Brown & Brown Inc BRO
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
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News
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Bridge Specialty Group announces appointment of Tim Coles as chief executive officer for European brokerage operations
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Brown & Brown, Inc. announces sale of certain third-party administer businesses and enters into long-term strategic relationship with Davies Group Ltd.
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Brown & Brown, Inc. Certified™ by Great Place To Work® for the fifth consecutive year; included on the 2023 Fortune Best Workplaces for Women™ list
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Brown & Brown, Inc. announces third quarter 2023 results, including total revenues of $1,067.7 million, an increase of 15.1%; Organic Revenue growth of 9.6%; diluted net income per share of $0.62; and Diluted Net Income Per Share - Adjusted of $0.71
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Brown & Brown, Inc. announces 13% increase in quarterly cash dividend rate
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Brown & Brown, Inc. announces the asset acquisition of The Pacific Underwriters Corporation
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Brown & Brown, Inc. completes the acquisition of Kentro Capital Limited
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Brown & Brown, Inc. announces 2023 third-quarter earnings release and conference call dates
Trading Information
- Previous Close Price
- $74.97
- Day Range
- $73.39–75.11
- 52-Week Range
- $52.82–75.14
- Bid/Ask
- $73.00 / $74.65
- Market Cap
- $20.90 Bil
- Volume/Avg
- 850,734 / 1.3 Mil
Key Statistics
- Price/Earnings (Normalized)
- 26.89
- Price/Sales
- 4.99
- Dividend Yield
- 0.65%
- Dividend Yield (Forward)
- 0.71%
- Total Yield
- 0.84%
Company Profile
Brown & Brown Inc is an insurance agent and broker that offers insurance products and services, primarily in the areas of property, casualty, and employee benefits, by connecting customers with insurance companies. It earns its revenue via commissions from insurance companies and direct fees from customers, and it generally has no underwriting risk exposure. More than half of its revenue is from its retail segment, which provides a broad range of insurance products and services to entities and individuals. Roughly a fourth of revenue is from its national programs segment, which provides, among other things, professional liability coverage for professionals. The company operates primarily in the United States, with its highest exposure in Florida.
- Sector
- Financial Services
- Industry
- Insurance Brokers
- Stock Style Box
- Mid Growth
- Total Number of Employees
- 15,201
- Website
- https://www.bbinsurance.com
Competitors
Valuation
|
Metric
|
BRO
|
WTW
|
MMC
|
|---|---|---|---|
Price/Earnings (Normalized) | 26.89 | 17.95 | 25.39 |
Price/Book Value | 4.02 | 2.65 | 8.53 |
Price/Sales | 4.99 | 2.78 | 4.44 |
Price/Cash Flow | 20.08 | 14.68 | 20.42 |
Price/Earnings
BRO
WTW
MMC
Financial Strength
|
Metric
|
BRO
|
WTW
|
MMC
|
|---|---|---|---|
Quick Ratio | 0.56 | 0.32 | 0.46 |
Current Ratio | 1.06 | 1.05 | 1.08 |
Interest Coverage | 6.04 | 6.65 | 9.20 |
Quick Ratio
BRO
WTW
MMC
Profitability
|
Metric
|
BRO
|
WTW
|
MMC
|
|---|---|---|---|
Return on Assets (Normalized) | 5.80% | 4.80% | 9.99% |
Return on Equity (Normalized) | 16.66% | 14.75% | 35.69% |
Return on Invested Capital (Normalized) | 10.66% | 10.47% | 16.75% |
Return on Assets
BRO
WTW
MMC
Insurance Brokers Industry Comparables
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Ticker
|
Name
|
Morningstar Rating for Stocks
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|
MMC
| Marsh & McLennan Companies Inc | Xqbwpg | $97.3 Bil | |
AON
| Aon PLC Class A | Xnvttb | $64.7 Bil | |
AJG
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WTW
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ERIE
| Erie Indemnity Co Class A | Ltxsc | $15.0 Bil | |
BRP
| BRP Group Inc Class A | Fnjc | $1.1 Bil | |
QDMI
| QDM International Inc | Mhqntl | $758.1 Mil | |
CRD.A
| Crawford & Co Class A | Drjzz | $517.4 Mil | |
EHTH
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