BofA Securities analyst Grace Carter maintains $Brown & Brown (BRO.US)$ with a hold rating, and sets the target price at $117.
According to TipRanks data, the analyst has a success rate of 78.9% and a total average return of 11.0% 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 are maintaining a positive outlook on organic growth projections for 2024. The expectation is for large-cap broker organic growth to stay robust in the third quarter. Nonetheless, there's an anticipation of a gradual deceleration in the underlying growth towards long-term norms throughout 2025 to 2026. Changes in targets across the sector are reflective of events that unfolded during the quarter and a generalized increase in market P/E multiples.
The third-quarter results, especially for reinsurers, might be impacted by the recent Hurricane Milton. There is a positive outlook on the Personal lines due to improving margins and growth in policies-in-force. For the third quarter, catastrophe losses are anticipated to be lower than the five-year seasonal average but still significantly higher than the same quarter of the previous year, which may pose a challenge for primary insurers.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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美银证券分析师Grace Carter维持$Brown & Brown (BRO.US)$持有评级，目标价117美元。
根据TipRanks数据显示，该分析师近一年总胜率为78.9%，总平均回报率为11.0%。
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年的有机增长预测保持乐观的前景。预计大型经纪商的有机增长将在第三季度保持强劲。尽管如此，预计在2025年至2026年，基本增长将逐渐减速，朝着长期标准迈进。该行业目标的变化反映了本季度发生的事件以及市场市盈率的普遍增长。
第三季度业绩，尤其是再保险公司的业绩，可能会受到最近的米尔顿飓风的影响。由于利润率的提高和现行政策的增长，个人保险前景乐观。第三季度的灾难损失预计将低于五年的季节性平均水平，但仍大大高于去年同期的水平，这可能会对初级保险公司构成挑战。
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