Wells Fargo analyst Elyse Greenspan maintains $Brown & Brown (BRO.US)$ with a buy rating, and adjusts the target price from $112 to $114.
According to TipRanks data, the analyst has a success rate of 64.5% and a total average return of 8.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Brown & Brown (BRO.US)$'s main analysts recently are as follows:
Insurance brokers maintain a generally optimistic stance concerning organic growth prospects for 2024. It is broadly anticipated that large-cap broker organic growth will continue to surpass the average in Q3. Nonetheless, there is an expectation for a gradual deceleration of the group's underlying growth towards long-term averages as we approach 2025-26. Changes in targets throughout the quarter, as well as a general expansion in market P/E multiples, have been observed.
Q3 results, especially those of reinsurers, might be eclipsed by the recent Hurricane Milton, with a more favorable view held on the Personal segment due to improvements in margins and policies-in-force. For Q3, catastrophe losses are anticipated to be lower than the five-year seasonal average, yet significantly higher than those in the third quarter of the prior year, possibly affecting primary insurers negatively.
Note:
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富国集团分析师Elyse Greenspan维持$Brown & Brown (BRO.US)$买入评级，并将目标价从112美元上调至114美元。
根据TipRanks数据显示，该分析师近一年总胜率为64.5%，总平均回报率为8.6%。
此外，综合报道，$Brown & Brown (BRO.US)$近期主要分析师观点如下：
保险经纪人对2024年的有机增长前景保持普遍乐观的立场。人们普遍预计，大盘股经纪商的有机增长将在第三季度继续超过平均水平。尽管如此，随着我们临近2025-26年，预计该集团的基本增长将逐渐减速至长期平均水平。已经观察到整个季度的目标发生了变化，市场市盈率普遍扩大。
第三季度的业绩，尤其是再保险公司的业绩，可能会被最近的米尔顿飓风所掩盖，由于利润率和现行政策的改善，个人板块的看法更为乐观。第三季度的灾难损失预计将低于五年的季节性平均水平，但明显高于去年第三季度的灾难损失，这可能会对主要保险公司产生负面影响。
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