Wall Street analysts expect Brown & Brown (BRO) to post quarterly earnings of $1.04 per share in its upcoming report, which indicates a year-over-year increase of 23.8%. Revenues are expected to be $1.19 billion, up 7% from the year-ago quarter.The current level reflects a downward revision of 3.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a compa ...

Brown & Brown, Inc.’s (BRO) shares have jumped 34% in a year compared with the industry's growth of 6%. The Finance sector and the Zacks S&P 500 composite have risen 16.4% and 22.5%, respectively, in the same time frame. With a market capitalization of $23.09 billion, the average volume of shares traded in the last three months was 1.28 million.Image Source: Zacks Investment ResearchThe rally was largely driven by higher core commissions and fees, new business, solid retention, rate increases, strategic acq ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Brown & Brown (BRO) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 22, 2024, might help the stock move higher if these key numbers are better than expe ...

You don’t have to be a daredevil to score big gains in the stock market. Sure, high-risk, high-reward plays can supercharge your portfolio if you nail the timing just right on these plays. But for investors who prefer to keep their blood pressure in check, there’s an underrated strategy that lets you have your cake and eat it too.I’m talking about buying into low-beta, high-reward stocks. These companies are essentially the best of both worlds. They provide plenty of long-term upside potential, but also are ...

DAYTONA BEACH, Fla., April 03, 2024 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Bucky and Cindy Payne, the owners of CHAPP, Inc. ("CHAPP") and Citrus Insurance Services, Inc. ("Citrus Insurance"), today announced that Brown & Brown has acquired the assets of CHAPP and Citrus Insurance. CHAPP and Citrus Insurance are essential risk management partners for their customers in Florida and across the U.S. by providing insurance solutions for all aspects o ...

DAYTONA BEACH, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") has announced the appointment of David Putz and Niels Seebeck to the senior leadership team. President and chief executive officer Powell Brown remarked, "With our continued strong business growth comes the need to tap into our deep ranks of key leaders to provide additional, unique perspectives and insights that will help drive us forward. I am excited to welcome David and Niels to our senior leadership t ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

One stock that might be an intriguing choice for investors right now is Brown & Brown, Inc. (BRO) . This is because this security in the Insurance - Brokerage space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the In ...

Brown & Brown, Inc.’s (BRO) unit, Brown & Brown Dealer Services (“BBDS”), has acquired the assets of DealerMax. This acquisition is expected to strengthen BRO’s presence in the Northeast.Berwyn, PA-based DealerMax, founded in 1982, offers vehicle service contracts, rental cars, payment reinsurance and consulting. The company caters to dealer customers in Pennsylvania and across the Northeast. With the addition of DealerMax, Brown & Brown will be able to leverage the expertise of DealerMax in the finance and ...

DAYTONA BEACH, Fla., March 13, 2024 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Jim Maxim, Jr. and Jim Maxim, Sr., the owners of DealerMax ("DealerMax"), today announced that Brown & Brown Dealer Services ("BBDS") has acquired the assets of DealerMax. DealerMax, originally founded in 1982 by Jim Maxim, Sr. as Maxim Automotive, serves dealer customers in Pennsylvania and throughout the Northeast. Under the leadership of Jim Maxim, Jr., DealerMax has c ...