Added to YB: 2024-01-29
Pitch date: 2024-01-27
BRO [bullish]
Brown & Brown, Inc.
-13.02%
current return
Author Info
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Company Info
Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.
Market Cap
$25.0B
Pitch Price
$75.82
Price Target
105.00 (+59%)
Dividend
0.90%
EV/EBITDA
15.51
P/E
23.26
EV/Sales
5.53
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)