Added to YB: 2024-01-29
Pitch date: 2024-01-27
BRO [bullish]
Brown & Brown, Inc.
-7.4%
current return
Author Info
No bio for this author
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
Company Info
Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.
Market Cap
$20.3B
Pitch Price
$75.60
Price Target
105.00 (+50%)
Dividend
1.10%
EV/EBITDA
10.70
P/E
19.20
EV/Sales
4.39
Sector
Insurance
Category
growth
Show full summary:
Brown & Brown: Premium Rate Increases Boosting Revenue Growth; Initiate With 'Strong Buy'
$BRO: Strong Buy w/ $105 FV. Riding insurance rate hikes (+5-10%) & acquisitions (Orchid, GRP). Q4 FY23: 7.7% org rev growth, 16% adj EPS growth. 2.2x net debt leverage. Risks: service biz & state markets. 7% org rev growth projected, 20x forward FCF.
Read full article (4 min)