Brown & Brown Inc. (BRO) has seen a 4.9% increase since its last earnings report. It has announced senior leadership appointments and successful key metric results. Some shareholders show concern over BRO's P/E ratio. BRO recently acquired assets from CHAPP, Inc., Citrus Insurance Services, Inc., The Canopy Group, and DealerMax, evidencing their active business development and growth strategy. It has surpassed Q3 and Q2 earnings and revenue estimates, and recently declared a 15% increase in its quarterly cash dividend rate.
Its 2024 third quarter results show revenue growth of 11.0% and organic revenue growth of 9.5%. An increasing interest by institutional investors, who own 73% of the company, signaling strong trust in BRO's financial prospects. Other notable advancements include BRO's inclusion in the 2024 Fortune Best Workplaces in Financial Services & Insurance list for the fifth consecutive year, strong insurance premium growth, and successful retail acquisitions.
The insurer has showcased a robust and aggressive acquisition strategy, which may be linked to its strong financial performance. Brown & Brown's position in an industry with consistent cash flow and high barriers to entry has earned it the status of being a 'safest dividend aristocrat' in 2024.
Brown Brown BRO News Analytics from Fri, 30 Nov 2018 20:20:08 GMT to Sun, 03 Nov 2024 16:19:46 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor 3
