Brown & Brown (NYSE:BRO) Price Target Lowered to $72.00 at Royal Bank Of Canada

Brown & Brown (NYSE:BRO) had its target price reduced by Royal Bank Of Canada from $76.00 to $72.00 in a report published on Wednesday morning,Benzinga reports. They currently have a sector perform rating on the financial services provider’s stock.

A number of other brokerages have also issued reports on BRO. Wells Fargo & Company lowered their price target on Brown & Brown from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Morgan Stanley lowered their price objective on Brown & Brown from $76.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Bank of America lowered their price objective on Brown & Brown from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. UBS Group reissued a “neutral” rating and set a $81.00 price objective (down from $90.00) on shares of Brown & Brown in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Brown & Brown from $91.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Three research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.00.

Brown & Brown Stock Performance

Shares of NYSE:BRO opened at $61.67 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66. The business’s 50 day moving average price is $67.78 and its 200-day moving average price is $75.28. The firm has a market capitalization of $20.99 billion, a PE ratio of 19.83, a P/E/G ratio of 1.80 and a beta of 0.83. Brown & Brown has a 1 year low of $61.56 and a 1 year high of $113.83.

Brown & Brown (NYSE:BRO) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.03. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.92 billion. Brown & Brown had a return on equity of 13.05% and a net margin of 17.94%.The business’s revenue was up 35.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 earnings per share. As a group, equities research analysts expect that Brown & Brown will post 4.54 earnings per share for the current fiscal year.

Brown & Brown Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, May 11th. Brown & Brown’s dividend payout ratio is 20.63%.

Hedge Funds Weigh In On Brown & Brown

Large investors have recently modified their holdings of the business. Darwin Wealth Management LLC purchased a new stake in shares of Brown & Brown in the 2nd quarter valued at $30,000. Cornerstone Planning Group LLC raised its holdings in shares of Brown & Brown by 423.1% in the 3rd quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock valued at $26,000 after buying an additional 220 shares during the period. Basepoint Wealth LLC purchased a new stake in shares of Brown & Brown in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Brown & Brown in the 1st quarter valued at $25,000. Finally, DV Equities LLC purchased a new stake in shares of Brown & Brown in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Key Headlines Impacting Brown & Brown

Here are the key news stories impacting Brown & Brown this week:

• Positive Sentiment: Q1 EPS beat estimates (reported $1.39 vs. $1.36 est.), helped by higher commissions, investment income and EBITDAC — a near?term bullish datapoint supporting profitability. Article Title
• Positive Sentiment: Board declared a quarterly cash dividend of $0.165/share (record May 11, payable May 20) — modest income support for yield?oriented holders.
• Neutral Sentiment: Revenue headline shows a 35% year?over?year increase (driven by M&A), but organic growth was effectively flat — mixed signal for sustainable top?line momentum. Article Title
• Neutral Sentiment: Detailed Q1 earnings call transcript and presentation are available for investors who want to dig into guidance, M&A cadence and segment trends. Earnings Call Transcript Presentation
• Negative Sentiment: Royal Bank of Canada cut its price target from $76 to $72 and set a “sector perform” rating (still implies upside from current levels, but a downgrade in target pressure). Article Title
• Negative Sentiment: Wells Fargo lowered its PT from $72 to $69 and moved to “equal weight” — another Wall Street trim that can weigh on sentiment. Article Title
• Negative Sentiment: Keefe, Bruyette & Woods cut its PT to $72 with a “market perform” view — further confirmation of analyst caution on near?term upside. Article Title
• Negative Sentiment: Truist lowered its PT from $100 to $90 but kept a “buy” rating — a sizable PT cut that signals reduced conviction on valuation multiple expansion. Article Title
• Negative Sentiment: Independent analysis (Seeking Alpha) argues BRO is overvalued given slowing organic growth and sector headwinds, lowering a fair?value target to $58 — a bearish view that can amplify selling pressure. Article Title

Brown & Brown Company Profile

Brown & Brown, Inc (NYSE: BRO) is a professional insurance brokerage and risk advisory firm that provides a broad range of property and casualty, employee benefits, personal risk, and specialty insurance products. The company works with commercial, public sector and individual clients to design and place insurance programs, manage claims and loss control, and deliver risk management consulting. Its services also include wholesale brokerage, program administration and other specialty distribution solutions that connect carriers and intermediaries to niche markets.

Brown & Brown operates through a decentralized model of operating units and subsidiaries, enabling local client service with the scale to access national and specialty markets.