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. Yahoo Finance discussed the stock recently as it posted Brown & Brown, Inc. acquires the assets of CHAPP, Inc. and Citrus Insurance Services, Inc..
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Stocks Info
The company is listed on the NYSE and operates within the Insurance Brokers industry segment. At the end of the last regular session, the stock closed at $82.65 and fluctuated between $83.30 as its day high and $82.28 as its day low. The current market capitalization of Brown & Brown, Inc. is $23.62B. A total of 1.12 million shares were traded on the day, compared to an average of 1.32M shares.
In the most recent transaction, BROWN HYATT J sold 91,677 shares of BRO for 85.14 per share on Mar 13 ’24. After the transaction, the Chairman now owns 37,368,928 company shares. In a previous transaction on Mar 12 ’24, BROWN HYATT J sold 144,323 shares at 85.96 per share. BRO shares that Chairman owns now total 37,460,605.
Among the insiders who sold shares, Boyd Stephen M disposed of 2,500 shares on Nov 02 ’23 at a per-share price of $70.64. This resulted in the EVP/ Pres Wholesale Brokerage holding 64,471 shares of BRO after the transaction. In another insider transaction, Masojada Bronislaw Edmund bought 4,000 shares at $65.78 per share on Jun 21 ’23. Company shares held by the Director now total 4,000.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. 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 27.07. 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.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, BRO has a high of $87.99 and a low of $58.05.
As of this writing, BRO has an earnings estimate of $1.05 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.1 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
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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
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. 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 3.67.
