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Brown & Brown Inc Stock Research

BRO

55.79USD+0.43(+0.78%)Delayed

Market Summary

USD55.79+0.43
Delayed
0.78%

BRO Alerts

BRO Stock Price

BRO RSI Chart

BRO Valuation

Market Cap

15.8B

Price/Earnings (Trailing)

23.52

Price/Sales (Trailing)

4.42

EV/EBITDA

14.34

Price/Free Cashflow

19.06

BRO Price/Sales (Trailing)

BRO Profitability

EBT Margin

24.52%

Return on Equity

14.58%

Return on Assets

4.81%

Free Cashflow Yield

5.25%

BRO Fundamentals

BRO Revenue

Revenue (TTM)

3.6B

Revenue Y/Y

22.06%

Revenue Q/Q

-2.82%

BRO Earnings

Earnings (TTM)

671.8M

Earnings Y/Y

42.77%

Earnings Q/Q

-9.87%

Price Action

52 Week Range

52.8274.00
(Low)(High)

Last 7 days

2.7%

Last 30 days

-1.2%

Last 90 days

-2.7%

Trailing 12 Months

-20.3%

BRO Financial Health

Current Ratio

1.09

Debt/Equity

0.98

Debt/Cashflow

0.22

BRO Investor Care

Dividend Yield

0.75%

Dividend/Share (TTM)

0.42

Shares Dilution (1Y)

0.25%

Diluted EPS (TTM)

2.37

Peers (Alternatives to Brown & Brown)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 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%

Financials for Brown & Brown

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue4.8%3,5733,4113,2533,1413,051
Operating Expenses4.2%2,6972,5882,4522,3522,289
EBITDA8.8%1,057971922889-
EBITDA Margin3.9%0.30*0.28*0.28*0.28*-
Earnings Before Taxes6.5%876823801789763
EBT Margin1.6%0.25*0.24*0.25*0.25*-
Interest Expenses26.1%14111287.0067.0065.00
Net Income6.9%672628614608587
Net Income Margin2.0%0.19*0.18*0.19*0.19*-
Free Cahsflow12.3%829738871877-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.3%13,97413,65812,28011,2739,795
  Current Assets3.0%4,9964,8515,3304,3093,330
    Cash Equivalents12.2%6505802,3841,695693
  Net PPE0.3%240239215215212
  Goodwill2.3%6,6746,5225,1495,1414,737
  Current Liabilities8.4%4,5974,2392,9002,4392,667
  Long Term Debt19.3%4,2243,5402,023--
    LT Debt, Current271.3%25168.0068.0043.0043.00
    LT Debt, Non Current-8.6%3,6924,0404,1563,4971,980
Shareholder's Equity6.9%4,6074,3114,2834,3354,197
  Retained Earnings2.5%4,5534,4404,3084,1924,001
  Additional Paid-In Capital1.8%920903836824849
Accumulated Depreciation-196----
Shares Outstanding0.0%283283282283283
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations12.9%881781775774809
  Share Based Compensation2.3%66.0065.0062.0062.0061.00
Cashflow From Investing9.1%-1,912-2,103-728-760-396
Cashflow From Financing-10.7%1,7251,9322,0201,275-210
  Dividend Payments3.1%120116113110107
  Buy Backs0%74.0074.0075.0037.0083.00

Risks for BRO

What is the probability of a big loss on BRO?

37.7%

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

Returns for BRO

Cumulative Returns on BRO

14.5%

10-Year Cumulative Returns

19.0%

7-Year Cumulative Returns

17.9%

5-Year Cumulative Returns

16.6%

3-Year Cumulative Returns

What are the long-term rolling returns for BRO?

FIve years rolling returns for Brown & Brown.

Annualized Returns

Which funds bought or sold BRO recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 48

Latest Funds Activity

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

BRO Alerts

Brown & Brown News

MarketBeat

Brown & Brown, Inc. (NYSE:BRO) Stock Position Cut by Strategy ....

MarketBeat,
6 days ago

MarketBeat

Brown & Brown, Inc. (NYSE:BRO) Stock Holdings Lessened by Price ....

MarketBeat,
18 days ago

Yahoo Finance

Should You Hold Brown & Brown (BRO) Stock?.

Yahoo Finance,
2 months ago

TheStreet

Brown & Brown Inc. (BRO) Stock Price, News & Historical Data.

TheStreet,
5 years ago

Investing.com India

Brown&Brown Share Price Today | NYSE BRO Stock.

Investing.com India,
6 years ago

MarketBeat

BRO Stock Forecast, Price & News (Brown & Brown).

MarketBeat,
7 years ago

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

BRO Fair Value

Brown & Brown fair value in different scenarios

The table shows the Fair Value estimates for Brown & Brown for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery 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%

Historical Brown & Brown Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Brown & Brown

View All Filings
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

Latest Insider Trading transactions for BRO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

About Brown & Brown

J. Powell Brown
www.bbinsurance.com
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.

BRO Income Statement

2022-12-31
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 income6.51.12.8
Other income, net3.72.84.5
Total revenues3,573.43,051.42,613.4
EXPENSES   
Employee compensation and benefits1,816.91,636.91,436.4
Other operating expenses596.8403.0366.0
(Gain)/loss on disposal(4.5)(9.6)(2.4)
Amortization146.6119.6108.5
Depreciation39.233.326.3
Interest141.265.059.0
Change in estimated acquisition earn-out payables(38.9)40.4(4.5)
Total expenses2,697.32,288.61,989.3
Income before income taxes876.1762.8624.1
Income taxes204.3175.7143.6
Net income$ 671.8$ 587.1$ 480.5
Net income per share:   
Basic$ 2.38$ 2.08$ 1.70
Diluted2.372.071.69
Dividends declared per share$ 0.42$ 0.38$ 0.35

BRO Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets:  
Cash and cash equivalents$ 650.0$ 693.2
Fiduciary cash1,383.2777.0
Short-term investments12.012.9
Commission, fees and other receivables642.9522.6
Fiduciary receivables881.4693.7
Reinsurance recoverable831.063.1
Prepaid reinsurance premiums393.2392.2
Other current assets202.3175.6
Total current assets4,996.03,330.3
Fixed assets, net239.9212.0
Operating lease assets214.9197.0
Goodwill6,674.24,736.8
Amortizable intangible assets, net1,595.21,081.5
Investments22.431.0
Other assets230.9206.8
Total assets13,973.59,795.4
Current Liabilities:  
Fiduciary liabilities2,264.61,470.7
Losses and loss adjustment reserve841.163.1
Unearned premiums412.3392.2
Accounts payable286.5242.7
Accrued expenses and other liabilities541.5456.2
Current portion of long-term debt250.642.5
Total current liabilities4,596.62,667.4
Long-term debt less unamortized discount and debt issuance costs3,691.51,980.4
Operating lease liabilities195.9180.0
Deferred income taxes, net584.0386.8
Other liabilities298.9383.9
Shareholders’ Equity:  
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 302.9 shares and outstanding 283.2 at 2022, issued 301.0 shares and outstanding 282.5 shares at 2021, respectively30.330.1
Additional paid-in capital919.7849.4
Treasury stock, at cost at 19.7 shares at 2022 and 18.5 shares at 2021, respectively - in millions(748.0)(673.9)
Accumulated other comprehensive loss(148.4)(9.4)
Retained earnings4,553.04,000.7
Total shareholders’ equity4,606.64,196.9
Total liabilities and shareholders’ equity$ 13,973.5$ 9,795.4