It has been a rather wild few weeks in the market, with the broad stock indexes experiencing the sharpest correction so far this year. Although stocks have bounced back aggressively following last week's sell off, there is still some uncertainty on the horizon. Amidst this volatility, one sector has stood out and shown considerable resilience even after outperforming all year. Insurance stocks held up exceptionally well during the sell-off and continue to lead the market higher today. Additionally, the Insu ...

Brown & Brown, Inc.'s (BRO) shares have jumped 40% year to date (YTD) compared with the industry's growth of 20.6%. The Finance sector and the Zacks S&P 500 composite have risen 7.7% and 12.3%, respectively, in the same time frame. With a market capitalization of $28.61 billion, the average volume of shares traded in the last three months was 1.17 million. Image Source: Zacks Investment Research The rally was largely driven by higher core commissions and fees, new business, solid retention, rate increases, ...

DAYTONA BEACH, Fla., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces the addition of insurance industry veteran Stephen ("Steve") P. Hearn to Brown & Brown's board of directors. H. Palmer Proctor, Jr., Brown & Brown's lead independent director and chair of the Nominating/Corporate Governance Committee of Brown & Brown's board of directors, said, "Steve has established himself as a fixture in the London insurance marketplace, having grown and led several successful international b ...

Core Viewpoint - Brown & Brown (BRO) is currently exhibiting strong momentum with a Momentum Style Score of A, indicating positive price changes and earnings estimate revisions [1][13]. Price Performance - BRO shares have increased by 7.26% over the past week, outperforming the Zacks Insurance - Brokerage industry, which rose by 5.38% during the same period [2]. - Over the past month, BRO's price change is 10.72%, compared to the industry's 7.65% [2]. - In the last quarter, BRO shares have risen by 17.16%, and over the past year, they have gained 40.04%, while the S&P 500 has only increased by 7.18% and 20.85%, respectively [11]. Earnings Estimates - In the last two months, five earnings estimates for BRO have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $3.61 to $3.67 [8]. - For the next fiscal year, five estimates have also moved higher without any downward revisions [8]. Trading Volume - BRO's average 20-day trading volume is 1,075,755 shares, which serves as a bullish indicator when combined with rising stock prices [7]. Zacks Rank and Style Score - BRO holds a Zacks Rank of 2 (Buy), and stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) with Style Scores of A or B tend to outperform the market over the following month [9]. - The Zacks Momentum Style Score incorporates various factors, including estimate revisions and price movement, which are significant for the Zacks Rank [12].

Core Viewpoint - Brown & Brown, Inc. has entered into an agreement to acquire Quintes Holding B.V., a leading independent insurance broker in the Netherlands, with the transaction expected to close in Q4 2024, pending regulatory approvals [1][4]. Company Overview - Quintes, founded in 2012, is one of the largest independent insurance brokers in the Netherlands, serving approximately 200,000 customers across three main divisions: broking, MGA, and pension business [2]. - The company operates with around 700 insurance professionals across 18 locations in the Netherlands, characterized by high-quality advice and a customer-first approach [5]. Leadership and Integration - Post-acquisition, Quintes will continue to be led by its CEO and founder, Gijsbert van de Nieuwegiessen, who will report to Mike Bruce, CEO of Brown & Brown (Europe) Limited [3]. - The leadership of both companies emphasizes a shared commitment to customer service and aims to leverage Quintes' market position to enhance Brown & Brown's international footprint and capabilities [4]. Strategic Benefits - The acquisition is expected to provide Quintes' customers with access to additional capabilities and services through Brown & Brown's global network, while also offering growth opportunities for Quintes' employees [4]. - The hub structure of Quintes aligns well with Brown & Brown's decentralized sales and service model, which is anticipated to complement existing capabilities and drive growth [4].

On the transaction, Mike Bruce shared, "Gijsbert and the team at Quintes share our commitment to always doing what is best for customers, teammates and carrier partners. Their position as an industry leader in the Dutch market will further expand our international footprint and broaden the scope of our global capabilities." Gijsbert van de Nieuwegiessen stated, "After four successful years of strategic partnership with Aquiline, we have found a forever home in Brown & Brown. Quintes and Brown & Brown are li ...

Vancouver, British Columbia--(Newsfile Corp. - July 26, 2024) - Barksdale Resources Corp. (TSXV: BRO) ("Barksdale" or the "Company") is pleased to announce the closing of the second and final tranche ("Final Tranche") of its previously announced non-brokered private placement offering ("Offering") of units of the Company ("Units") with the issuance of 14,674,683 Units for gross proceeds of $2,201,202.45. The first tranche ("First Tranche") of the non-brokered private placement offering comprising 27,325,317 ...

Brown & Brown, Inc. (NYSE:BRO) Q2 2024 Earnings Conference Call July 23, 2024 8:00 AM ET Company Participants Powell Brown - President and CEO Andy Watts - EVP, CFO and Treasurer Conference Call Participants Mark Hughes - Truist Securities Michael Zaremski - BMO Elyse Greenspan - Wells Fargo Yaron Kinar - Jefferies Rob Cox - Goldman Sachs Sidney Schultz - Raymond James Grace Carter - Bank of America Meyer Shields - Keefe, Bruyette & Woods Mike Ward - Citi Scott Heleniak - RBC Capital Markets Operator Good m ...

Brown & Brown, Inc.'s (BRO) second-quarter 2024 adjusted earnings of 93 cents per share beat the Zacks Consensus Estimate by 6.8%. The bottom line increased 17.7% year over year. The quarterly results reflected improved organic revenues, expanded EBITDAC margin and increased net investment income, offset by higher expenses. Total revenues of $1.2 billion beat the Zacks Consensus Estimate by 3.3%. The top line improved 12.5% year over year. The upside can be primarily attributed to commission and fees, which ...

Brown & Brown (BRO) reported $1.18 billion in revenue for the quarter ended June 2024, representing a yearover-year increase of 12.5%. EPS of $0.93 for the same period compares to $0.68 a year ago. View all Key Company Metrics for Brown & Brown here>>> Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Revenues- Commissions and fees: $1 ...