Brown & Brown which can be found using ticker (BRO) have now 10 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 70 and 59 suggesting an average Analsyt target price of $66.20. Now with the previous closing price of $61.40 this would imply there is now a potential upside of 7.8%. The 50 day MA is $57.07 and the 200 moving average now moves to $59.62. The company has a market cap of $17,323m. Visit the company website at: https://www.bbinsurance.com
The potential market cap would be $18,677m based on the market consensus.
Brown & Brown 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. 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 provides public entity-related and specialty programs through a network of independent agents; and program management services for insurance carrier partners. 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. Brown & Brown was founded in 1939 and is headquartered in Daytona Beach, Florida.
The company has a dividend yield of 0.75% with the ex dividend date set at 2-2-2023 (DMY).
Other points of data to note are a P/E ratio of 25.76, revenue per share of 12.85 and a 5.09% return on assets.
