It has been about a month since the last earnings report for Brown & Brown (BRO) . Shares have added about 4.9% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Brown & Brown due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Brown & Brown Q2 Earnings Beat Estimates, ...

Core Viewpoint - The insurance sector has demonstrated resilience amidst recent market volatility, outperforming other sectors and leading the market higher [2][17]. Industry Performance - The insurance brokerage industry ranks in the top 4% of the Zacks Industry Rank, indicating strong performance relative to other sectors [2]. - Insurance stocks, including Progressive, Brown and Brown, and Arthur J. Gallagher and Co., have shown impressive long-term stock performances and secure business models [3][11]. Company Highlights Progressive - Progressive has compounded at an annual rate of 18.8% over the past 15 years, significantly increasing investor returns [4]. - The company has a Zacks Rank 2 (Buy) rating, with earnings estimates experiencing upward revisions [4]. - Progressive's forward earnings multiple is 18.6x, below the market average, with EPS expected to grow 23.8% annually over the next three to five years, resulting in a PEG ratio of 0.78 [5]. Brown and Brown - Brown and Brown has compounded at an annual rate of 17% since 1995, outperforming the market average and providing substantial returns to investors [8]. - The company also holds a Zacks Rank 2 (Buy) rating, with expected sales growth of 10% this year and 7% next year, and EPS forecasted to grow 30.6% this year [9]. - Brown and Brown's forward earnings multiple is 27.2x, above the market average [9]. Arthur J. Gallagher and Co. - Arthur J. Gallagher and Co. is the world's largest property/casualty third-party claims administrator and ranks fourth globally among insurance brokers by revenue [11]. - The company has a Zacks Rank 1 (Strong Buy) rating, with a cash position that has grown 45% year-over-year to $1.4 billion, providing options for dividends, buybacks, or acquisitions [12]. - The forward earnings multiple for Arthur J. Gallagher and Co. is 27.8x, with a dividend yield of 0.85% and an average annual dividend increase of 7% over the last five years [13]. Sales and Earnings Estimates - Zacks Consensus Estimates for sales indicate a current quarter estimate of $2.78 billion, with year-over-year growth of 13.15% [14]. - Earnings estimates for the current quarter are projected at $2.31, reflecting a year-over-year growth of 15.50% [16]. Final Thoughts - The strong performance of the insurance industry is expected to continue into year-end, with stocks showing relative strength and potential for breakout [17][18].

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].

Core Viewpoint - Brown & Brown, Inc. has announced an agreement to acquire Quintes Insurance & Risk Management, a leading insurance broker in the Netherlands, which is expected to enhance Brown & Brown's international presence and capabilities [2][4]. Company Overview - Quintes Insurance & Risk Management, founded in 2012, is one of the largest independent insurance brokers in the Netherlands, serving approximately 200,000 customers across its three main divisions: broking, Managing General Agent (MGA), and pension business [8]. - The company operates with a team of around 700 professionals from 18 locations throughout the Netherlands, characterized by high-quality advice and a customer-first approach [8]. Transaction Details - The acquisition is anticipated to close in the fourth quarter of 2024, pending regulatory approvals and other closing conditions [2]. - Gijsbert van de Nieuwegiessen, the CEO and founder of Quintes, will continue to lead the company post-acquisition and will report to Mike Bruce, CEO of Brown & Brown (Europe) Limited [3]. Strategic Alignment - The leadership of Brown & Brown expressed excitement about the acquisition, noting that Quintes' hub structure aligns well with their decentralized sales and service model, which is expected to complement existing capabilities and drive growth [4].

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 ...