DAYTONA BEACH, Fla., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) today announced that the board of directors has declared a regular quarterly cash dividend of $0.15 per share. The dividend is payable on November 13, 2024, to shareholders of record on November 6, 2024. The dividend represents a 15% increase from the previous regular quarterly cash dividend of $0.13 per share and is Brown & Brown’s 31st consecutive annual dividend increase. About Brown & Brown, Inc. Brown & Brown, Inc. ...

Analysts on Wall Street project that Brown & Brown (BRO) will announce quarterly earnings of $0.87 per share in its forthcoming report, representing an increase of 22.5% year over year. Revenues are projected to reach $1.16 billion, increasing 8.7% from the same quarter last year.Over the last 30 days, there has been an upward revision of 1.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecas ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Brown & Brown (BRO) . This company, which is in the Zacks Insurance - Brokerage industry, shows potential for another earnings beat. This insurance company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarte ...

Company Overview - Brown & Brown (BRO) is positioned for growth due to higher core commissions and fees, new business, solid retention, rate increases, strategic acquisitions, a strong financial position, and effective capital deployment [1] - BRO's earnings have increased by 18.4% over the last five years, outperforming the industry average of 13.2% [1] - The company has a strong earnings surprise history, surpassing estimates in each of the last four quarters with an average earnings surprise of 9.82% [1] Financial Performance - The top line has benefited from improving commissions and fees, driven by increasing new business, strong retention, and continued rate increases, resulting in a five-year annual growth rate of 14% [2] - BRO has an industry-leading adjusted EBITDAC margin, reflecting its focus on organic growth and margin expansion [2] - The company has a strong liquidity position with an improving leverage ratio, ensuring strong cash conversion and continuous cash flow generation for shareholder wealth distribution through dividend increases [4] - BRO has raised dividends for 30 consecutive years, with a five-year CAGR of 8.7% [4] Strategic Growth - Brown & Brown's inorganic growth is notable, with strategic acquisitions helping to capitalize on market opportunities, strengthen its product and service portfolio, and expand its global reach [3] - In Q2 2024, BRO made 10 acquisitions with estimated annual revenues of $13 million, continuing to build relationships with other companies [3] Profitability Metrics - The trailing 12-month return on equity for BRO was 17%, which lags behind the industry average of 32.4%, indicating room for improvement in utilizing shareholders' funds [5] - The return on invested capital in the trailing 12 months was 7.6%, compared unfavorably with the industry average of 9.7%, reflecting inefficiencies in generating income [6] - Despite these challenges, BRO's total shareholder return has outperformed its peer group and the S&P 500 over the last five years, with a 10-year average total shareholder return of 399% [6] Industry Context - Other key players in the insurance industry include Heritage Insurance (HRTG), Palomar Holdings (PLMR), and CNO Financial Group (CNO) [7] - Heritage Insurance has shown strong earnings performance, surpassing estimates in three of the last four quarters with an average surprise of 49.15% [7] - Palomar has also exceeded earnings estimates in the last four quarters, with an average surprise of 17.10%, driven by new business and strong premium retention [9] - CNO Financial has surpassed estimates in three of the last four quarters, with an average surprise of 21.21%, focusing on the underserved middle-income market and improving agent productivity through technology investments [10][11]

Brown & Brown, Inc.'s (BRO) subsidiary has purchased The Canopy Group. The addition of Canopy Group will boost Brown & Brown's personal line business. Le Sueur, MN-based The Canopy Group is a multiline insurance agency focusing primarily on personal lines and commercial property and casualty for small businesses. It serves customer across Minnesota. Adding Canopy to the portfolio will not only expand BRO's personal line business but also expand its small business commercial offerings. Meanwhile, Canopy stan ...

DAYTONA BEACH, Fla., Oct. 03, 2024 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Paul Borchert and Jeff McDonald, principals of The Canopy Group, Inc., today announced that a subsidiary of Brown & Brown, Inc. has acquired the assets of The Canopy Group. The Canopy Group is a multiline insurance agency focusing primarily on personal lines and commercial property and casualty for small businesses. Based in Le Sueur, Minnesota, The Canopy Group serves ove ...

DAYTONA BEACH, Fla., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2024 third-quarter earnings on Monday, October 28, 2024, after the close of the market. On Tuesday, October 29, 2024, J. Powell Brown, Brown & Brown's president and chief executive officer, and R. Andrew Watts, Brown & Brown's executive vice president and chief financial officer, will host an investor update conference call concerning Brown & Brown's third-quarter 2024 financial results. You ...

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 ...