Brown & Brown (NYSE:BRO) Given New $90.00 Price Target at Truist Financial

Brown & Brown (NYSE:BRO) had its price target lowered by Truist Financial from $100.00 to $90.00 in a research report released on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the financial services provider’s stock.

A number of other analysts have also recently weighed in on the company. UBS Group reaffirmed a “neutral” rating and set a $81.00 price objective (down from $90.00) on shares of Brown & Brown in a research report on Thursday, January 29th. Bank of America decreased their price objective on Brown & Brown from $90.00 to $88.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Mizuho decreased their price objective on Brown & Brown from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. BMO Capital Markets decreased their price objective on Brown & Brown from $88.00 to $81.00 and set a “market perform” rating for the company in a research report on Thursday, January 29th. Finally, Keefe, Bruyette & Woods increased their price objective on Brown & Brown from $73.00 to $74.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 7th. Three research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Brown & Brown currently has an average rating of “Hold” and a consensus target price of $83.00.

Brown & Brown Stock Down 2.3%

Brown & Brown stock opened at $61.67 on Wednesday. Brown & Brown has a twelve month low of $61.56 and a twelve month high of $113.83. The stock has a 50 day moving average of $67.78 and a two-hundred day moving average of $75.28. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.80 and a beta of 0.83.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings data on Monday, April 27th. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.03. Brown & Brown had a return on equity of 13.05% and a net margin of 17.94%.The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the firm earned $1.29 EPS. The firm’s revenue for the quarter was up 35.4% on a year-over-year basis. As a group, research analysts expect that Brown & Brown will post 4.54 earnings per share for the current year.

Brown & Brown Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, May 11th. Brown & Brown’s dividend payout ratio (DPR) is currently 20.63%.

Institutional Trading of Brown & Brown

Several hedge funds have recently modified their holdings of BRO. AQR Capital Management LLC lifted its holdings in shares of Brown & Brown by 38.3% in the 1st quarter. AQR Capital Management LLC now owns 33,444 shares of the financial services provider’s stock valued at $4,132,000 after buying an additional 9,264 shares during the period. Focus Partners Wealth lifted its holdings in shares of Brown & Brown by 5.2% in the 1st quarter. Focus Partners Wealth now owns 11,149 shares of the financial services provider’s stock valued at $1,387,000 after buying an additional 547 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Brown & Brown by 1,824.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 53,103 shares of the financial services provider’s stock valued at $5,888,000 after buying an additional 50,344 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Brown & Brown by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the financial services provider’s stock valued at $116,000 after buying an additional 223 shares during the period. Finally, Cary Street Partners Financial LLC lifted its holdings in shares of Brown & Brown by 60.9% in the 2nd quarter. Cary Street Partners Financial LLC now owns 933 shares of the financial services provider’s stock valued at $103,000 after buying an additional 353 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Brown & Brown News Roundup

Here are the key news stories impacting Brown & Brown this week:

• Positive Sentiment: Q1 EPS beat estimates (reported $1.39 vs. $1.36 est.), helped by higher commissions, investment income and EBITDAC — a near?term bullish datapoint supporting profitability. Article Title
• Positive Sentiment: Board declared a quarterly cash dividend of $0.165/share (record May 11, payable May 20) — modest income support for yield?oriented holders.
• Neutral Sentiment: Revenue headline shows a 35% year?over?year increase (driven by M&A), but organic growth was effectively flat — mixed signal for sustainable top?line momentum. Article Title
• Neutral Sentiment: Detailed Q1 earnings call transcript and presentation are available for investors who want to dig into guidance, M&A cadence and segment trends. Earnings Call Transcript Presentation
• Negative Sentiment: Royal Bank of Canada cut its price target from $76 to $72 and set a “sector perform” rating (still implies upside from current levels, but a downgrade in target pressure). Article Title
• Negative Sentiment: Wells Fargo lowered its PT from $72 to $69 and moved to “equal weight” — another Wall Street trim that can weigh on sentiment. Article Title
• Negative Sentiment: Keefe, Bruyette & Woods cut its PT to $72 with a “market perform” view — further confirmation of analyst caution on near?term upside. Article Title
• Negative Sentiment: Truist lowered its PT from $100 to $90 but kept a “buy” rating — a sizable PT cut that signals reduced conviction on valuation multiple expansion. Article Title
• Negative Sentiment: Independent analysis (Seeking Alpha) argues BRO is overvalued given slowing organic growth and sector headwinds, lowering a fair?value target to $58 — a bearish view that can amplify selling pressure. Article Title

About Brown & Brown

Brown & Brown, Inc (NYSE: BRO) is a professional insurance brokerage and risk advisory firm that provides a broad range of property and casualty, employee benefits, personal risk, and specialty insurance products. The company works with commercial, public sector and individual clients to design and place insurance programs, manage claims and loss control, and deliver risk management consulting. Its services also include wholesale brokerage, program administration and other specialty distribution solutions that connect carriers and intermediaries to niche markets.

Brown & Brown operates through a decentralized model of operating units and subsidiaries, enabling local client service with the scale to access national and specialty markets.