Brown & Brown, Inc. with ticker code (BRO) have now 10 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 70 and 59 with the average target price sitting at $65.20. Given that the stocks previous close was at $58.96 and the analysts are correct then there would likely be a percentage uptick in value of 10.6%. It’s also worth noting that there is a 50 day moving average of $56.86 and the 200 day MA is $59.59. The total market capitalization for the company now stands at $16,673m. Visit the company website at: https://www.bbinsurance.com
The potential market cap would be $18,438m based on the market consensus.
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. 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, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.
The company has a dividend yield of 0.78% with the ex dividend date set at 2-2-2023 (DMY).
Other points of data to note are a P/E ratio of 24.8, revenue per share of 12.85 and a 5.09% return on assets.
