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Friday, December 2, 2022

Analyst Expects Brown & Brown Inc. (NYSE: BRO) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Brown & Brown Inc. (BRO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.04, or -1.69%, to $60.4. Volume reached 54,272 shares, with price reaching a high of $60.4 and a low of $60.4. Earlier, Yahoo Finance discussed this stock as it revealed Brown & Brown, Inc. announces the asset acquisition of Smithwick & Mariners Insurance, MidCoast Insurance and Chapman & Chapman Insurance.

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Stocks Info

As a NYSE listed company, BRO falls under the Financial sector while operating within the Insurance Brokers industry segment. At the end of the last regular session, the stock closed at $60.40 and fluctuated between $62.67 as its day high and $60.36 as its day low. The current market capitalization of Brown & Brown Inc. is $17.05B. A total of 1.03 million shares were traded on the day, compared to an average of 1.17M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BRO has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 10,129 shares. Over the last 12 months, there were 47 BUYs and 17 SELLs from insiders. Insiders purchased 2,877,282 shares during that period but sold 2,564,364.

In the most recent transaction, GELLERSTEDT LAWRENCE L III bought 1,800 shares of BRO for 54.95 per share on May 19. After the transaction, the Director now owns 12,884 company shares. In a previous transaction on May 05, Hays James Charles bought 5,000 shares at 58.90 per share. BRO shares that Director owns now total 359,603.

Among the insiders who bought shares, BROWN HUGH M acquired of 487 shares on May 05 at a per-share price of $60.92. This resulted in the Director holding 1,287 shares of BRO after the transaction. In another insider transaction, BROWN HUGH M bought 824 shares at $59.66 per share on May 05. Company shares held by the Director now total 49,452.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Brown & Brown Inc. pays an annual dividend of $0.41, resulting in a dividend yield of 0.68%, and it has a price to earnings (P/E) ratio of 27.94. BRO’s most recent ex-dividend date was 08/09/2022 when it declared a $0.1025 quarterly dividend that was paid in cash on 08/17/2022. Previously, the company paid the dividend on 05/18/2022 with an ex-dividend date of 05/06/2022. The dividend was $0.1025 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for BRO in the last 3 months, the mean price target is $70.33 with high estimates of $75.00 and low estimates of $66.00. In terms of 52-week highs and lows, BRO has a high of $74.00 and a low of $52.91.

As of this writing, BRO has an earnings estimate of $0.6 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.61 per share and a lower estimate of $0.6. The company reported an EPS of $0.51 in the last quarter, which was 4.08% higher than expectations of $0.49.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BRO is Hold with a score of 3.56. A total of 3 analysts rated the stock as Buy while 1 rated it as Overweight while 8 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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