William Blair Reduces Earnings Estimates for Brown & Brown

Brown & Brown, Inc. (NYSE:BRO) – Equities research analysts at William Blair reduced their FY2025 EPS estimates for shares of Brown & Brown in a research note issued to investors on Tuesday, April 29th. William Blair analyst A. Klauber now expects that the financial services provider will post earnings of $4.17 per share for the year, down from their previous estimate of $4.22. The consensus estimate for Brown & Brown’s current full-year earnings is $4.18 per share. William Blair also issued estimates for Brown & Brown’s Q4 2025 earnings at $0.88 EPS and FY2026 earnings at $4.59 EPS.

Brown & Brown (NYSE:BRO) last released its earnings results on Monday, April 28th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.41 billion. Brown & Brown had a return on equity of 17.81% and a net margin of 20.68%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business earned $1.14 earnings per share.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company lifted their price target on shares of Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Truist Financial decreased their target price on shares of Brown & Brown from $138.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods increased their price target on shares of Brown & Brown from $97.00 to $102.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 9th. UBS Group lifted their price objective on Brown & Brown from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, April 9th. Finally, Edward Jones started coverage on Brown & Brown in a report on Wednesday, April 16th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Brown & Brown presently has a consensus rating of “Hold” and an average price target of $116.83.

Brown & Brown Stock Performance

BRO opened at $110.60 on Friday. The stock’s 50 day simple moving average is $117.83 and its 200-day simple moving average is $110.66. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56. The stock has a market cap of $31.70 billion, a PE ratio of 31.97, a P/E/G ratio of 2.93 and a beta of 0.75. Brown & Brown has a 1 year low of $81.79 and a 1 year high of $125.68.

Institutional Trading of Brown & Brown

A number of hedge funds and other institutional investors have recently made changes to their positions in BRO. Norges Bank bought a new stake in Brown & Brown during the 4th quarter worth about $313,412,000. First Trust Advisors LP lifted its position in shares of Brown & Brown by 626.6% during the fourth quarter. First Trust Advisors LP now owns 2,350,039 shares of the financial services provider’s stock worth $239,751,000 after purchasing an additional 2,026,589 shares in the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Brown & Brown during the fourth quarter valued at approximately $198,031,000. Vanguard Group Inc. increased its holdings in shares of Brown & Brown by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 29,940,139 shares of the financial services provider’s stock valued at $3,054,493,000 after purchasing an additional 1,335,964 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Brown & Brown by 13,974.9% in the 1st quarter. GAMMA Investing LLC now owns 1,112,758 shares of the financial services provider’s stock worth $138,427,000 after purchasing an additional 1,104,852 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Brown & Brown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, May 12th. Brown & Brown’s dividend payout ratio is currently 16.71%.

About Brown & Brown

Brown & Brown, Inc is an insurance agency, wholesale brokerage, insurance program and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail, National Programs, Wholesale Brokerage, and Services.