Brown and brown. with ticker code (BRO) now has 10 market analysts covering the stock. The analyst consensus now points to a Buy rating. The High/Low target price ranges between 70 and 59, suggesting an average price target for Analsyt of $65.10. Given that the stock’s previous close was $55.11, that would mean it now has a potential upside of 18.1%. It is also worth noting that the 50-day moving average is now $57.83, while the 200-day moving average is $59.56. The company has a market cap of $15.667 million. Company website: https://www.bbinsurance.com
The potential market cap would be $18,508 million based on market consensus.
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Brown and brown. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage and Services. The Retail segment provides property and casualty insurance products, employee benefits, personal insurance products, specialty insurance products, risk management strategies, loss control research and analysis, consulting and claims processing services. It serves commercial, public and quasi-public entities, professional and individual clients. The National Programs segment offers professional liability and related bundled insurance products for dental, legal, eye care, insurance, financial, physician, real estate law professionals, as well as additional insurance products related to weddings, events, medical facilities and cyber liability . This segment also provides related public entities and specialized programs through a network of independent agents; and program management services for insurance partners. The wholesale brokerage segment trades and sells surplus and excess commercial and personal insurance through independent agents and brokers. The Services segment offers third-party claims administration and medical utilization management services in the areas of workers’ compensation and all lines of liability, Medicare Set-aside, Social Security Disability, Medicare benefits advocacy and claims adjustment services. Brown and brown. was founded in 1939 and is headquartered in Daytona Beach, Florida.
The company has a dividend yield of 0.86% with an ex-dividend date set at 2-2-2023 (DMY).
Other figures to note are a P/E ratio of 22.7, earnings per share of 12.85 and a 5.09% return on assets.