After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Brown & Brown, Inc. announces 2023 fourth-quarter earnings release and conference call dates.
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Stocks Info
BRO belongs to the Financial sector of the NYSE while operating in the Insurance Brokers industry. At the end of the last regular session, the stock closed at $74.55 and fluctuated between $75.04 as its day high and $74.32 as its day low. The current market capitalization of Brown & Brown, Inc. is $21.22B. A total of 2.45 million shares were traded on the day, compared to an average of 1.42M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, BRO has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 5,000 shares. Over the last 12 months, there were 28 BUYs and 17 SELLs from insiders. Insiders purchased 138,215 shares during that period but sold 108,289.
In the most recent transaction, Boyd Stephen M sold 2,500 shares of BRO for 70.64 per share on Nov 02. After the transaction, the EVP/ Pres Wholesale Brokerage now owns 64,471 company shares. In a previous transaction on Jun 21, Masojada Bronislaw Edmund bought 4,000 shares at 65.78 per share. BRO shares that Director owns now total 4,000.
Among the insiders who sold shares, PROCTOR H PALMER JR disposed of 448 shares on May 01 at a per-share price of $65.68. This resulted in the Director holding 0 shares of BRO after the transaction. In another insider transaction, PROCTOR H PALMER JR sold 1 shares at $65.66 per share on May 01. Company shares held by the Director now total 41,098.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Brown & Brown, Inc. pays an annual dividend of $0.48, resulting in a dividend yield of 0.64%, and it has a price to earnings (P/E) ratio of 28.38. BRO’s most recent ex-dividend date was 10/31/2023 when it declared a $0.13 quarterly dividend that was paid in cash on 11/15/2023. Previously, the company paid the dividend on 8/16/2023 with an ex-dividend date of 8/8/2023. The BRO stock dividend was $0.1150 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BRO in the last 3 months, the mean price target is $78.55 with high estimates of $85.00 and low estimates of $70.00. In terms of 52-week highs and lows, BRO has a high of $76.25 and a low of $52.82.
As of this writing, BRO has an earnings estimate of $0.53 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.57 per share and a lower estimate of $0.5. The company reported an EPS of $0.68 in the last quarter, which was 15.30% higher than expectations of $0.59.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. BRO’s latest balance sheet shows that the firm has $706.10M in Cash & Short Term Investments as of fiscal 2021. There were $2.25B in debt and $2.67B in liabilities at the time. Its Book Value Per Share was $18.29, while its Total Shareholder’s Equity was $4.20B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 3.83.
