BRO Stock Recent News

Brown & Brown's (BRO) third-quarter results reflect higher investment income and improved EBITDAC margin, partly offset by higher expenses.

Brown & Brown (BRO) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.50 per share a year ago.

While the top- and bottom-line numbers for Brown & Brown (BRO) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Brown & Brown (BRO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Brown & Brown's (BRO) recent 13% hike in dividend reflects its intention to enhance shareholder value, which is supported by its strong financial position.

Brown & Brown (BRO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Brown & Brown (BRO) completes the pending acquisition of Kentro, which will help it boost its presence in the UK.

DAYTONA BEACH, Fla., Oct. 02, 2023 (GLOBE NEWSWIRE) --  Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2023 third-quarter earnings on Monday, October 23, 2023, after the close of the market. On Tuesday, October 24, 2023, 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 third-quarter 2023 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.bbinsurance.com and click on "Investor Relations" and then "Calendar of Events."

Solid new businesses, premium-rate increases across the majority of business lines, expansion initiatives, strategic acquisitions and a strong financial position continue to drive Brown & Brown (BRO).

Brown & Brown has seen rapid expansion through acquisitions, but the market is overvaluing the company. BRO operates in various aspects of the insurance industry and has shown strong growth and profitability. Rising debt levels and high valuation pose risks, but BRO is likely to continue growing its top line through acquisitions. Hold rating for now.