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. Earlier, Yahoo Finance discussed this stock as it revealed Brown & Brown, Inc. announces fourth quarter 2023 results, including total revenues of $1,026.2 million, an increase of 13.8%; Organic Revenue growth of 7.7%; diluted net income per share of $0.94; Diluted Net Income Per Share – Adjusted of $0.58; and a new alignment of its businesses into three segments.
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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. The current market capitalization of Brown & Brown, Inc. is $23.54B. A total of 1.52 million shares were traded on the day, compared to an average of 1.38M 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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 17 SELLs from insiders. Insiders purchased 25,747 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
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 $0.49, resulting in a dividend yield of 0.59%, and it has a price to earnings (P/E) ratio of 27.08. BRO’s most recent ex-dividend date was 2/1/2024 when it declared a $0.13 quarterly dividend that was paid in cash on 2/14/2024. Previously, the company paid the dividend on 11/15/2023 with an ex-dividend date of 10/31/2023. The BRO stock dividend was $0.13 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 $83.93 with high estimates of $92.00 and low estimates of $75.00. In terms of 52-week highs and lows, BRO has a high of $83.31 and a low of $52.82.
As of this writing, BRO has an earnings estimate of $1.03 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.11 per share and a lower estimate of $0.93. The company reported an EPS of $0.71 in the last quarter, which was 14.50% higher than expectations of $0.62.
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 $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 $19.60, 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, 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 3.75.
