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Financial Services - Insurance - Brokers - NYSE - US
$ 112.67
-2.03 %
$ 32.3 B
Market Cap
32.56
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one BRO stock under the worst case scenario is HIDDEN Compared to the current market price of 113 USD, Brown & Brown, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one BRO stock under the base case scenario is HIDDEN Compared to the current market price of 113 USD, Brown & Brown, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one BRO stock under the best case scenario is HIDDEN Compared to the current market price of 113 USD, Brown & Brown, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart BRO

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$125.0$125.0$120.0$120.0$115.0$115.0$110.0$110.0$105.0$105.0$100.0$100.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
4.8 B REVENUE
14.28%
0 OPERATING INCOME
0.00%
1 B NET INCOME
15.11%
1.17 B OPERATING CASH FLOW
16.30%
-898 M INVESTING CASH FLOW
-52.98%
-64 M FINANCING CASH FLOW
65.72%
1.18 B REVENUE
-0.17%
0 OPERATING INCOME
0.00%
211 M NET INCOME
-11.34%
361 M OPERATING CASH FLOW
-17.95%
-779 M INVESTING CASH FLOW
-1754.76%
277 M FINANCING CASH FLOW
138.69%
Balance Sheet Brown & Brown, Inc.
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Current Assets 6.92 B
Cash & Short-Term Investments 685 M
Receivables 3.54 B
Other Current Assets 2.7 B
Non-Current Assets 10.7 B
Long-Term Investments 19 M
PP&E 519 M
Other Non-Current Assets 10.2 B
3.89 %20.09 %15.34 %2.95 %57.63 %Total Assets$17.6b
Current Liabilities 6.31 B
Accounts Payable 373 M
Short-Term Debt 225 M
Other Current Liabilities 5.72 B
Non-Current Liabilities 4.86 B
Long-Term Debt 189 M
Other Non-Current Liabilities 4.67 B
3.34 %51.15 %41.81 %Total Liabilities$11.2b
EFFICIENCY
Earnings Waterfall Brown & Brown, Inc.
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Revenue 4.8 B
Cost Of Revenue 2.41 B
Gross Profit 2.4 B
Operating Expenses 2.3 B
Operating Income 0
Other Expenses -1 B
Net Income 1 B
5b5b5b5b4b4b4b4b3b3b3b3b2b2b2b2b1b1b500m500m005b(2b)2b(2b)01b1bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
49.93% GROSS MARGIN
49.93%
0.00% OPERATING MARGIN
0.00%
20.67% NET MARGIN
20.67%
15.43% ROE
15.43%
5.64% ROA
5.64%
0.00% ROIC
0.00%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Brown & Brown, Inc.
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1b1b1b1b800m800m600m600m400m400m200m200m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 1 B
Depreciation & Amortization 222 M
Capital Expenditures 0
Stock-Based Compensation 101 M
Change in Working Capital -105 M
Others -117 M
Free Cash Flow 1.17 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Brown & Brown, Inc.
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Wall Street analysts predict an average 1-year price target for BRO of $108 , with forecasts ranging from a low of $84 to a high of $116 .
BRO Lowest Price Target Wall Street Target
84 USD -25.45%
BRO Average Price Target Wall Street Target
108 USD -4.59%
BRO Highest Price Target Wall Street Target
116 USD 2.96%
Price
Max Price Target
Min Price Target
Average Price Target
1251251201201151151101101051051001009595909085858080May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.15% DIVIDEND YIELD
0.15 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.60000.60000.50000.50000.40000.40000.30000.30000.20000.20000.10000.10000.00000.00000.0550.06150.06750.0750.080.0850.09250.10250.1150.130.150.0550.06150.06750.0750.080.0850.09250.10250.1150.130.0550.06150.06750.0750.080.0850.09250.10250.1150.130.06150.230.06750.250.0750.280.080.310.0850.330.09250.350.10250.380.1150.420.130.480.150.540.152015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 6
6. Ownership
Insider Ownership Brown & Brown, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
46.8 M USD 1
6-9 MONTHS
14.3 M USD 2
9-12 MONTHS
301 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Brown & Brown, Inc. announces 2025 first-quarter earnings release and conference call dates DAYTONA BEACH, Fla., April 02, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2025 first-quarter earnings on Monday, April 28, 2025, after the close of the market. On Tuesday, April 29, 2025, J. Powell Brown, Brown & Brown's president and chief executive officer, and R. Andrew Watts, Brown & Brown's executive vice president and chief financial officer, will host an investor update conference call concerning Brown & Brown's first-quarter 2025 financial results. You are invited to listen to the call, which will be broadcast live on Brown & Brown's website at 8:00 a.m. EDT. Simply log on to www.bbrown.com and click on "Investor Relations" and then "Calendar of Events." globenewswire.com - 2 weeks ago
Brown & Brown (BRO) Upgraded to Buy: Here's Why Brown & Brown (BRO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). zacks.com - 2 weeks ago
Best Dividend Aristocrats For April 2025 Dividend Aristocrats are outperforming the S&P 500 in 2025, demonstrating resilience, with NOBL up 1.78% YTD versus SPY's 4.9% decline. Top performers include Consolidated Edison (+22.98%), Brown & Brown (+20.65%), and AbbVie (+16.61%), showcasing strong double-digit gains. 29 out of 69 Dividend Aristocrats have announced dividend increases in 2025, with an average growth rate of 4.15%. seekingalpha.com - 2 weeks ago
Brown & Brown: A Shield Against Market Turbulence Brown & Brown's growth is driven by insurance premium growth, strategic acquisitions, and potential corporate tax cuts, justifying a 'Strong Buy' rating with a fair value of $154 per share. Recent acquisitions of Quintes Holding B.V. and Drewberry expand Brown & Brown's international footprint, enhancing revenue and cost synergies. BRO achieved 13.8% organic revenue growth and 22.6% adj. EBITDAC growth in FY24, benefiting from market share gains and rising insurance premiums. seekingalpha.com - 2 weeks ago
Brown & Brown (BRO) Is Up 0.27% in One Week: What You Should Know Does Brown & Brown (BRO) have what it takes to be a top stock pick for momentum investors? Let's find out. zacks.com - 3 weeks ago
Is Brown & Brown (BRO) Outperforming Other Finance Stocks This Year? Here is how Brown & Brown (BRO) and Pagaya Technologies Ltd. (PGY) have performed compared to their sector so far this year. zacks.com - 3 weeks ago
Earnings Beat, Big Money Lift Brown & Brown Shares Strong financial performance keeps shares of insurance broker Brown & Brown, Inc. (BRO) rising. fxempire.com - 3 weeks ago
Brown & Brown Gets Downgraded But Analyst Still Vouches For Long-Term Growth Morgan Stanley analyst Bob Jian Huang downgraded Brown & Brown, Inc. BRO to Equal-weight from Overweight and maintained a price forecast of $128. benzinga.com - 3 weeks ago
Zacks Industry Outlook Erie Indemnity, Brown and Brown, Marsh & McLennan, Arthur J. Gallagher & Co and Aon Erie Indemnity, Brown and Brown, Marsh & McLennan, Arthur J. Gallagher & Co and Aon have been highlighted in this Industry Outlook article. zacks.com - 3 weeks ago
5 Stocks to Watch From the Thriving Insurance Brokerage Industry The increased demand for insurance products, strategic acquisitions and the adoption of technology are likely to drive the performance of Zacks Insurance Brokerage industry players like ERIE, BRO, MMC, AJG and AON. zacks.com - 3 weeks ago
The Dividend Aristocrats Ranked By Quality Scores: March 2025 S&P Dow Jones Indices added three new members to the S&P 500 Dividend Aristocrats Index, expanding it to 69 companies. I rank Dividend Aristocrats by quality scores, presenting undervalued and overvalued stocks with detailed metrics and fair value estimates. My quality scoring system uses six indicators, each worth 5 points, for a maximum score of 30, categorizing stocks from Exceptional to Inferior. seekingalpha.com - 1 month ago
Brown & Brown Stock Near 52-Week High: What Should Investors Know? BRO stock remains poised to gain from new business, solid retention, higher core commissions and fees, strategic buyouts and prudent capital deployment. zacks.com - 1 month ago
8. Profile Summary

Brown & Brown, Inc. BRO

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COUNTRY US
INDUSTRY Insurance - Brokers
MARKET CAP $ 32.3 B
Dividend Yield 0.15%
Description 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.
Contact 300 North Beach Street, Daytona Beach, FL, 32114 https://www.bbinsurance.com
IPO Date Feb. 11, 1981
Employees 17403
Officers Mr. J. Powell Brown C.P.C.U. Chief Executive Officer, President & Director Mr. Stephen P. Hearn Executive Vice President & Chief Operating Officer Mr. J. Scott Penny C.I.C. Executive Vice President & Chief Acquisitions Officer Mr. P. Barrett Brown Executive Vice President & President of Retail Segment Mr. Kiet Tran Chief Technology Officer Mr. Chris L. Walker Executive Vice President & President of Programs Segment