DAYTONA BEACH, Fla., March 06, 2024 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Hunter Hill, the founder of Hillco Insurance ("Hillco"), today announced that Brown & Brown has acquired the assets of Hillco. Hillco was established by Hunter Hill in the Dallas metropolitan area to serve the personal and commercial insurance needs of the expansive Dallas business community. The Hillco team is focused on providing insurance solutions for their wide range ...

Over recent times, developments have emerged that have yet to be fully assimilated by the stock market. These developments have led to shifts in the valuation statuses of various stocks, transitioning some from oversold to overbought conditions and vice versa. This transition heralds the likelihood of an impending price correction.When an asset becomes overvalued, it typically suggests a bearish outlook, signaling an impending decline in the stock price. This anticipated decrease is expected as investors be ...

It has been about a month since the last earnings report for Brown & Brown (BRO) . Shares have added about 4.8% 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 drivers. Brown & Brown's Q4 Earnings & Revenues Top E ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 BROWN & BROWN, INC. (Exact name of registrant as specified in its charter) Registrant's telephone number, including area code: (386) 252-9601 Registrant's Website: www.bbinsurance.com Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Brown & Brown (BRO) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Brown & Brown is one of 857 companies in the Finance group. The Finance group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the averag ...

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 I ...

Mohamad Faizal Bin Ramli Brown & Brown (NYSE:BRO) is the sixth-largest independent insurance brokerage in the U.S., with more than 90% of revenue generated in the states. They released robust quarterly results on January 22. I am initiating a 'Strong Buy' recommendation with a fair value of $105 per share. Rate Increase in Insurance During the Q4 FY23 earnings call, they indicated that rates in the admitted market were up 5-10% for most insurance lines, and they anticipate this rate increase to remain r ...

Brown & Brown, Inc.’s (BRO) fourth-quarter 2023 adjusted earnings of 58 cents per share beat the Zacks Consensus Estimate by 9.4%. The bottom line increased 16% year over year.The quarterly results reflected strong organic growth, improved EBITDAC margin and higher net investment income, as well as lower expenses.Shares gained 1.6% in the after-market trading session, reflecting the outperformance.Brown & Brown, Inc. Price, Consensus and EPS Surprise Q4 DetailsTotal revenues of $1.03 billion beat the Zacks ...

Brown & Brown, Inc. (NYSE:BRO) Q4 2023 Earnings Conference Call January 23, 2024 8:00 AM ET Company Participants Powell Brown - President and Chief Executive Officer Andrew Watts - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Jack Kindregan - BMO Capital Markets Elyse Greenspan - Wells Fargo Gregory Peters - Raymond James Mark Hughes - Truist Securities Robert Cox - Goldman Sachs Meyer Shields - KBW Michael Ward - Citi Scott Heleniak - RBC Capital Markets Bria ...

For the quarter ended December 2023, Brown & Brown (BRO) reported revenue of $1.03 billion, up 13.9% over the same period last year. EPS came in at $0.58, compared to $0.50 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $981.17 million, representing a surprise of +4.59%. The company delivered an EPS surprise of +9.43%, with the consensus EPS estimate being $0.53.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...