Brown & Brown, Inc.’s Stock Price Soars to $98.05, Marking a Remarkable 5.25% Uptick

Brown & Brown, Inc. (BRO)

98.05 USD +4.89 (+5.25%) Volume: 2.87M

Brown & Brown, Inc.’s stock price is currently standing at 98.05 USD, witnessing a positive surge of +5.25% in today’s trading session with a volume of 2.87M, and an impressive year-to-date growth of +37.88%, showcasing its strong market performance and investor confidence.

Latest developments on Brown & Brown, Inc.

Brown & Brown has been making significant strides in the market recently, with a series of key events leading up to today’s stock price movements. The company’s acquisition of GRP has expanded its reach into Europe, resulting in a substantial increase in revenue. In the second quarter, Brown & Brown reported a net income of $257 million, with revenue and profit seeing a sharp uptick. Organic growth picked up to 10%, driven by successful programs and wholesale initiatives. This positive performance led to a 35% jump in quarterly profit, fueled by higher commissions and fees. As a result, Brown & Brown‘s stock price saw a significant increase, making it a top mover on the S&P 500 today.

A look at Brown & Brown, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, Brown & Brown has a positive long-term outlook. With high scores in Growth and Momentum, the company is positioned well for future expansion and market performance. Its Resilience score also indicates a strong ability to withstand economic challenges. While its Value and Dividend scores are average, the overall outlook for Brown & Brown remains optimistic.

Brown & Brown, Inc. is a company that offers various insurance and reinsurance products and services, as well as risk management and employee benefit administration. With a presence across the United States, the company is well-established in the industry. The Smartkarma Smart Scores for Brown & Brown highlight its potential for growth and market momentum, showcasing a promising future for the company.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma