Brown & Brown, Inc. ($BRO) Stock Forecast: Up 5.3% Today

What is Brown & Brown, Inc.?

Brown & Brown, Inc. (BRO) is a company that provides a range of insurance and reinsurance products and services. The company operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services.

Why is Brown & Brown, Inc. going up?

BRO stock is up 5.3% on Jul 23, 2024 19:45

• BRO stock experienced a strong bullish movement today.
• The company reported a significant increase in revenue and profit for the second quarter of 2024, with revenue up by 12.5% to $1.178 billion and achieving 10% organic growth.
• BRO's second-quarter adjusted earnings of 93 cents per share beat estimates by 6.8% and increased by 17.7% year over year.
• The positive earnings and revenue results, driven by improved organic revenues and expanded margins, likely contributed to the bullish movement in BRO stock today. Investors are responding positively to the company's strong financial performance and growth prospects.

BRO Price Chart

BRO Technical Analysis

BRO News

Brown & Brown, Inc. (BRO) Q2 2024 Earnings Call Transcript

No summary available.

https://seekingalpha.com/article/4705884-brown-and-brown-inc-bro-q2-2024-earnings-call-transcript?source=feed_all_articles

Brown & Brown revenue, profit up sharply

Brown & Brown Inc. Tuesday reported its second-quarter revenue increased 12.5% to $1.178 billion as it achieved 10% organic growth for the period.

https://www.businessinsurance.com/article/20240723/NEWS06/912365760/Brown-&-Brown-revenue,-profit-up-sharply,-J-Powell-Brown

Brown & Brown (BRO) Q2 Earnings Beat Estimates, Improve Y/Y

Brown & Brown, Inc.s BRO second-quarter 2024 adjusted earnings of 93 cents per share beat the Zacks Consensus Estimate by 6.8%. The bottom line increased 17.7% year over year.The quarterly results reflected improved organic r

https://bankb.it/brown-brown-bro-q2-earnings-beat-estimates-improve-y-y-16627.html

Brown & Brown ( BRO ) Q2 Earnings Beat Estimates, Improve Y/Y

Brown & Brown (BRO) Q2 results reflect improved organic revenues, expanded EBITDAC margin and higher net investment income, offset by higher expenses.

https://www.zacks.com/stock/news/2307026/brown-brown-bro-q2-earnings-beat-estimates-improve-yy

Brown & Brown (BRO) Surpasses Q2 Earnings and Revenue Estimates

Brown & Brown (BRO) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recu

https://bankb.it/brown-brown-bro-surpasses-q2-earnings-and-revenue-estimates-16421.html

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Brown & Brown, Inc. Price History

23.04.2023 - BRO Stock was down 2.8%

• BRO had a strong bearish movement today.
• The acquisition of Kentro Capital by BRO was announced today.
• Despite the acquisition news, the market did not react positively to BRO's stock, possibly due to profit-taking after recent gains.
• The "golden cross" formation on BRO's chart, indicating a bullish sign, may suggest that the bearish movement is temporary.

17.06.2023 - BRO Stock was up 1.6%

• The acquisition by Arthur J. Gallagher (AJG) to enhance growth opportunities in Southern California could have positively impacted BRO's stock, as it indicates potential expansion and increased market share.
• The expansion of Marsh & McLennan Companies (MMC) in the healthcare industry through the acquisition of Trideo Systems might have created a positive sentiment in the insurance sector, benefiting BRO's stock.
• The conclusion of the title insurance operations buyout by Essent Group (ESNT) could have contributed to a positive market sentiment for insurance companies, including BRO, as it solidifies Essent Group's position in the real estate market.

23.06.2024 - BRO Stock was up 6.6%

• Revenue surged by 12.5% to $1.178 billion, and quarterly profit saw a remarkable 35% increase in the second quarter.
• Q2 earnings surpassed expectations, rising by 17.7% year over year, propelled by enhanced organic revenues and widened margins.
• Increased commissions and fees played a role in the company's robust showing, balancing out elevated expenses.
• The strong financial outcomes and advancements in crucial metrics probably instilled investor faith and propelled the bullish trend in BRO stock.

23.06.2024 - BRO Stock was up 5.6%

• Brown & Brown (BRO) exceeded expectations for both earnings and revenue in the second quarter, demonstrating solid financial results.
• The company's quarterly profits surged by 35%, mainly attributed to higher commissions and fees, indicative of substantial business growth.
• With earnings beating estimates by 6.90% and revenue by 3.36%, BRO stock witnessed a bullish trend.
• Investors responded positively to the company's robust financial performance, leading to a rise in the stock price and boosting confidence in BRO's prospects.

23.06.2024 - BRO Stock was up 5.3%

• BRO stock experienced a strong bullish movement today.
• The company reported a significant increase in revenue and profit for the second quarter of 2024, with revenue up by 12.5% to $1.178 billion and achieving 10% organic growth.
• BRO's second-quarter adjusted earnings of 93 cents per share beat estimates by 6.8% and increased by 17.7% year over year.
• The positive earnings and revenue results, driven by improved organic revenues and expanded margins, likely contributed to the bullish movement in BRO stock today. Investors are responding positively to the company's strong financial performance and growth prospects.