Brown & Brown (NYSE:BRO) Given New $85.00 Price Target at Truist Financial

Brown & Brown (NYSE:BRO) had its target price cut by equities research analysts at Truist Financial from $90.00 to $85.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Truist Financial‘s target price points to a potential upside of 28.50% from the stock’s previous close.

A number of other research firms have also commented on BRO. BMO Capital Markets raised their price target on Brown & Brown from $73.00 to $74.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. Wells Fargo & Company lowered their target price on Brown & Brown from $69.00 to $68.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. Oppenheimer assumed coverage on Brown & Brown in a research note on Wednesday, October 7th. They set an “outperform” rating and a $73.00 target price for the company. Jefferies Financial Group reiterated a “hold” rating on shares of Brown & Brown in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group increased their price objective on shares of Brown & Brown from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $75.71.

Brown & Brown Trading Down 2.1%

Shares of BRO stock traded down $1.40 on Wednesday, hitting $66.15. The stock had a trading volume of 1,238,565 shares, compared to its average volume of 2,939,138. The firm has a market cap of $22.13 billion, a P/E ratio of 20.93, a PEG ratio of 2.27 and a beta of 0.60. Brown & Brown has a twelve month low of $53.81 and a twelve month high of $82.57. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average price of $67.22 and a two-hundred day moving average price of $67.03.

Brown & Brown (NYSE:BRO) last posted its earnings results on Monday, October 26th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.01). Brown & Brown had a return on equity of 13.17% and a net margin of 17.75%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. As a group, analysts forecast that Brown & Brown will post 4.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brown & Brown

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. North Dakota State Investment Board lifted its position in Brown & Brown by 6.4% during the third quarter. North Dakota State Investment Board now owns 8,996 shares of the financial services provider’s stock worth $548,000 after purchasing an additional 545 shares during the period. Asset Management One Co. Ltd. grew its stake in Brown & Brown by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 126,971 shares of the financial services provider’s stock worth $7,733,000 after buying an additional 692 shares in the last quarter. Access Investment Management LLC grew its stake in Brown & Brown by 7.3% during the third quarter. Access Investment Management LLC now owns 17,169 shares of the financial services provider’s stock worth $1,046,000 after buying an additional 1,173 shares in the last quarter. Pullen Investment Management LLC increased its holdings in Brown & Brown by 101.2% in the 3rd quarter. Pullen Investment Management LLC now owns 35,053 shares of the financial services provider’s stock valued at $2,259,000 after buying an additional 17,628 shares during the period. Finally, Financial Management Professionals Inc. increased its holdings in Brown & Brown by 38,821.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 5,449 shares of the financial services provider’s stock valued at $332,000 after buying an additional 5,435 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

More Brown & Brown News

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

• Positive Sentiment: Revenue increased 7.4% year over year to $1.725 billion, while net income rose 5.7% to $240 million. Adjusted EPS increased 1.9% to $1.07, and nine-month revenue grew 23.4% to $5.3 billion. Brown & Brown third-quarter results
• Positive Sentiment: Management outlined a target of $175 million in run-rate net EBITDAC synergies by the end of 2028 and projected 2027 retail organic growth of 2% to 4%, offering potential longer-term support from integration efficiencies and improved core growth. Brown & Brown synergy and growth targets
• Neutral Sentiment: Brown & Brown said the Accession acquisition added approximately 5,000 employees and expanded its capabilities, but investors are assessing whether the deal can deliver its expected benefits amid integration expenses and elevated leverage.
• Negative Sentiment: Adjusted EPS of $1.07 missed the $1.08 consensus estimate, while revenue of $1.70 billion was below the $1.76 billion forecast. The top-line gain was driven substantially by acquisitions rather than underlying demand. Brown & Brown earnings and revenue estimates
• Negative Sentiment: Organic revenue growth was only 1.2% (1.5% including contingents), signaling weak core momentum in a challenging insurance-rate environment. Management also cited softer specialty markets.
• Negative Sentiment: Profitability weakened: adjusted EBITDAC margin declined to 34.6% from 36.6% a year earlier, and income-before-tax margin fell to 18.6% from 19.4%. Accession-related costs, amortization and margin pressure are weighing on near-term earnings. Why Brown & Brown stock slumped

Brown & Brown Company Profile

Brown & Brown, Inc is an insurance brokerage and risk management company headquartered in Daytona Beach, Florida. The company helps businesses, public entities, individuals and other organizations identify, manage and transfer risk by arranging insurance coverage and providing related advisory services.

Its operations include retail insurance brokerage, national programs, wholesale brokerage and services. Brown & Brown offers property and casualty insurance, employee benefits, personal insurance, surety and other specialized coverage.