2 weeks Ago By ABMN Staff
Brown & Brown, Inc. ( NYSE:BRO – Free Report ) – William Blair boosted their Q4 2024 earnings estimates for shares of Brown & Brown in a report released on Tuesday, September 24th. William Blair analyst A.
Klauber now expects that the financial services provider will earn $0.71 per share for the quarter, up from their prior estimate of $0.69.
The consensus estimate for Brown & Brown’s current full-year earnings is $3.68 per share. Brown & Brown ( NYSE:BRO – Get Free Report ) last posted its quarterly earnings results on Monday, July 22nd.
The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.
05. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.
14 billion. Brown & Brown had a net margin of 21.95% and a return on equity of 17.
00%. The company’s revenue was up 12.5% on a year-over-year basis.
During the same period in the prior year, the business posted $0.68 earnings per share. Get Our Latest Research Report on BRO Brown & Brown Trading Down 0.
3 % NYSE BRO opened at $102.66 on Friday. The stock has a 50-day moving average of $101.
68 and a 200-day moving average of $92.45. The company has a current ratio of 2.
35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.56.
Brown & Brown has a 1-year low of $66.73 and a 1-year high of $106.02.
The firm has a market cap of $29.28 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 2.
37 and a beta of 0.83. Institutional Inflows and Outflows A number of large investors have recently added to or reduced their stakes in BRO.
Congress Asset Management Co. MA purchased a new stake in shares of Brown & Brown in the fourth quarter worth $82,445,000. Royal London Asset Management Ltd.
boosted its stake in Brown & Brown by 105.1% in the 2nd quarter. Royal London Asset Management Ltd.
now owns 2,068,333 shares of the financial services provider’s stock worth $184,930,000 after purchasing an additional 1,059,711 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Brown & Brown by 76.2% during the 4th quarter.
The Manufacturers Life Insurance Company now owns 2,000,227 shares of the financial services provider’s stock valued at $142,236,000 after purchasing an additional 865,082 shares during the last quarter. Confluence Investment Management LLC bought a new stake in Brown & Brown during the 1st quarter valued at about $49,598,000. Finally, Allianz Asset Management GmbH increased its stake in Brown & Brown by 339.
1% during the 4th quarter. Allianz Asset Management GmbH now owns 648,550 shares of the financial services provider’s stock valued at $46,118,000 after purchasing an additional 500,847 shares in the last quarter. Hedge funds and other institutional investors own 71.
01% of the company’s stock. Insider Activity In related news, Chairman Hyatt J. Brown sold 134,640 shares of the company’s stock in a transaction on Thursday, August 29th.
The stock was sold at an average price of $104.51, for a total value of $14,071,226.40.
The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . In other news, CFO R. Andrew Watts sold 2,500 shares of Brown & Brown stock in a transaction that occurred on Thursday, August 8th.
The shares were sold at an average price of $100.32, for a total transaction of $250,800.00.
Following the completion of the transaction, the chief financial officer now directly owns 88,445 shares in the company, valued at $8,872,802.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
Also, Chairman Hyatt J. Brown sold 134,640 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $104.
51, for a total value of $14,071,226.40. The disclosure for this sale can be found here .
17.02% of the stock is currently owned by company insiders. Brown & Brown Announces Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th.
Stockholders of record on Wednesday, August 7th were given a $0.13 dividend. This represents a $0.
52 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Wednesday, August 7th.
Brown & Brown’s dividend payout ratio is currently 16.00%. Brown & Brown Company Profile ( Get Free Report ) Brown & Brown, Inc markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally.
It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services. Featured Articles Receive News & Ratings for Brown & Brown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brown & Brown and related companies with MarketBeat.
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