How to Buy Brown & Brown Stock
Brown & Brown Inc
Brown & Brown is a insurance company located in Florida, United States, which is part of the Financial Services sector, and is traded under the ticker BRO on the NYSE exchange.
Brown & Brown stock last closed at $81.46, down 1% from the previous day, and has increased 29.67% in one year. It has overperformed other stocks in the Insurance Brokers industry by 0.14 percentage points. Brown & Brown stock is currently +32% from its 52-week low of $61.71, and -7.42% from its 52-week high of $87.99.
As of Apr 26, 2024, there are 285.25M shares of BRO outstanding. The market capitalization of BRO is $23.24B. In the last 24 hours, 1.71M BRO shares were traded.
How to Buy Brown & Brown Stock
Wondering how to invest in Brown & Brown stock? Here's how.
- Choose where to buy Brown & Brown stock: You need to choose an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Brown & Brown stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your method of payment and add your details.
- Analyze Brown & Brown stock: The Brown & Brown ticker symbol is BRO. Is Brown & Brown stock a good investment? Should you buy shares of BRO? How do BRO's underlying business fundamentals look? Do top analysts think Brown & Brown is a good buy? Why has BRO's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if BRO is a good stock to buy).
- Make your BRO purchase: Decide if you will purchase BRO shares at the current market price or use a limit order to buy BRO shares at a particular price.
- Monitor your BRO investment: Create a watchlist to key updates about your new investment in Brown & Brown stock.
Step 1: Choose where to buy Brown & Brown stock
You need a brokerage account to access the NYSE market and buy BRO stock.
Our preferred brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your purchase of shares by creating an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal details so you can buy BRO today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open a new trading account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've opened your account on the best stock app, your next step is to transfer the money for your investment:
Watch the tutorial below for more details transferring money into your new investment account.
Step 4: Analyze Brown & Brown stock
Once you have decided on the best place to buy Brown & Brown stock, it's critical to analyze their stock prior to buying, so you truly wrap your head around the risk and opportunity.
Brown & Brown stock at a glance
BRO Fundamentals
WallStreetZen was built to help part-time investors do more accurate fundamental analysis.
You can view all of the due diligence checks on BRO's stock page.
What is the fair value of BRO stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge BRO's intrinsic value.
Using relative valuations ratios:
- BRO may be undervalued based on its P/E ratio of 24.91x, relative to Insurance Brokers industry P/E ratio of 29.69x
- BRO could be undervalued based on its P/B ratio of 4.02x, relative to Insurance Brokers industry P/B ratio of 6.69x
You can access more valuation research on BRO's stock here.
A quick look at BRO Financials
Passed Financial Due Diligence Checks:
- BRO's operating cash flow of $962.70M allows it to safely service it's debt of $4.06B.
- There are more short-term assets than long-term liabilities on the BRO balance sheet.
- BRO profit margin has gone up from 18.2% to 21.1% in the past year.
- There are more short-term assets than short-term liabilities on the BRO balance sheet.
- BRO earnings of $1.41B is not sufficient to cover its interest payments.
Failed Financial Due Diligence Checks:
- Total BRO debt is higher than 5 years ago, relative to shareholder equity.
- BRO has a relatively high debt to equity ratio of 1.56.
Do analysts think it's a good time to buy Brown & Brown stock
Out of 9 Equities analysts who monitor BRO, the consensus analyst rating on Brown & Brown is a Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Latest BRO Analyst Forecasts
Scott Heleniak, a top 23% analyst from RBC Capital maintains BRO with a buy rating and raises their BRO price target from $87.00 to $95.00, on Mar 20, 2024.
Grace Carter, a top 42% analyst from Bank of America downgrades BRO to a sell rating and raises their BRO price target from $80.00 to $86.00, on Mar 13, 2024.
Weston Bloomer, a bottom 46% analyst from UBS maintains BRO with a hold rating and raises their BRO price target from $75.00 to $81.00, on Jan 29, 2024.
Yaron Kinar, a top 11% analyst from Jefferies downgrades BRO to a hold rating and lowers their BRO price target from $85.00 to $78.00, on Jan 9, 2024.
You can dig deeper into what analysts are saying on the Brown & Brown stock forecast page.
BRO Technicals
BRO Performance Numbers
Last year, BRO earnings were $928.00M. Over the past 5 year, BRO's earnings have grown by 19.89% per year. This was faster than the Insurance Brokers industry average of 15.47%.
Last year, BRO revenue was $4.40B. Over the past 5 year, BRO's revenue has grown by 15.59% per year. This was faster than the Insurance Brokers industry average of 8.36%.
Find out more about BRO's earnings and revenue performance here.
Latest Insiders Trades at BRO
In the past year, executives and large shareholders at BRO have sold more shares than they have bought.
Hyatt J. Brown, Chairman of BRO, was the latest BRO insider to sell. They sold $3,552,964.25 worth of BRO shares on Mar 13, 2024.
Get more info about who owns BRO stock here.
Can I get consistent income from BRO stock?
Brown & Brown pays a dividend of 0.6%, compared to the Insurance Brokers industry's average dividend yield of 0.87%. If you owned $1,000 worth of BRO stock, you would have received $6.02 in the past 12 months.
Brown & Brown dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Brown & Brown dividend yield and history here.
BRO Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your BRO purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price limit, use a limit order.
Hit the Open Trade button and your broker will execute your order.
If you require more info about investing in stocks on eToro, watch the how to video below:
Step 6: Monitor your BRO investment
Now that you own some BRO stock, you'll want to stay up-to-date on your new shares.
Create a watchlist to get notified of important updates regarding your BRO stock.
BRO Feed
How to Buy Stock in Brown & Brown
To reiterate, here are the 6 steps to buy stock in Brown & Brown:
- Choose where to buy Brown & Brown stock
- Open a brokerage account
- Fund your investment account
- Analyze Brown & Brown stock
- Make your BRO purchase
- Monitor your BRO investment
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your new investment in Brown & Brown, hit the button below to create your watchlist.
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