% |
KINS | 13.6M | 136.2M | -3.76% | -75.53% | -0.83 | 0.1 | -11.34% | -148.82% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 4.8% | 3,573 | 3,411 | 3,253 | 3,141 | 3,051 |
Operating Expenses | 4.2% | 2,697 | 2,588 | 2,452 | 2,352 | 2,289 |
EBITDA | 8.8% | 1,057 | 971 | 922 | 889 | - |
EBITDA Margin | 3.9% | 0.30* | 0.28* | 0.28* | 0.28* | - |
Earnings Before Taxes | 6.5% | 876 | 823 | 801 | 789 | 763 |
EBT Margin | 1.6% | 0.25* | 0.24* | 0.25* | 0.25* | - |
Interest Expenses | 26.1% | 141 | 112 | 87.00 | 67.00 | 65.00 |
Net Income | 6.9% | 672 | 628 | 614 | 608 | 587 |
Net Income Margin | 2.0% | 0.19* | 0.18* | 0.19* | 0.19* | - |
Free Cahsflow | 12.3% | 829 | 738 | 871 | 877 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | 2.3% | 13,974 | 13,658 | 12,280 | 11,273 | 9,795 |
Current Assets | 3.0% | 4,996 | 4,851 | 5,330 | 4,309 | 3,330 |
Cash Equivalents | 12.2% | 650 | 580 | 2,384 | 1,695 | 693 |
Net PPE | 0.3% | 240 | 239 | 215 | 215 | 212 |
Goodwill | 2.3% | 6,674 | 6,522 | 5,149 | 5,141 | 4,737 |
Current Liabilities | 8.4% | 4,597 | 4,239 | 2,900 | 2,439 | 2,667 |
Long Term Debt | 19.3% | 4,224 | 3,540 | 2,023 | - | - |
LT Debt, Current | 271.3% | 251 | 68.00 | 68.00 | 43.00 | 43.00 |
LT Debt, Non Current | -8.6% | 3,692 | 4,040 | 4,156 | 3,497 | 1,980 |
Shareholder's Equity | 6.9% | 4,607 | 4,311 | 4,283 | 4,335 | 4,197 |
Retained Earnings | 2.5% | 4,553 | 4,440 | 4,308 | 4,192 | 4,001 |
Additional Paid-In Capital | 1.8% | 920 | 903 | 836 | 824 | 849 |
Accumulated Depreciation | - | 196 | - | - | - | - |
Shares Outstanding | 0.0% | 283 | 283 | 282 | 283 | 283 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 12.9% | 881 | 781 | 775 | 774 | 809 |
Share Based Compensation | 2.3% | 66.00 | 65.00 | 62.00 | 62.00 | 61.00 |
Cashflow From Investing | 9.1% | -1,912 | -2,103 | -728 | -760 | -396 |
Cashflow From Financing | -10.7% | 1,725 | 1,932 | 2,020 | 1,275 | -210 |
Dividend Payments | 3.1% | 120 | 116 | 113 | 110 | 107 |
Buy Backs | 0% | 74.00 | 74.00 | 75.00 | 37.00 | 83.00 |
37.7%
18.5%
0%
Y-axis is the maximum loss one would have experienced if Brown & Brown was unfortunately bought at previous high price.
14.5%
19.0%
17.9%
16.6%
FIve years rolling returns for Brown & Brown.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-23 | MetLife Investment Management, LLC | reduced | -1.4 | -271,238 | 3,539,550 | 0.03% |
2023-03-17 | American Portfolios Advisors | reduced | -11.89 | -1,232 | 13,003 | -% |
2023-03-13 | Claro Advisors LLC | added | 27.12 | 82,603 | 424,603 | 0.14% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 401 | 65,923,400 | 83,646,400 | 0.09% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 336 | 200,000 | 264,000 | -% |
2023-02-28 | Voya Investment Management LLC | added | 23.69 | 2,895,060 | 20,432,100 | 0.03% |
2023-02-24 | National Pension Service | added | 3.35 | -754,523 | 22,098,800 | 0.04% |
2023-02-24 | NATIXIS | added | 1,515 | 12,417,200 | 13,290,200 | 0.07% |
2023-02-24 | SRS Capital Advisors, Inc. | new | - | 114 | 114 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | -76,000 | 1,214,000 | 0.01% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 44.60 -20.06% | 56.77 1.76% | 80.55 44.38% | 105.68 89.42% | 121.94 118.57% |
Current Inflation | 40.48 -27.44% | 50.74 -9.05% | 70.53 26.42% | 91.30 63.65% | 104.69 87.65% |
Very High Inflation | 35.44 -36.48% | 43.51 -22.01% | 58.84 5.47% | 74.79 34.06% | 85.04 52.43% |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 22, 2023 | 8-K | Current Report | |
Mar 22, 2023 | ARS | ARS | |
Mar 22, 2023 | DEF 14A | DEF 14A | |
Mar 22, 2023 | DEFA14A | DEFA14A | |
Mar 17, 2023 | 4 | Insider Trading | |
Mar 06, 2023 | 8-K | Current Report | |
Feb 28, 2023 | 4 | Insider Trading | |
Feb 28, 2023 | 4 | Insider Trading | |
Feb 28, 2023 | 4 | Insider Trading | |
Feb 28, 2023 | 4 | Insider Trading |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-03-15 | Hays James Charles | bought | 267,500 | 53.5 | 5,000 | - |
2023-02-27 | PENNY JEROME SCOTT | sold (taxes) | -769,573 | 56.47 | -13,628 | evp chief acquisitions officer |
2023-02-27 | Brown P Barrett | sold (taxes) | -55,114 | 56.47 | -976 | evp and pres.- retail segment |
2023-02-27 | BROWN J POWELL | sold (taxes) | -865,742 | 56.47 | -15,331 | president and ceo |
2023-02-26 | PENNY JEROME SCOTT | sold (taxes) | -385,916 | 56.47 | -6,834 | evp chief acquisitions officer |
2023-02-26 | Walker Chris L | sold (taxes) | -278,792 | 56.47 | -4,937 | evp and pres. programs segment |
2023-02-26 | Boyd Stephen M | sold (taxes) | -315,950 | 56.47 | -5,595 | evp/ pres wholesale brokerage |
2023-02-26 | BROWN J POWELL | sold (taxes) | -2,412,120 | 56.47 | -42,715 | president and ceo |
2023-02-26 | Brown P Barrett | sold (taxes) | -511,054 | 56.47 | -9,050 | evp and pres.- retail segment |
2023-02-26 | Watts R. Andrew | sold (taxes) | -672,784 | 56.47 | -11,914 | evp, cfo and treasurer |
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
REVENUES | |||
Commissions and fees | $ 3,563.2 | $ 3,047.5 | $ 2,606.1 |
Investment income | 6.5 | 1.1 | 2.8 |
Other income, net | 3.7 | 2.8 | 4.5 |
Total revenues | 3,573.4 | 3,051.4 | 2,613.4 |
EXPENSES | |||
Employee compensation and benefits | 1,816.9 | 1,636.9 | 1,436.4 |
Other operating expenses | 596.8 | 403.0 | 366.0 |
(Gain)/loss on disposal | (4.5) | (9.6) | (2.4) |
Amortization | 146.6 | 119.6 | 108.5 |
Depreciation | 39.2 | 33.3 | 26.3 |
Interest | 141.2 | 65.0 | 59.0 |
Change in estimated acquisition earn-out payables | (38.9) | 40.4 | (4.5) |
Total expenses | 2,697.3 | 2,288.6 | 1,989.3 |
Income before income taxes | 876.1 | 762.8 | 624.1 |
Income taxes | 204.3 | 175.7 | 143.6 |
Net income | $ 671.8 | $ 587.1 | $ 480.5 |
Net income per share: | |||
Basic | $ 2.38 | $ 2.08 | $ 1.70 |
Diluted | 2.37 | 2.07 | 1.69 |
Dividends declared per share | $ 0.42 | $ 0.38 | $ 0.35 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
---|---|---|
Current Assets: | ||
Cash and cash equivalents | $ 650.0 | $ 693.2 |
Fiduciary cash | 1,383.2 | 777.0 |
Short-term investments | 12.0 | 12.9 |
Commission, fees and other receivables | 642.9 | 522.6 |
Fiduciary receivables | 881.4 | 693.7 |
Reinsurance recoverable | 831.0 | 63.1 |
Prepaid reinsurance premiums | 393.2 | 392.2 |
Other current assets | 202.3 | 175.6 |
Total current assets | 4,996.0 | 3,330.3 |
Fixed assets, net | 239.9 | 212.0 |
Operating lease assets | 214.9 | 197.0 |
Goodwill | 6,674.2 | 4,736.8 |
Amortizable intangible assets, net | 1,595.2 | 1,081.5 |
Investments | 22.4 | 31.0 |
Other assets | 230.9 | 206.8 |
Total assets | 13,973.5 | 9,795.4 |
Current Liabilities: | ||
Fiduciary liabilities | 2,264.6 | 1,470.7 |
Losses and loss adjustment reserve | 841.1 | 63.1 |
Unearned premiums | 412.3 | 392.2 |
Accounts payable | 286.5 | 242.7 |
Accrued expenses and other liabilities | 541.5 | 456.2 |
Current portion of long-term debt | 250.6 | 42.5 |
Total current liabilities | 4,596.6 | 2,667.4 |
Long-term debt less unamortized discount and debt issuance costs | 3,691.5 | 1,980.4 |
Operating lease liabilities | 195.9 | 180.0 |
Deferred income taxes, net | 584.0 | 386.8 |
Other liabilities | 298.9 | 383.9 |
Shareholders’ Equity: | ||
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 302.9 shares and outstanding 283.2 at 2022, issued 301.0 shares and outstanding 282.5 shares at 2021, respectively | 30.3 | 30.1 |
Additional paid-in capital | 919.7 | 849.4 |
Treasury stock, at cost at 19.7 shares at 2022 and 18.5 shares at 2021, respectively - in millions | (748.0) | (673.9) |
Accumulated other comprehensive loss | (148.4) | (9.4) |
Retained earnings | 4,553.0 | 4,000.7 |
Total shareholders’ equity | 4,606.6 | 4,196.9 |
Total liabilities and shareholders’ equity | $ 13,973.5 | $ 9,795.4 |