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Monday, June 5, 2023

The Street Is Finally Waking Up To Brown & Brown Inc. (NYSE: BRO)

After Hours

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. After-hours trades for Brown & Brown Inc. (BRO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.65, or -0.99%, to $65.18. The Brown & Brown Inc. has recorded 26,486 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Brown & Brown, Inc. announces first quarter 2023 results, including total revenues of $1,116.0 million, an increase of 23.4%; Organic Revenue growth of 12.6%; diluted net income per share of $0.83; Diluted Net Income Per Share – Adjusted of $0.84; and a quarterly dividend of $0.1150 per share.

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Stocks Info

Brown & Brown Inc. is listed on the NYSE as a member of the Financial sector and is a part of the Insurance Brokers industry. At the end of the last regular session, the stock closed at $65.83 and fluctuated between $66.39 as its day high and $64.22 as its day low. The current market capitalization of Brown & Brown Inc. is $18.61B. A total of 2.17 million shares were traded on the day, compared to an average of 1.30M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BRO has seen 19 BUY and 12 SELL insider trades, representing the acquisition of 223,237 and the disposition of 120,633 shares. Over the last 12 months, there were 42 BUYs and 22 SELLs from insiders. Insiders purchased 263,623 shares during that period but sold 371,078.

In the most recent transaction, Hays James Charles bought 5,000 shares of BRO for 53.50 per share on Mar 15. After the transaction, the Director now owns 365,063 company shares. In a previous transaction on Feb 10, GELLERSTEDT LAWRENCE L III bought 3,400 shares at 57.92 per share. BRO shares that Director owns now total 16,284.

Among the insiders who bought shares, GELLERSTEDT LAWRENCE L III acquired of 1,800 shares on May 19 at a per-share price of $54.95. This resulted in the Director holding 12,884 shares of BRO after the transaction. In another insider transaction, Hays James Charles bought 5,000 shares at $58.90 per share on May 05. Company shares held by the Director now total 359,603.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Brown & Brown Inc. pays an annual dividend of $0.46, resulting in a dividend yield of 0.70%, and it has a price to earnings (P/E) ratio of 29.75. BRO’s most recent ex-dividend date was 5/5/2023 when it declared a $0.1150 quarterly dividend that was paid in cash on 5/17/2023. Previously, the company paid the dividend on 2/15/2023 with an ex-dividend date of 2/2/2023. The BRO stock dividend was $0.1150 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BRO in the last 3 months, the mean price target is $68.70 with high estimates of $73.00 and low estimates of $62.00. In terms of 52-week highs and lows, BRO has a high of $68.43 and a low of $52.82.

As of this writing, BRO has an earnings estimate of $0.59 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.63 per share and a lower estimate of $0.56. The company reported an EPS of $0.5 in the last quarter, which was 8.70% higher than expectations of $0.46.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BRO’s latest balance sheet shows that the firm has $900.00M in Cash & Short Term Investments as of fiscal 2021. There were $2.20B in debt and $2.67B in liabilities at the time. Its Book Value Per Share was $16.56, while its Total Shareholder’s Equity was $4.20B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 13 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 3.89. A total of 5 analysts rated the stock as Buy while 1 rated it as Overweight while 7 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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