BRO - Brown & Brown Inc Stock Price, Fair Value and News

82.52USD+0.35 (+0.43%)Delayed as of 22 Apr 2024, 12:26 pm ET

Market Summary

USD82.52+0.35

Delayedas of 22 Apr 2024, 12:26 pm

0.43%

BRO Alerts

1 major insider sales recently.

BRO Stock Price

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BRO RSI Chart

BRO Valuation

Market Cap

23.5B

Price/Earnings (Trailing)

26.98

Price/Sales (Trailing)

5.52

EV/EBITDA

18.9

Price/Free Cashflow

24.98

BRO Price/Sales (Trailing)

BRO Profitability

EBT Margin

26.92%

Return on Equity

15.6%

Return on Assets

5.85%

Free Cashflow Yield

BRO Fundamentals

BRO Revenue

Revenue (TTM)

4.3B

Rev. Growth (Yr)

13.84%

Rev. Growth (Qtr)

-3.89%

BRO Earnings

Earnings (TTM)

870.5M

Earnings Growth (Yr)

85.06%

Earnings Growth (Qtr)

52.76%

Breaking Down BRO Revenue

52 Week Range

60.0083.21

(Low)(High)

Last 7 days

0.3%

Last 30 days

-5.2%

Last 90 days

9.8%

Trailing 12 Months

35.1%

How does BRO drawdown profile look like?

BRO Financial Health

Current Ratio

1.03

Debt/Equity

0.58

Debt/Cashflow

0.31

BRO Investor Care

Dividend Yield

0.58%

Dividend/Share (TTM)

0.48

Shares Dilution (1Y)

0.53%

Diluted EPS (TTM)

3.06

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
2023	3.8B	4.0B	4.1B	4.3B
2022	3.1B	3.3B	3.4B	3.6B
2021	2.7B	2.9B	3.0B	3.1B
2020	2.5B	2.5B	2.6B	2.6B
2019	2.1B	2.2B	2.3B	2.4B
2018	1.9B	1.9B	2.0B	2.0B
2017	1.8B	1.8B	1.8B	1.9B
2016	1.7B	1.7B	1.7B	1.8B
2015	1.6B	1.6B	1.6B	1.7B
2014	1.4B	1.5B	1.5B	1.6B
2013	1.2B	1.3B	1.3B	1.4B
2012	1.1B	1.1B	1.1B	1.2B
2011	983.4M	986.6M	999.4M	1.0B
2010	969.3M	970.7M	972.1M	973.5M
2009	0	0	0	967.9M

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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed S&P 500 Index

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Returns of $10,000 invested in:

Very Cheap Stocks: $17,289
S&P 500 Index: $12,922
Very Expensive Stocks: $11,022

Grufity's Fair Value model does a great job in separating High Performing Stocks from Low Performing ones in the S&P 500 list.

S&P 500 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Brown & Brown Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 20, 2024	walker chris l	acquired	-	-	1,462	evp and pres. programs segment
Mar 13, 2024	brown hyatt j	sold	-7,804,960	85.1355	-91,677	chairman
Mar 12, 2024	brown hyatt j	sold	-12,405,300	85.955	-144,323	chairman
Feb 25, 2024	penny jerome scott	sold (taxes)	-884,773	84.24	-10,503	evp chief acquisitions officer
Feb 25, 2024	turpin julie	sold (taxes)	-174,461	84.24	-2,071	evp/chief people officer
Feb 25, 2024	watts r. andrew	sold (taxes)	-1,179,360	84.24	-14,000	evp, cfo and treasurer
Feb 25, 2024	walker chris l	sold (taxes)	-358,020	84.24	-4,250	evp and pres. programs segment
Feb 25, 2024	brown p barrett	sold (taxes)	-672,067	84.24	-7,978	evp and pres.- retail segment
Feb 25, 2024	boyd stephen m	sold (taxes)	-506,451	84.24	-6,012	evp/ pres wholesale brokerage
Feb 25, 2024	brown j powell	sold (taxes)	-3,931,650	84.24	-46,672	president and ceo

Which funds bought or sold BRO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 18, 2024	STATE OF MICHIGAN RETIREMENT SYSTEM	added	0.15	1,070,970	5,668,300	0.03%
Apr 18, 2024	Park Place Capital Corp	added	128	65,614	101,809	0.04%
Apr 18, 2024	Claro Advisors LLC	added	0.54	174,608	909,423	0.16%
Apr 18, 2024	Integrated Investment Consultants, LLC	added	7.49	197,340	807,819	0.22%
Apr 18, 2024	McGlone Suttner Wealth Management, Inc.	sold off	-100	-61,155	-	-%
Apr 18, 2024	MV CAPITAL MANAGEMENT, INC.	added	4.17	963	4,377	-%
Apr 18, 2024	Capital Advisors, Ltd. LLC	added	5.13	4,000	18,000	-%
Apr 18, 2024	Congress Wealth Management LLC / DE /	added	5.18	2,731,200	11,996,500	0.21%
Apr 18, 2024	Tributary Capital Management, LLC	reduced	-20.54	-25,908	1,159,990	0.10%
Apr 18, 2024	IBEX WEALTH ADVISORS	sold off	-100	-2,638	-	-%

Are Funds Buying or Selling BRO?

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

BRO Alerts

1 major insider sales recently.

Unveiling Brown & Brown Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	select equity group, l.p.	5.0%	14,310,766	SC 13G/A
Feb 13, 2024	vanguard group inc	9.89%	28,152,200	SC 13G/A
Jan 29, 2024	blackrock inc.	5.7%	16,347,696	SC 13G/A
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

Recent SEC filings of Brown & Brown Inc

View All Filings

Date Filed	Form Type	Document
Apr 11, 2024	8-K	Current Report
Apr 09, 2024	8-K	Current Report
Mar 25, 2024	ARS	ARS
Mar 25, 2024	DEF 14A	DEF 14A
Mar 25, 2024	DEFA14A	DEFA14A
Mar 21, 2024	4	Insider Trading
Mar 14, 2024	4	Insider Trading
Mar 13, 2024	144	Notice of Insider Sale Intent
Mar 12, 2024	144	Notice of Insider Sale Intent
Mar 04, 2024	8-K	Current Report

Peers (Alternatives to Brown & Brown Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.0T	1.3B	-3.05%	3151.62%	-4.8K	761.86	-10.27%	-34.69%
AJG	51.3B	10.1B	-7.49%	13.87%	52.89	5.1	17.79%	-12.97%
AIG	50.5B	46.8B	-3.27%	41.82%	13.88	1.08	-14.05%	-64.38%
TRV	49.0B	42.9B	-4.90%	19.36%	15.61	1.14	13.52%	12.15%
AFL	48.0B	18.7B	-2.07%	25.18%	10.31	2.57	-2.30%	5.45%
ACGL	34.8B	13.6B	0.75%	28.72%	7.82	2.55	41.83%	201.02%
AFG	10.7B	7.8B	-3.82%	3.93%	12.56	1.37	11.18%	-5.12%
MID-CAP
UNM	9.8B	12.4B	-3.13%	24.50%	7.66	0.79	3.35%	-8.77%
AIZ	9.0B	11.1B	-3.74%	48.68%	14.06	0.81	9.21%	132.28%
LNC	4.7B	11.6B	-1.85%	31.29%	-6.24	0.4	-38.09%	-155.38%
AEL	4.4B	2.8B	-1.37%	46.21%	20.89	1.55	100.59%	-89.04%
SMALL-CAP
BRP	1.7B	1.2B	-8.74%	8.08%	-18.38	1.36	24.25%	-115.79%
AMSF	973.6M	306.9M	0.75%	-4.63%	15.68	3.17	4.11%	11.70%
AMBC	650.8M	269.0M	-4.95%	-5.02%	144.63	2.42	-46.68%	-99.14%
AAME	40.0M	186.8M	-29.75%	-16.24%	-233.85	0.21	-0.56%	-111.21%

Brown & Brown Inc News

Latest updates

Brown & Brown Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-3.9%	1,026	1,068	1,047	1,116	901	928	840	905	739	770	727	815	642	674	599	698	579	619	575	619	509
Operating Expenses	-18.7%	671	825	793	822	707	710	641	640	598	574	541	576	511	515	469	493	477	467	452	471	408
EBITDA Margin	10.0%	0.32*	0.29*	0.30*	0.29*	0.30*	0.28*	0.28*	0.28*	0.28*	0.29*	-	-	-	-	-	-	-	-	-	-	-
Interest Expenses	0.8%	48.00	48.00	48.00	47.00	45.00	42.00	36.00	18.00	16.00	16.00	16.00	16.00	17.00	13.00	14.00	15.00	16.00	16.00	16.00	15.00	12.00
Income Taxes	30.2%	86.00	66.00	64.00	59.00	49.00	57.00	54.00	45.00	39.00	50.00	47.00	40.00	34.00	25.00	33.00	53.00	26.00	36.00	31.00	35.00	27.00
Earnings Before Taxes	46.6%	355	242	254	294	194	218	199	265	141	197	186	239	131	159	129	205	102	152	124	149	101
EBT Margin	12.9%	0.27*	0.24*	0.24*	0.24*	0.25*	0.24*	0.25*	0.25*	0.25*	0.25*	-	-	-	-	-	-	-	-	-	-	-
Net Income	52.8%	269	176	190	236	145	161	145	220	102	146	139	200	97.00	134	97.00	152	77.00	116	93.00	114	73.00
Net Income Margin	13.1%	0.20*	0.18*	0.18*	0.18*	0.19*	0.18*	0.19*	0.19*	0.19*	0.20*	-	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-8.8%	275	302	315	48.00	261	240	234	94.00	171	238	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	6.4%	14,883	13,983	14,072	13,400	13,974	13,658	12,280	11,273	9,795	9,629	9,358	8,911	8,967	8,795	8,201	7,582	7,623	7,681	7,165	6,806	6,689
Current Assets	5.9%	5,130	4,845	4,895	4,356	4,996	4,851	5,330	4,309	3,330	3,398	3,192	2,793	2,958	3,164	2,705	2,284	2,495	2,607	2,292	1,995	2,167
Cash Equivalents	-7.3%	700	756	628	564	650	580	2,384	2,426	693	785	625	512	1,272	1,070	623	386	963	498	433	322	778
Net PPE	8.0%	270	250	245	242	240	239	215	215	212	208	209	206	201	188	174	159	149	129	123	117	100
Goodwill	7.2%	7,341	6,846	6,865	6,730	6,674	6,522	5,149	5,141	4,737	4,565	4,514	4,473	4,396	4,124	4,023	3,882	3,746	3,702	3,552	3,513	3,433
Current Liabilities	8.0%	4,957	4,591	4,158	3,813	4,597	4,239	2,900	2,439	2,667	2,889	2,801	2,241	2,354	2,240	2,258	1,891	2,045	2,149	1,907	1,647	1,783
Long Term Debt	2.6%	3,227	3,145	3,762	3,680	3,692	4,040	4,156	3,497	1,980	1,755	1,762	2,009	2,026	2,043	1,566	1,483	1,500	1,514	1,427	1,440	1,457
LT Debt, Current	1.1%	569	563	53.00	246	251	68.00	68.00	43.00	43.00	290	300	70.00	70.00	66.00	63.00	59.00	55.00	55.00	55.00	55.00	50.00
LT Debt, Non Current	2.6%	3,227	3,145	3,762	3,680	3,692	4,040	4,156	3,497	1,980	1,755	1,762	2,009	2,026	2,043	1,566	1,483	1,500	1,514	1,427	1,440	1,457
Shareholder's Equity	7.3%	5,579	5,199	5,073	4,845	4,607	4,311	4,283	4,335	4,197	4,108	3,946	3,831	3,754	3,702	3,584	3,480	3,350	3,315	3,181	3,098	3,001
Retained Earnings	4.6%	5,289	5,057	4,914	4,756	4,553	4,440	4,308	4,192	4,001	3,928	3,808	3,694	3,521	3,452	3,342	3,269	3,141	3,088	2,995	2,925	2,834
Additional Paid-In Capital	4.1%	1,027	987	927	908	920	903	836	824	849	830	785	773	795	764	749	718	716	704	653	621	615
Shares Outstanding	0.1%	285	284	284	284	283	283	282	283	283	282	282	282	-	-	-	-	-	-	-	-	-
Float	-	-	-	16,289	-	-	-	15,295	-	-	-	12,475	-	-	-	9,601	-	-	-	7,854	-	6,378

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-3.2%	305,400	315,600	328,700	59,800	281,600	253,600	242,600	103,600	181,000	247,900	241,900	138,000	173,412	122,889	382,882	33,817	231,060	141,417	300,347	5,356	212,012
Share Based Compensation	2.8%	22,400	21,800	20,800	24,400	15,800	16,300	13,900	20,100	14,300	14,000	14,000	18,700	16,235	13,378	21,040	9,047	12,315	10,551	11,134	12,994	9,997
Cashflow From Investing	-571.8%	-393,700	-58,600	-91,500	-43,200	-	-1,445,100	-21,700	-445,800	-190,400	-70,100	-53,900	-82,400	-306,849	-125,822	-157,220	-169,209	-73,949	-155,157	-68,605	-115,874	-680,068
Cashflow From Financing	139.9%	88,400	-221,600	67,100	-120,600	-151,100	-189,400	767,500	1,298,400	55,000	-101,300	22,900	-186,700	-96,529	442,570	61,364	-52,405	-68,731	73,554	-41,848	-42,191	520,965
Dividend Payments	13.5%	37,100	32,700	32,600	32,600	32,600	29,000	29,000	28,900	29,000	26,000	26,100	26,100	28,525	24,089	24,084	23,902	23,912	22,551	22,533	22,348	22,334
Buy Backs	-	-	-	-	100	-	-	50,000	24,100	-	1,200	11,400	70,000	47,787	5,884	-	1,429	28,929	9,742	20,000	-	80,000

BRO Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUES
Commissions and fees	$ 4,199.4	$ 3,563.2	$ 3,047.5
Investment income	52.4	6.5	1.1
Other income, net	5.3	3.7	2.8
Total revenues	4,257.1	3,573.4	3,051.4
EXPENSES
Employee compensation and benefits	2,186.6	1,816.9	1,636.9
Other operating expenses	649.9	596.8	403.0
(Gain)/loss on disposal	(143.3)	(4.5)	(9.6)
Amortization	166.0	146.6	119.6
Depreciation	40.0	39.2	33.3
Interest	190.0	141.2	65.0
Change in estimated acquisition earn-out payables	21.8	(38.9)	40.4
Total expenses	3,111.0	2,697.3	2,288.6
Income before income taxes	1,146.1	876.1	762.8
Income taxes	275.6	204.3	175.7
Net income	$ 870.5	$ 671.8	$ 587.1
Net income per share:
Basic	$ 3.07	$ 2.38	$ 2.08
Diluted	3.05	2.37	2.07
Dividends declared per share	$ 0.48	$ 0.42	$ 0.38

BRO Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 700.3	$ 650.0
Fiduciary cash	1,602.6	1,383.2
Short-term investments	11.0	12.0
Commission, fees and other receivables	789.7	642.9
Fiduciary receivables	1,124.6	881.4
Reinsurance recoverable	125.2	831.0
Prepaid reinsurance premiums	461.5	393.2
Other current assets	315.0	202.3
Total current assets	5,129.9	4,996.0
Fixed assets, net	270.3	239.9
Operating lease assets	198.8	214.9
Goodwill	7,340.8	6,674.2
Amortizable intangible assets, net	1,620.8	1,595.2
Investments	21.0	22.4
Other assets	301.8	230.9
Total assets	14,883.4	13,973.5
Current Liabilities:
Fiduciary liabilities	2,727.2	2,264.6
Losses and loss adjustment reserve	131.5	841.1
Unearned premiums	462.4	412.3
Accounts payable	458.9	286.5
Accrued expenses and other liabilities	608.2	541.5
Current portion of long-term debt	568.7	250.6
Total current liabilities	4,956.9	4,596.6
Long-term debt less unamortized discount and debt issuance costs	3,226.9	3,691.5
Operating lease liabilities	178.6	195.9
Deferred income taxes, net	616.2	584.0
Other liabilities	326.0	298.9
Shareholders’ Equity:
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 304.2 shares and outstanding 284.6 shares at 2023, issued 302.9 shares and outstanding 283.2 shares at 2022, respectively	30.4	30.3
Additional paid-in capital	1,027.1	919.7
Treasury stock, at cost at 19.7 shares at 2023 and 19.7 shares at 2022, respectively.	(748.1)	(748.0)
Accumulated other comprehensive loss	(19.1)	(148.4)
Retained earnings	5,288.5	4,553.0
Total shareholders’ equity	5,578.8	4,606.6
Total liabilities and shareholders’ equity	$ 14,883.4	$ 13,973.5

About Brown & Brown Inc

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, 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 provides public entity-related and specialty programs through a network of independent agents; and program management services for insurance carrier partners. 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. Brown & Brown, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.

CEO	Mr. J. Powell Brown C.P.C.U., CPCU
WEBSITE	bbinsurance.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	15201

Brown & Brown Inc Frequently Asked Questions

What is the ticker symbol for Brown & Brown Inc? What does BRO stand for in stocks?

BRO is the stock ticker symbol of Brown & Brown Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Brown & Brown Inc (BRO)?

As of Fri Apr 19 2024, market cap of Brown & Brown Inc is 23.49 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BRO stock?

You can check BRO's fair value in chart for subscribers.

What is the fair value of BRO stock?

You can check BRO's fair value in chart for subscribers. The fair value of Brown & Brown Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Brown & Brown Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BRO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Brown & Brown Inc a good stock to buy?

The fair value guage provides a quick view whether BRO is over valued or under valued. Whether Brown & Brown Inc is cheap or expensive depends on the assumptions which impact Brown & Brown Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BRO.

What is Brown & Brown Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, BRO's PE ratio (Price to Earnings) is 26.98 and Price to Sales (PS) ratio is 5.52. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BRO PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Brown & Brown Inc's stock?

In the past 10 years, Brown & Brown Inc has provided 0.201 (multiply by 100 for percentage) rate of return.