DAYTONA BEACH, Fla., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the "Company") has announced the appointment of Mike Neal and Mark Abate to the Company's senior leadership team and the Retail segment senior leadership team. "We are excited to welcome Mike and Mark to Brown & Brown's senior leadership team," said Powell Brown, president and chief executive officer. "They bring extensive experience in their respective specializations, and their contributions will support our ongoing m ...

Shares of Brown & Brown, Inc. (BRO) have rallied 43.7% year to date (YTD), outperforming the industry's 33% growth. The insurer also outperformed the Zacks S&P 500 composite and the Finance sector's return of 16.3% and 12%, respectively, in the same time frame. With a market capitalization of $29.14 billion, the average volume of shares traded in the last three months was 1.14 million. Currently priced at $102.17, the stock is a little below its 52-week high of $106.02. BRO Outperforms Industry, Sector & S& ...

DAYTONA BEACH, Fla., Sept. 12, 2024 (GLOBE NEWSWIRE) -- J. Powell Brown, president and chief executive officer, and Julie Turpin, chief people officer, are proud to announce that Brown & Brown, Inc. ("Brown & Brown") and our team of companies have been selected by Great Place To Work® and Fortune for the prestigious 2024 Fortune Best Workplaces in Financial Services & Insurance™ List for the fifth consecutive year. "Our unique culture puts our team, customers and communities first—and differentiates us from ...

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].