Analysts Point To Brown & Brown, Inc. (NYSE: BRO) Growth In The Future

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.

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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 $85.24 and fluctuated between $85.33 as its day high and $84.47 as its day low. The current market capitalization of Brown & Brown, Inc. is $24.31B. A total of 0.96 million shares were traded on the day, compared to an average of 1.22M 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

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 $0.51, resulting in a dividend yield of 0.59%, and it has a price to earnings (P/E) ratio of 26.26. BRO’s most recent ex-dividend date was 5/3/2024 when it declared a $0.13 quarterly dividend that was paid in cash on 5/15/2024. Previously, the company paid the dividend on 2/14/2024 with an ex-dividend date of 2/1/2024. The BRO stock dividend was $0.13 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. In terms of 52-week highs and lows, BRO has a high of $87.99 and a low of $61.71.

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. 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 $20.27, while its Total Shareholder’s Equity was $4.20B.

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, 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.

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