Brown & Brown (BRO)
NYSE:BRO
Want to see BRO full AI Analyst Report?
BRO Stock Chart & Stats
$67.72
$1.36(1.35%)
At close: 4:00 PM EST
$67.72
$1.36(1.35%)
Day’s Range― - ―
52-Week Range$53.81 - $113.84
Previous CloseN/A
Volume422.23K
Average Volume (3M)3.31M
Market Cap
$19.07B
Enterprise Value$26.12B
Total Cash (Recent Filing)$1.00B
Total Debt (Recent Filing)$8.06B
Price to Earnings (P/E)16.5
Beta0.40
Next Earnings
Jul 27, 2026EPS Estimate
1.09Next Dividend Ex-DateN/A
Dividend Yield0.77%
Share Statistics
EPS (TTM)3.55
Shares Outstanding338,947,850
10 Day Avg. Volume2,794,473
30 Day Avg. Volume3,313,827
Financial Highlights & Ratios
PEG Ratio-10.20
Price to Book (P/B)1.97
Price to Sales (P/S)4.15
P/FCF Ratio17.88
Enterprise Value/Market Cap1.37
Enterprise Value/Revenue4.07
Enterprise Value/Gross Profit6.85
Enterprise Value/Ebitda12.05
Forecast
1Y Price Target
$71.54Price Target Upside5.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
EPS Forecast (FY)4.51
Revenue Forecast (FY)$7.05B
Bulls Say, Bears Say
Bulls Say
Cash Generation QualityFree cash flow tracking ~99% of net income and positive FCF growth (TTM +3.1%) show high earnings quality and durable cash conversion. This supports repeatable capital deployment (deleveraging, M&A, buybacks, dividends) and reduces reliance on external funding over the medium term.
Durable Profitability & MarginsConsistently high operating margins (TTM EBIT ~28%, EBITDA ~35%) and healthy net margins (~18–21%) reflect the brokerage fee model's scale advantages and operating leverage. These margins provide resilience through cycles and capacity to invest in tech, talent, and strategic growth initiatives over multiple quarters.
Scale + Productivity InvestmentsThe Accession acquisition materially expands scale and client relationships while management targets $30–$40M of synergies. Concurrent AI and automation initiatives (large submission and billing automation use) create structural productivity gains that can lift margins and accelerate cross-sell over the medium term.
Bears Say
Organic Growth Pressure (Ex-Contingents)Near-term organic growth is weak when excluding contingent commissions, with Specialty down ~2%. Structural headwinds—CAT property rate declines and model shifts—show reliance on contingent revenue to mask slower underlying book growth, which could limit sustainable top-line momentum over coming quarters.
Integration Drag & Share DilutionAccession integration depressed margins and cash conversion (~200 bps drag) and required issuing shares (~+52M weighted avg), diluting per-share metrics. Until targeted synergies and cash conversion recover, integration friction and higher share count may constrain EPS and ROE improvements across several quarters.
Client Attrition & Business Model ShiftsLitigation-related client losses (~$31M annualized) combined with a legacy pharmacy shift from volume to PEPM reduce recurring fee streams. These changes can lower revenue predictability and cross-sell potential, pressuring margins and requiring compensating new business or retention efforts over multiple quarters.
Brown & Brown News
BRO FAQ
What was Brown & Brown’s price range in the past 12 months?
Brown & Brown lowest stock price was $53.81 and its highest was $113.83 in the past 12 months.
What is Brown & Brown’s market cap?
Brown & Brown’s market cap is $19.07B.
When is Brown & Brown’s upcoming earnings report date?
Brown & Brown’s upcoming earnings report date is Jul 27, 2026 which is in 54 days.
How were Brown & Brown’s earnings last quarter?
Brown & Brown released its earnings results on Apr 27, 2026. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.362 by $0.028.
Is Brown & Brown overvalued?
According to Wall Street analysts Brown & Brown’s price is currently Undervalued.
Does Brown & Brown pay dividends?
Brown & Brown pays a Quarterly dividend of $0.165 which represents an annual dividend yield of 0.77%. See more information on Brown & Brown dividends here
What is Brown & Brown’s EPS estimate?
Brown & Brown’s EPS estimate is 1.09.
How many shares outstanding does Brown & Brown have?
Brown & Brown has 338,947,850 shares outstanding.
What happened to Brown & Brown’s price movement after its last earnings report?
Brown & Brown reported an EPS of $1.39 in its last earnings report, beating expectations of $1.362. Following the earnings report the stock price went down -4.507%.
Which hedge fund is a major shareholder of Brown & Brown?
Currently, no hedge funds are holding shares in BRO
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Brown & Brown Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$71.54 (5.64% Upside)
$71.54 (5.64% Upside)
Blogger Sentiment
Bullish
BRO Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 8.6M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $114.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 3.9%
Last 30 Days ▼ 3.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-49.07%
12-Months-Change
Fundamentals
Return on Equity
9.35%
Trailing 12-Months
Asset Growth
77.21%
Trailing 12-Months
Company Description
Brown & Brown
Brown & Brown, Inc. markets and sells insurance products and services in the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, loss control survey and analysis, consultancy, and claims processing services. It serves commercial, public and quasi-public entities, professional, and individual customers. The National Programs segment offers professional liability and related package insurance products for dentistry, legal, eyecare, insurance, financial, physicians, real estate title professionals, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also offers outsourced product development, marketing, underwriting, actuarial, compliance, and claims and other administrative services to insurance carrier partners; and commercial and public entity-related programs, and flood insurance products. It serves through independent agents. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance through independent agents and brokers. The Services segment offers third-party claims administration and medical utilization management services in the workers' compensation and all-lines liability arenas, Medicare Set-aside, Social Security disability, Medicare benefits advocacy, and claims adjusting services. The company was founded in 1939 and is headquartered in Daytona Beach, Florida.
BRO Company Deck
BRO Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call highlighted strong consolidated growth driven by the Accession acquisition, meaningful contingent commission upside, margin expansion, improved cash generation and clear AI/technology initiatives expected to drive long-term productivity and revenue. Offsetting these positives are near-term organic growth headwinds ex-contingents (driven by CAT property rate declines and a pharmacy revenue-model transition), comparable impacts from prior-year flood claims, litigation-related client losses (~$31M annualized) and integration-related margin and cash conversion drag. Management expects sequential organic improvement and full-year benefits from Accession synergies and AI investments.View all BRO earnings summariesBRO Revenue Breakdown
66.77% Base commissions
21.65% Fees
3.49% Other supplemental commissions
4.32% Profit-sharing contingent commissions
1.41% Earned premium
2.24% Investment income
0.12% Other income, net
BRO Stock 12 Month Forecast
Average Price Target
$71.54
▲(5.64% Upside)
Technical Analysis
Ownership Overview
14.27% Insiders
28.69% Mutual Funds
25.04% Other Institutional Investors
10.39% Public Companies and Individual Investors