에 대한 최신 뉴스 Brown & Brown (NYSE:BRO) 주식

Brown & Brown

Brown & Brown Inc is an insurance agent and broker that offers insurance products and services, primarily in the areas of property, casualty, and employee benefits, by connecting customers with insurance companies. It earns its revenue via commissions from insurance companies and direct fees from customers, and it generally has no underwriting risk exposure. More than half of its revenue is from its retail segment, which provides a broad range of insurance products and services to entities and individuals. Roughly a fourth of revenue is from its national programs segment, which provides, among other things, professional liability coverage for professionals. The company operates primarily in the United States, with its highest exposure in Florida.

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REKR

월요일 아침 (현지 시간 기준) 미국 주식 선물이 상승한 가운데, 오늘 투자자들의 관심을 끌 수 있는 일부 주식은 다음과 같다: 월스트리트는 버라이즌 커뮤니케이션스(NYSE:VZ)가 개장 전 330억 6천만 달러의 매출과 주당 1.15달러의 분기 이익을 발표할 것으로 예상하고 있다. Benzinga Pro의 데이터에 따르면, 버라이즌의 주가는 시간외 거래에서 0.1% 하락한 41.59달러를 기록했다.

월요일 주목해야 할 주식: 버라이즌, SAP, 보잉 그리고 2종목

Equities

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General

버크셔 해서웨이(NYSE:BRK)의 보험 운영 부회장인 아지트 자인(Ajit Jain)은 사이버 보험이 요즘 매우 세련된 공간이 되었다고 말했다. 지난 몇 년 동안 사이버 보험은 전 세계적으로 최소 100억 달러 규모의 시장이 되었다.지난 토요일 네브래스카주 오마하에서 열린 버크셔 해서웨이의 연례 주주총회에서 자인은 사이버 보험의 수익성도 전체 보험료(프리미엄)의 약 20%로 상당히 높다고 말했다.

버크셔 해서웨이의 아지트 자인은 위험 속에서 사이버 보험에 대해 주의 경고

Brown & Brown Inc

BROOKFIELD OFF PTY AAA R by Brookfield Office Properties Inc.

Brookfield Office Properties Inc

Baron Energy Inc

Brooge Energy Ltd

BROOKFIELD PFD A SER 23 by Brookfield Office Properties Inc.

Dutch Bros Inc

BROOKFIELD CORP PFD A 37 by BROOKFIELD CORP.

Brookfield Corp

The Canopy Group is a multiline insurance agency focusing primarily on personal lines and commercial property and casualty for small businesses.
Based in Le Sueur, Minnesota, The Canopy Group serves over 16,000 customers throughout Minnesota. Paul Borchert and Jeff McDonald will continue to lead The Canopy Group operations from their offices in Minnesota.

Brown & Brown Acquired The Assets Of The Canopy Group; No Financial Terms Disclosed

Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) has outperformed the market over the past 5 years by 9.29% on an annualized basis producing an average annual return of 23.27%. Currently, Brown &amp; Brown has a market capitalization of $29.16 billion. 
Buying $1000 In BRO: If an investor had bought $1000 of BRO stock 5 years ago, it would be worth $2,867.56 today based on a price of $102.21 for BRO at the time of writing.
<h3>Brown &amp; Brown's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727199027_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Brown & Brown Stock In The Last 5 Years

Argus Research initiates coverage on Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) with a Buy rating and announces Price Target of $120.

Price Target

Initiation

Analyst Ratings

Argus Research Initiates Coverage On Brown & Brown with Buy Rating, Announces Price Target of $120

Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) has outperformed the market over the past 5 years by 10.72% on an annualized basis producing an average annual return of 23.55%. Currently, Brown &amp; Brown has a market capitalization of $29.42 billion. 
Buying $1000 In BRO: If an investor had bought $1000 of BRO stock 5 years ago, it would be worth $2,866.31 today based on a price of $103.13 for BRO at the time of writing.
<h3>Brown &amp; Brown's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726003816_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Brown & Brown 5 Years Ago Would Be Worth This Much Today

Barclays analyst Alex Scott initiates coverage on Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) with a Equal-Weight rating and announces Price Target of $108.

Barclays Initiates Coverage On Brown & Brown with Equal-Weight Rating, Announces Price Target of $108

Brown &amp; Brown's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) short percent of float has fallen 8.0% since its last report. The company recently reported that it has 2.75 million shares sold short, which is 1.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.4 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Brown &amp; Brown Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725472817_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Brown &amp; Brown has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Brown &amp; Brown's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Brown &amp; Brown's peer group average for short interest as a percentage of float is 3.38%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(BRO) - Analyzing Brown & Brown's Short Interest

Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) has outperformed the market over the past 5 years by 9.44% on an annualized basis producing an average annual return of 23.58%. Currently, Brown &amp; Brown has a market capitalization of $29.36 billion. 
Buying $100 In BRO: If an investor had bought $100 of BRO stock 5 years ago, it would be worth $290.56 today based on a price of $102.92 for BRO at the time of writing.
<h3>Brown &amp; Brown's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724166019_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Shares of&nbsp;Employers Holdings, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eig#NYSE">EIG</a>) have declined 5.8% since it reported second-quarter 2024 results on Jul 31, after the closing bell. The better-than-expected earnings were aided by growth in premiums written, policies in force and higher yields on fixed maturity securities. However, the positives were partially offset by increased overall expenses.
EIG reported second-quarter adjusted earnings per share of $1.10, which surpassed the Zacks Consensus Estimate by 1.9%. However, the bottom line fell 6% year over year.
Total revenues grew 0.8% year over year to $217 million. But the top line missed the consensus mark by 3%.
<div class="chart_embed">
<h3>Employers Holdings Inc Price, Consensus and EPS Surprise</h3>
<img alt="Employers Holdings Inc Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/a7/1723643799.png" style="border-style:solid; border-width:1px; height:310px; width:600px" title="" />
Employers Holdings Inc price-consensus-eps-surprise-chart | Employers Holdings Inc Quote
</div>
<h3>Q2 Key Updates</h3>
Gross premiums written of $207.9 million advanced 5% year over year in the quarter under review on the back of new business growth and higher renewal rates, partly offset by decreased final audit premiums. Net premiums written of $206.1 million increased 5% year over year.
Net premiums earned by Employers Holdings amounted to $187.8 million, which improved 6% year over year but lagged the Zacks Consensus Estimate by 4.6%.
Net investment income climbed 0.4% year over year to $26.9 million in the second quarter due to increased yields on fixed-maturity securities. However, the decline in invested balances of fixed-maturity securities partially offset the growth. As such, the metric missed the consensus mark by only 0.1%.
Total expenses of $177 million inched up 3.3% year over year. Losses and loss adjustment expenses recorded a 20% year-over-year rise due to growth in earned premiums and increased current accident year loss and loss adjustment expense ratio. Commission expenses grew 14% year over year.
EIG reported a pre-tax income of $40 million in the quarter under review, which fell 8.7% year over year.
Policies in force were at a record level of 128,522, which increased 3% year over year.
The combined ratio increased 380 basis points (bps) year over year to 94.2% but came lower than the Zacks Consensus Estimate of 95.5%. Underwriting and general and administrative expense ratio improved 400 bps year over year to 22%.
<h3>Financial Update (as of Jun 30, 2024)</h3>
Employers Holdings exited the second quarter with investments, cash and cash equivalents of $2.47 billion, which fell from the 2023-end level of $2.5 billion.
Total assets of $3.6 billion remained flat from 2023 end.
Total stockholders&#39; equity improved from the 2023-end level of $1.01 billion to $1.02 billion.
Adjusted book value per share was $48.89, which rose from $45.41 a year ago.
<h3>Capital Deployment Update</h3>
Employers Holdings bought back shares worth $19.2 million in the second quarter. It had a leftover capacity of $44.4 million under its repurchase authorization as of Jul 31, 2024.
Management announced a quarterly&nbsp;dividend of 30 cents for the third quarter, which will be paid on Aug 28, 2024, to shareholders as of Aug 14.
<h3>Zacks Rank &amp; Key Picks</h3>
EIG currently carries a Zacks Rank #3 (Hold).
Investors interested in the broader&nbsp;Finance space may look at some better-ranked players like Aflac Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/afl#NYSE">AFL</a>), Brown &amp; Brown, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bro#NYSE">BRO</a>) and&nbsp;Marsh &amp; McLennan Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mmc#NYSE">MMC</a>), each carrying a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Aflac&#39;s current-year earnings is pegged at $6.73 per share, which indicates 8% year-over-year growth. It witnessed seven upward estimate revisions in the past 30 days against no downward movements. AFL beat earnings estimates in three of the past four quarters and missed once, with an average surprise of 8.2%.
The Zacks Consensus Estimate for Brown &amp; Brown&#39;s 2024 earnings indicates 30.6% year-over-year growth. During the past month, BRO has witnessed five upward estimate revisions against none in the opposite direction. It beat earnings estimates in each of the past four quarters, with an average surprise of 9.8%.
The Zacks Consensus Estimate for Marsh &amp; McLennan&#39;s current-year earnings suggests a 9.4% year-over-year jump. During the past month, MMC has witnessed seven upward estimate revisions against none in the opposite direction. The consensus mark for current-year revenues indicates 6.7% growth from a year ago.
<a href="https://www.zacks.com/stock/news/2322186/employers-holdings-eig-drops-5-8-despite-q2-earnings-beat?cid=CS-BENZ-FT-analyst_blog|earnings_article-2322186">To read this article on Zacks.com click here.</a>

Earnings Beats

Large Cap

Dividends

Small Cap

Management

Employers Holdings Drops 5.8% Despite Q2 Earnings Beat

Brown &amp; Brown, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bro#NYSE">BRO</a>) shares have jumped 40% year to date (YTD) compared with the industry&#39;s growth of 20.6%. The Finance sector and the Zacks S&amp;P 500 composite have risen 7.7% and 12.3%, respectively, in the same time frame. With a market capitalization of $28.61 billion, the average volume of shares traded in the last three months was 1.17 million.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/28/74114.jpg?v=1394791376" />
Image Source: Zacks Investment Research
The rally was largely driven by higher core commissions and fees, new business, solid retention, rate increases, strategic acquisitions, a strong financial position and effective capital deployment.
This Zacks Rank #2 (Buy) insurance broker surpassed earnings estimates in each of the last four quarters, the average being 9.82%.
The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 1.6% and 1.8% north, respectively, in the past 30 days, reflecting analysts&#39; optimism on the stock.
<h3>Will the Bull Run Continue?</h3>
The Zacks Consensus Estimate for Brown &amp; Brown&#39;s 2024 earnings per share indicates an increase of 30.6% from the year-ago reported number. The consensus estimate for revenues is pegged at $4.68 billion, implying a year-over-year improvement of 10%.
The consensus estimate for 2025 earnings per share and revenues indicates an increase of 8.2% and 7.5%, respectively, from the corresponding 2024 estimates.
The expected long-term earnings growth is 11%. Earnings have increased 18.4% in the past five years, better than the industry average of 13.8%.
Commissions and fees, the main component of the top line, benefit from increasing new business, strong retention and continued rate increases for most lines of coverage. The top line witnessed a five-year annual growth rate of 14%. The company met its intermediate annual revenue goal of $4 billion, doubling in the last five years.
The insurance broker continually makes investments in boosting organic growth and margin expansion. It boasts an industry-leading adjusted EBITDAC margin.
Brown &amp; Brown&#39;s strategic buyouts help it capitalize on growing market opportunities, strengthen its compelling products and service portfolio, expand global reach and accelerate its growth rate. For the second quarter of 2024, the insurance broker completed 10 acquisitions with estimated annual revenues of $13 million and continued to build relationships with many other companies.
Banking on operational expertise, BRO boasts a strong liquidity position with an improving leverage ratio. The strength of its operating model and diversity of businesses ensures strong cash conversion. The company effectively deploys cash into acquisitions, capital expenditure and wealth distribution for shareholders via dividend increases.
BRO has an impressive dividend history, raising dividends for 30 straight years. Its five-year annualized dividend growth is 10.6%, and its dividend yield is 0.5%.
<h3>Other Stocks to Consider</h3>
Some other top-ranked stocks from the insurance industry are Arthur J. Gallagher &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ajg#NYSE">AJG</a>), Willis Towers Watson Public Limited Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wtw#NASDAQ">WTW</a>) and Ryan Specialty Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ryan#NYSE">RYAN</a>), each carrying a Zacks Rank #2 at present.
Arthur J. Gallagher&#39;s earnings surpassed estimates in each of the last four quarters, the average surprise being 1.93%. Shares of AJG have jumped 25.2% YTD. The Zacks Consensus Estimate for AJG&#39;s 2024 and 2025 earnings implies year-over-year growth of 15.8% and 12%, respectively.
Willis Towers Watson&#39;s earnings surpassed estimates in each of the last four quarters, the average surprise being 7.06%. Shares of WTW have jumped 14.3% YTD. The Zacks Consensus Estimate for WTW&#39;s 2024 and 2025 earnings implies year-over-year growth of 14.6% and 11.9%, respectively.
Ryan Specialty&#39;s earnings surpassed estimates in one of the last four quarters and matched in the other three, the average surprise being 0.4%. Shares of RYAN have jumped 52.1% YTD. The Zacks Consensus Estimate for RYAN&#39;s 2024 and 2025 earnings implies year-over-year growth of 31.1% and 21.9%, respectively.
<a href="https://www.zacks.com/stock/news/2321356/brown-brown-bro-gains-40-ytd-will-the-rally-last?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2321356">To read this article on Zacks.com click here.</a>

Mid Cap

RYAN

Brown & Brown Gains 40% YTD: Will the Rally Last?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/64a548c0943f950001b31bb8/patrick-moley">Piper Sandler analyst Patrick Moley </a>upgraded Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) from Neutral to Overweight and raised the price target from $20 to $23. Robinhood shares gained 1.1% to close at $17.92 on Friday. <a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies analyst Samad Samana upgraded the rating for PAR Technology Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAR#NYSE">PAR</a>) from Hold to Buy, while increasing the price target from $45 to $60. PAR Technology shares gained 2.9% to close at $50.79 on Friday. <a href="https://www.benzinga.com/quote/PAR/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/639748cd392e5e0001d6e958/james-shin">Deutsche Bank analyst James Shin</a> upgraded Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) from Hold to Buy and boosted the price target from $725 to $1,025. Eli Lilly shares gained 5.5% to close at $891.68 on Friday. <a href="https://www.benzinga.com/quote/LLLY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HSBC analyst Mohammed Khallouf upgraded the rating for Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) from Hold to Buy and announced a price target of $179. Take-Two shares gained 4.4% to close at $144.82 on Friday. <a href="https://www.benzinga.com/quote/TTWO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo analyst <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/639748cd392e5e0001d6e958/james-shin">Elyse Greenspan</a> upgraded Brown &amp; Brown, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) from Equal-Weight to Overweight, while raising the price target from $94 to $112. Brown &amp; Brown shares rose 0.01% to close at $100.32 on Friday. See how other analysts view this stock. <a href="https://www.benzinga.com/quote/BRO/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying Robinhood stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="571" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12091046/image-78-1024x571.png" alt="" class="wp-image-489789" style="width:459px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12091046/image-78-1024x571.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12091046/image-78-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12091046/image-78-768x429.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12091046/image-78.png 1258w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

Upgrades

HOOD

TTWO

This Robinhood Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

The Nasdaq 100 closed higher by around 100 points during Friday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions </a>platform.
<h3 class="wp-block-heading">Crocs</h3>
<ul>
<li>The Trade: Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) Director Douglas J Treff <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 10,594 shares</a> at an average price of $132.38. The insider received around $1.4 million from selling those shares.</li>
<li>What's Happening: On Aug. 1, Crocs reported stronger-than-expected second-quarter earnings and sales.</li>
<li>What Crocs Does: Crocs Inc is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear accessories for men, women, and children. The reportable geographic segments of the company include the Americas, Asia Pacific, and EMEA.</li>
</ul>
<h3 class="wp-block-heading">Netflix</h3>
<ul>
<li>The Trade: Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) CFO Spencer Adam Neumann <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 433 shares </a>at an average price of $626.19. The insider received around $271,140 from selling those shares.</li>
<li>What's Happening: Netflix is in damage control mode after suffering a significant security breach that led to the leak of full episodes from several highly anticipated shows.</li>
<li>What Netflix Does: Netflix&#8217;s relatively simple business model involves only one business, its streaming service.</li>
</ul>
<h3 class="wp-block-heading">Brown &amp; Brown</h3>
<ul>
<li>The Trade: Brown &amp; Brown, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) EVP, CFO and Treasurer R. Andrew Watts <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,500 shares</a> at an average price of $100.32. The insider received around $250,800 from selling those shares.</li>
<li>What's Happening: On Aug. 12, Wells Fargo analyst Elyse Greenspan upgraded Brown &amp; Brown from Equal-Weight to Overweight and raised the price target from $94 to $112.</li>
<li>What Brown &amp; Brown Does: Brown &amp; Brown Inc is an insurance agent and broker that offers insurance products and services, primarily in the areas of property, casualty, and employee benefits, by connecting customers with insurance companies.</li>
</ul>
<h3 class="wp-block-heading">Sirius XM</h3>
<ul>
<li>The Trade: Sirius XM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) Pres. &amp; Chief Content Officer Scott Andrew Greenstein <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,447,238 shares</a> at an average price of $3.16. The insider received around $4.6 million from selling those shares.</li>
<li>What's Happening: On Aug. 1, Sirius XM reported worse-than-expected second-quarter revenue results.</li>
<li>What Sirius XM Does: Sirius XM Holdings is composed of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee.</li>
</ul>
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Wells Fargo analyst Elyse Greenspan upgrades Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) from Equal-Weight to Overweight and raises the price target from $94 to $112.

Wells Fargo Upgrades Brown & Brown to Overweight, Raises Price Target to $112

Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) has outperformed the market over the past 5 years by 9.76% on an annualized basis producing an average annual return of 22.31%. Currently, Brown &amp; Brown has a market capitalization of $28.18 billion. 
Buying $100 In BRO: If an investor had bought $100 of BRO stock 5 years ago, it would be worth $276.04 today based on a price of $98.79 for BRO at the time of writing.
<h3>Brown &amp; Brown's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723134621_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Brown & Brown 5 Years Ago Would Be Worth Today

Brown &amp; Brown's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) short percent of float has fallen 7.1% since its last report. The company recently reported that it has 4.05 million shares sold short, which is 1.7% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.65 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Brown &amp; Brown Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722970816_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Brown &amp; Brown has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Brown &amp; Brown's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Brown &amp; Brown's peer group average for short interest as a percentage of float is 3.73%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Brown & Brown?

Brown & Brown Acquires Trade Credit Insurance Specialist CI Group, Led By Founder Mark Toulmin, To Enhance E-Bonded Platform And Expand Services For Lenders And SMEs

AMERISAFE, Inc.&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amsf#NASDAQ">AMSF</a>) shares have lost 5.3% since it reported second-quarter 2024 results on Jul 29. Investors may have been worried about weakness in underwriting results inducing a deterioration in the net combined ratio. An elevated operating expense level, resulting from an increase in loss and loss adjustment expenses incurred, underwriting and other operating costs and policyholder dividends, also contributed to the downside. Improved audit premiums partially offset the negatives.
AMSF reported second-quarter adjusted earnings per share of 58 cents, which missed the Zacks Consensus Estimate by 4.9%. Moreover, the bottom line dipped 20.5% year over year.
Operating revenues improved 3.4% year over year to $76 million. The top line beat the consensus mark by 2.4%.
<div class="chart_embed">
<h3>AMERISAFE, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="AMERISAFE, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/32/1722871229.png" style="height:265px; width:620px" title="" />
AMERISAFE, Inc. price-consensus-eps-surprise-chart | AMERISAFE, Inc. Quote
</div>
<h3>Q2 Performance</h3>
Net premiums earned of $68.6 million improved 4.6% year over year in the quarter under review and outpaced the Zacks Consensus Estimate of $66 million. The metric benefited from improved contributions from payroll audits and related premium adjustments as a result of persistent payroll strength.
Net investment income dipped 3.6% year over year to $7.4 million due to a reduced portfolio size. However, this was partially offset by improved reinvestment rates. The metric fell short of the consensus mark of $7.8 million. Fee and other losses were $75 million.
AMERISAFE reported a pre-tax underwriting profit of $6.5 million, which declined 31.2% year over year.
Total expenses escalated 10.7% year over year to $62.1 million in the second quarter.
Operating net income of $11.1 million decreased 20.2% year over year.
The net combined ratio deteriorated 510 basis points (bps) year over year to 90.5% and came higher than the consensus mark of 90%. The metric suffered due to a deteriorating net loss ratio.
<h3>Financial Update (as of Jun 30, 2024)</h3>
AMERISAFE exited the second quarter with cash and cash equivalents of $30.6 million, which declined 20.9% from the 2023-end level.
Total assets of $1.2 billion increased 0.4% from the figure in 2023-end.
Shareholders&#39; equity of $301 million grew 2.9% from the 2023-end level.
Book value per share was $15.78 as of Jun 30, 2024, which improved 3.3% from the 2023-end figure.
Return on average equity deteriorated 400 bps year over year to 14.6% in the quarter under review.
<h3>Dividend Update</h3>
Management announced a quarterly cash dividend of 37 cents per share, which will be paid out on Sep 20, 2024, to its shareholders of record as of Sep 6.
<h3>Zacks Rank</h3>
AMERISAFE currently carries a Zacks Rank #4 (Sell).
<h3>Performances of Other Insurers</h3>
Of the insurance industry players that have reported second-quarter 2024 results so far, the bottom-line results of&nbsp;Marsh &amp; McLennan Companies, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mmc#NYSE">MMC</a>),&nbsp;Brown &amp; Brown, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bro#NYSE">BRO</a>) and&nbsp;Kinsale Capital Group, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/knsl#NYSE">KNSL</a>) beat the Zacks Consensus Estimate.
Marsh &amp; McLennan reported second-quarter 2024 adjusted earnings per share of $2.41, which beat the Zacks Consensus Estimate by 0.8%. The bottom line advanced 10% year over year.&nbsp; Consolidated revenues rose 6% year over year to $6.2 billion. The figure also improved 6% on an underlying basis.&nbsp; The top line, however, fell short of the consensus mark by 1%. MMC&#39;s adjusted operating income was $1.72 billion, which grew 11% year over year. Adjusted operating margin improved 130 bps year over year to 29%.
The Risk and Insurance Services segment&#39;s revenues were $4.02 billion, which advanced 8% year over year and 7% on an underlying basis. Adjusted operating income advanced 12% year over year to $1.34 billion. Revenues of Marsh, a unit within the segment, improved 8% year over year and 7% on an underlying basis to $3.27 billion. In the United States/Canada, underlying revenues grew 6% year over year. International operations also witnessed underlying revenue growth of 7%. &nbsp;
Brown &amp; Brown&#39;s second-quarter adjusted earnings of 93 cents per share beat the Zacks Consensus Estimate by 6.8%. The bottom line increased 17.7% year over year. Total revenues of $1.2 billion beat the consensus estimate by 3.3%. The top line improved 12.5% year over year. The upside can be primarily attributed to commission and fees, which grew 11.4% year over year to $1.1 billion.&nbsp;
Organic revenues improved 10% to $1 billion. Investment income more than doubled year over year to $22 million. Adjusted EBITDAC was $420 million, up 17.3% year over year. EBITDAC margin expanded 150 bps year over year to 35.7%.&nbsp;
Kinsale Capital delivered second-quarter net operating earnings of $3.75 per share, which outpaced the Zacks Consensus Estimate by 6.5%. The bottom line increased 30.4% year over year.&nbsp; Operating revenues jumped 45.1% year over year to $378 million. Revenues beat the consensus estimate of $377 million. Gross written premiums of $529.8 million rose 20.9% year over year. Net written premiums climbed 17.9% year over year to $430.2 million.&nbsp;
Net investment income increased 48.3% year over year to $35.8 million. Kinsale Capital&#39;s underwriting income was $76.1 million, which grew 23.6% year over year. The combined ratio deteriorated 100 bps to 77.7% in the quarter under review. The expense ratio deteriorated 10 bps to 21.1, while the loss ratio deteriorated 60 bps to 56.6.
<a href="https://www.zacks.com/stock/news/2316354/amerisafe-amsf-stock-down-5-3-since-q2-earnings-miss?cid=CS-BENZ-FT-analyst_blog|earnings_article-2316354">To read this article on Zacks.com click here.</a>

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Shares of insurance companies are trading lower amid overall weakness following concerns for recently issued US economic data.

CNO Financial Group, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cno#NYSE">CNO</a>) reported second-quarter 2024 adjusted earnings per share of $1.05, which beat the Zacks Consensus Estimate by 45.8%. Moreover, the bottom line rose 94.4% year over year.
Total revenues increased 4.2% year over year to $1.07 billion in the second quarter. The top line beat the consensus mark by 16.4%.
The strong second-quarter results benefited from improved insurance product margin, premiums, and general account assets.&nbsp;However, the decline of the policyholder and other special-purpose portfolios partially offset the results.
<div class="chart_embed">
<h3>CNO Financial Group, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="CNO Financial Group, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/84/1722441570.png" style="height:265px; width:600px" title="" />
CNO Financial Group, Inc. price-consensus-eps-surprise-chart | CNO Financial Group, Inc. Quote
</div>
<h3>Second-Quarter Performance</h3>
Total insurance policy income of $641.5 million improved 2.1% year over year and beat the Zacks Consensus Estimate by 1.2% due to a rise in annuity, health and life insurance policy incomes.
CNO&#39;s net investment income increased 2.4% year over year to $409.1 million in the second quarter. General account assets grew 8.3% year over year to $351.7 million and beat the consensus mark by 14.1%. However, the policyholder and other special-purpose portfolios declined 37.3% year over year to $57.4 million.
Annuity collected premiums of $439.1 million increased 9.3% year over year. New annualized premiums for health and life products improved 4.3% year over year to $102.9 million. Annuity, Health and Life products accounted for 27.7%, 49.4% and 22.9%, respectively, of CNO&#39;s insurance margin.
Total benefits and expenses were $915.6 million, which declined 1.2% year over year. The decline in the metric was due to liability for future policy benefits remeasurement gain and a decline in other operating costs and expenses.
<h3>Financial Update (as of Jun 30, 2024)</h3>
CNO Financial exited the second quarter with unrestricted cash and cash equivalents of $878.8 million, which increased from the 2023-end level of $774.5 million. Total assets of $36.3 billion increased from $35.1 billion at 2023-end.
The debt-to-capital ratio was 43% at the end of the second quarter. It has no outstanding debt maturities till 2025.
Total shareholders&#39; equity jumped to $2.4 billion from $2.2 billion as of Dec 31, 2023.
Book value per diluted share increased to $36 in the second quarter from $33.94 at 2023-end. Adjusted operating return on equity came in at 11.2%, which improved from 8% a year ago.
<h3>Share Repurchase and Dividend Update</h3>
CNO Financial rewarded its shareholders with $60 million in the form of share buybacks and dividends of $17.2 million.
As of Jun 30, 2024, the company had remaining repurchase funds of $421.8 million.
<h3>2024 Guidance</h3>
<h3>New Update</h3>
CNO Financial now expects 2024 EPS in the range of $3.30-$3.50, indicating an increase of 10% from the 2023 figure of $3.09. The company expects the expense ratio to be in the range of 19%-19.2% for 2024, improving from the 2023 level of 19.4%. It expects $200-$250 million excess cash flow to the holding company.
<h3>Previous View</h3>
The company continues to anticipate the effective tax rate for 2024 to be around 23%. It is also aiming at a leverage of 25%-28% for this year.
<h3>Zacks Rank</h3>
CNO Financial currently carries a Zacks Rank #3 (Hold).
<h3>Performances of Other Insurers</h3>
Of the insurance industry players that have reported second-quarter 2024 results so far, the bottom-line results of&nbsp;Marsh &amp; McLennan Companies, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mmc#NYSE">MMC</a>),&nbsp;Brown &amp; Brown, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bro#NYSE">BRO</a>) and&nbsp;Kinsale Capital Group, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/knsl#NYSE">KNSL</a>) beat the Zacks Consensus Estimate.
Marsh &amp; McLennan reported second-quarter 2024 adjusted earnings per share of $2.41, which beat the Zacks Consensus Estimate by 0.8%. The bottom line advanced 10% year over year.&nbsp; Consolidated revenues rose 6% year over year to $6.2 billion. The figure also improved 6% on an underlying basis.&nbsp; The top line, however, fell short of the consensus mark by 1%. MMC&#39;s adjusted operating income was $1.72 billion, which grew 11% year over year. Adjusted operating margin improved 130 bps year over year to 29%.
The Risk and Insurance Services segment&#39;s revenues were $4.02 billion, which advanced 8% year over year and 7% on an underlying basis. Adjusted operating income advanced 12% year over year to $1.34 billion. Revenues of Marsh, a unit within the segment, improved 8% year over year and 7% on an underlying basis to $3.27 billion. In the United States/Canada, underlying revenues grew 6% year over year. International operations also witnessed underlying revenue growth of 7%. &nbsp;
Brown &amp; Brown&#39;s second-quarter adjusted earnings of 93 cents per share beat the Zacks Consensus Estimate by 6.8%. The bottom line increased 17.7% year over year. Total revenues of $1.2 billion beat the consensus estimate by 3.3%. The top line improved 12.5% year over year. The upside can be primarily attributed to commission and fees, which grew 11.4% year over year to $1.1 billion.&nbsp;
Organic revenues improved 10% to $1 billion. Investment income more than doubled year over year to $22 million. Adjusted EBITDAC was $420 million, up 17.3% year over year. EBITDAC margin expanded 150 bps year over year to 35.7%.&nbsp;
Kinsale Capital delivered second-quarter net operating earnings of $3.75 per share, which outpaced the Zacks Consensus Estimate by 6.5%. The bottom line increased 30.4% year over year.&nbsp; Operating revenues jumped 45.1% year over year to $378 million. Revenues beat the consensus estimate of $377 million. Gross written premiums of $529.8 million rose 20.9% year over year. Net written premiums climbed 17.9% year over year to $430.2 million.&nbsp;
Net investment income increased 48.3% year over year to $35.8 million. Kinsale Capital&#39;s underwriting income was $76.1 million, which grew 23.6% year over year. The combined ratio deteriorated 100 bps to 77.7% in the quarter under review. The expense ratio deteriorated 10 bps to 21.1, while the loss ratio deteriorated 60 bps to 56.6.
<a href="https://www.zacks.com/stock/news/2313385/cno-financial-cno-q2-earnings-beat-estimates-24-eps-view-up?cid=CS-BENZ-FT-analyst_blog|earnings_article-2313385">To read this article on Zacks.com click here.</a>

Guidance

CNO Financial Q2 Earnings Beat Estimates, '24 EPS View Up

Brown & Brown Acquire Dutch Insurance Broker Quintes Holding B.V; Deal Terms Not Disclosed

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) with a Underperform and raises the price target from $86 to $92.

Keefe, Bruyette & Woods Maintains Underperform on Brown & Brown, Raises Price Target to $92

Brown & Brown (BRO) has provided an update. Brown & Brown, Inc. has appointed Stephen P. Hearn as a new board director, leveraging his extensive ex...

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Brown & Brown Q2: Strong Insurance Premium Growth Continues

The insurance industry is well-positioned for robust growth owing to evolving consumer preferences, emerging market demand, and rapid digital transformation. Thus, it could be wise to invest in quality insurance stocks Hartford Financial Services Group (HIG), Brown & Brown (BRO), and Primerica (PRI) for substantial gains. Continue reading... With strong economic growth, evolving demand among consumers, and rising adoption of digital technologies, the insurance industry is expected to experience robust growth in the coming years.
Given the industry's bright prospects, fundamentally sound insurance stocks The Hartford Financial Services Group, Inc. (<a href="https://stocknews.com/stock/HIG/">HIG</a>), Brown &amp; Brown, Inc. (<a href="https://stocknews.com/stock/BRO/">BRO</a>), and Primerica, Inc. (<a href="https://stocknews.com/stock/PRI/">PRI</a>) could be solid portfolio additions offering solid growth and stability.
After a slow first-quarter growth, the <a href="https://www.reuters.com/markets/us/us-economic-growth-regains-steam-second-quarter-inflation-slows-2024-07-25/">U.S. economy regained speed</a> in the second quarter with gross domestic product growth at a 2.8% annualized rate. The economy grew faster than expected with rising consumer spending, business investment and easing price pressure. Also, expectations of a September interest rate cut from the Federal Reserve signal further improvement.
This strong economic growth trajectory will likely benefit economic activities, boost consumer confidence, and benefit businesses especially in segments like insurance. The <a href="https://riskandinsurance.com/global-commercial-insurance-rates-stabilize-in-q2-2024/#:~:text=For%20the%20first%20time%20in,Market%20Index%20released%20by%20Marsh.">commercial insurance rates in the U.S. increased 1%</a>, and casualty insurance rates increased by 4% overall in the second quarter. This moderation is attributable to increased capacity, and competition among insurers.
The property and casualty insurance market is expected to grow from $2 trillion in 2024 to $3.79 trillion by 2032, exhibiting growth at a <a href="https://www.polarismarketresearch.com/industry-analysis/property-and-casualty-insurance-market">CAGR of 8.3%</a>. Technological advancements like advanced core processes, Artificial intelligence (AI) and data analytics will propel the market demand.
Further, the insurance brokers &amp; agents market is expected to reach $612.72 billion by 2028, expanding at a <a href="https://www.thebusinessresearchcompany.com/market-insights/insurance-brokers-and-agents-market-2024">CAGR of 7%</a> driven by rising demand from emerging markets.
Considering this favorable backdrop, let's assess the fundamentals of the three insurance stocks.
The Hartford Financial Services Group, Inc. (<a href="https://stocknews.com/stock/HIG/">HIG</a>)
HIG provides insurance and financial services to individual and business customers internationally. The company operates through Commercial Lines segment; Personal Lines segment; Property &amp; Casualty Other Operations segment; Group Benefits segment; and Hartford Funds segment.
HIG's revenue and EBITDA have grown at respective CAGRs of 6.1% and 5.6% over the past three years. The company's EBIT has increased 9.6% over the same timeframe, while its net income and EPS have improved at CAGRs of 10.7% and 17.3%, respectively.
On July 17, HIG's Board of Directors declared a dividend of $0.47 per share of common stock, payable on October 2 to common stock shareholders of record at the close of business on September 3.
The Board also declared a dividend of $375 on each of the shares of Series G preferred stock (equivalent to $0.375 per depository share), payable on November 15 to Series G preferred stock shareholders of record at the close of business on November 1.
HIG pays an annual dividend of $1.88, which translates to a yield of 1.62% at the current share price. Its four-year average dividend yield is 2.21%. Moreover, the company's dividend payouts have increased at a CAGR of 10.8% over the past three years. HIG has raised its dividends for 11 consecutive years.
During the second quarter that ended June 30, 2024, HIG's total <a href="https://www.investopedia.com/terms/r/revenue.asp">revenues</a> increased 8.5% year-over-year to $3.48 billion. The company's core earnings came in at $750 million and $2.50 per share, indicating growths of 27.5% and 33% from the prior year's quarter, respectively.
In addition, the company's book value per share rose 15.7% over the prior-year quarter to $51.43.
Analysts expect HIG's revenue for the third quarter (ending September 2024) to increase 8.5% year-over-year to $6.69 billion, while its EPS is expected to grow 10.2% year-over-year to $2.52. Further, the company has surpassed the consensus EPS estimates in three of the trailing four quarters.
Over the past six months, HIG's stock has gained 21.2% and 60.7% over the past year to close the last trading session at $116.15. It has a beta of 0.92.
HIG's bright outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Momentum and a B for Growth and Stability. Within the A-rated <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance – Property &amp; Casualty</a> industry, HIG is ranked #23 among 55 stocks.
<a href="https://stocknews.com/stock/HIG/">Click here</a> to access additional ratings of HIG (Value, Sentiment, and Quality).
Brown &amp; Brown, Inc. (<a href="https://stocknews.com/stock/BRO/">BRO</a>)
BRO markets and sells insurance products and services internationally. It operates in four segments: Retail; National Programs; Wholesale Brokerage; and Services. The company provides property and casualty, employee benefits insurance products, personal insurance products, and specialties insurance products.
BRO's revenue and EBITDA have grown at CAGRs of 15.9% and 17.7% over the past three years, respectively. The company's EBIT has increased 18.5% over the same time frame, while its net income and EPS have improved at respective CAGRs of 20.4% and 20.1%, respectively.
On July 29, BRO entered into an agreement to acquire the Quintes insurance operations, one of the largest independent insurance brokers in the Netherlands. The transaction is expected to close in the fourth quarter of 2024. The strategic acquisition aligns well with BRO and will expand its international footprint and broaden the global capabilities scope.
For the second quarter that ended June 30, 2024, BRO's total revenues rose 12.5% year-over-year to $1.18 billion. Its income before income taxes grew 36.2% from the year-ago value to $346 million. The company's net income attributable to the company was $257 million and $0.90 per share, up 35.3% and 34.3% year-over-year, respectively.
In addition, the company's adjusted EBITDAC came in at $420 million, an increase of 17.3% from the previous year's quarter.
Street expects BRO's revenue and EPS for the third quarter (ending September 2024) to increase 8.9% and 22.2% year-over-year to $1.16 billion and $0.87, respectively. Furthermore, the company topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Over the past six months, the stock has gained 24.3% and 42% over the past year to close the last trading session at $104.65. It has a beta of 0.82.
BRO's sound fundamentals are reflected in its POWR Ratings. The stock has an overall grade of B, equating to a Buy in our proprietary rating system.
BRO has an A grade for Momentum. It also has a B grade for Growth, Sentiment, Quality, and Stability. The stock is ranked #2 out of 13 stocks within the <a href="https://stocknews.com/category/insurance-brokers/">Insurance - Brokers</a> industry.
To see the other ratings of BRO, <a href="https://stocknews.com/stock/BRO/">click here</a>.
Primerica, Inc. (<a href="https://stocknews.com/stock/PRI/">PRI</a>)
PRI provides financial products and services to middle-income households. The company operates through four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.
PRI's trailing-12-month gross profit and EBIT margins of 66.52% and 30.40% are 10.4% and 31.2% higher than the respective industry averages of 60.24% and 23.16%. Likewise, the stock's trailing-12-month levered FCF margin of 32.83% is 84.2% higher than the industry average of 17.83%.
Over the past three years, PRI's revenue and EBITDA have grown at CAGRs of 6.5% and 11.7%, respectively. The company's EBIT has increased 11.7% over the same time frame, while its normalized net income and EPS have improved at respective CAGRs of 13.2% and 4.5%, respectively.
During the second quarter that ended June 30, 2024, PRI's total revenues increased 16.7% year-over-year to $803.37 million and its total adjusted operating income before income taxes grew 11.6% year-over-year to $212.14 million. The company's adjusted net operating income and adjusted EPS came in at $162.75 million, and $4.71, up 11.9% and 18% from the prior year's quarter, respectively.
Analysts expect PRI's revenue and EPS for the third quarter (ending September 2024) to grow 4.2% and 10.6% year-over-year to $740.69 million and $4.73, respectively. Moreover, the company has exceeded the consensus revenue estimates in all four trailing quarters, which is remarkable.
Shares of PRI have surged 6.7% over the past six months and 30.4% over the past year to close the last trading session at $216.57. It has a 24-month beta of 0.69.
PRI's POWR Ratings reflect its solid prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
PRI has an A grade for Momentum and a B grade for Growth, Sentiment, and Stability. It is ranked #11 among 26 stocks in the B-rated <a href="https://stocknews.com/category/life-insurance/">Insurance - Life</a> industry.
In addition to the POWR Ratings highlighted above, you can check PRI's ratings for Value and Quality <a href="https://stocknews.com/stock/PRI/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
HIG shares were trading at $115.84 per share on Friday morning, down $0.31 (-0.27%). Year-to-date, HIG has gained 45.49%, versus a 18.57% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/hig-bro-pri-3-insurance-stocks-that-offer-growth-and-stability/>3 Insurance Stocks That Offer Growth and Stability</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Insurance Stocks That Offer Growth and Stability

Buy insurance and sell software – Oppenheimer Asset Management

Exxon Mobil, Visa Among 17 Companies To Announce Annual Dividend Increases In October

Brown & Brown acquires the assets of The Canopy Group

In a report released on October 3, Scott Heleniak from RBC Capital maintained a Buy rating on Brown & Brown (BRO – Research Report), with a price t...

RBC Capital Keeps Their Buy Rating on Brown & Brown (BRO)

ABBV

ALLE

AMGN

ANSS

AVGO

CBOE

CRWD

CSCO

CTAS

DDOG

FANG

FITB

FLIC

GOOGL

KLAC

LECO

LRCX

MARA

MPWR

MSEX

MSFT

NTAP

PCOR

QCOM

SBUX

VRNT

WING

Press Releases

Brown & Brown, Inc. announces 2024 second-quarter earnings release and conference call dates

Brown & Brown, Inc. Announces Quarterly Cash Dividend

Brown & Brown, Inc. included on 2024 Fortune Best Workplaces for Millennials™ list

Brown & Brown, Inc. announces second quarter 2024 results, including total revenues of $1.2 billion, an increase of 12.5%; Organic Revenue growth of 10.0%; diluted net income per share of $0.90; and Diluted Net Income Per Share - Adjusted of $0.93

Brown & Brown, Inc. enters into an agreement to acquire Quintes Holding B.V.

Stephen P. Hearn named to Brown & Brown, Inc. board of directors

Brown & Brown, Inc. included on the 2024 Fortune Best Workplaces in Financial Services & Insurance™ list for the fifth consecutive year

Brown & Brown, Inc. announces senior leadership team appointments

Brown & Brown, Inc. announces 2024 third-quarter earnings release and conference call dates

Brown & Brown, Inc. acquires the assets of The Canopy Group

Abacus Life

Arthur J. Gallagher

Aon plc Class A Ordinary Shares (Ireland)

The Baldwin Insurance Group, Inc. - Class A Common Stock

Baldwin Insurance

Cheche Group Inc. - Class A Ordinary Shares

Cheche Group

Crawford & Company Common Stock

eHealth

Fanhua Inc. - American depositary shares, each representing 20 ordinary shares

Fanhua

GoHealth

Goosehead Insurance, Inc. - Class A Common Stock

Goosehead Insurance

Hagerty

Hippo Holdings

Huize Holding Limited - American Depositary Shares

Huize Holding

Marsh & McLennan Companies, Inc. Common Stock

Marsh & McLennan

Ryan Specialty Holdings, Inc. Class A Common Stock

Ryan Specialty Hldgs

SelectQuote

TIAN RUIXIANG Holdings Ltd - Class A Ordinary Shares

Tian Ruixiang Holdings

TWFG

Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinary Shares)

Waterdrop

Willis Towers Watson Public Limited Company - Ordinary Shares

Willis Towers Watson

XChange TEC.INC - American Depositary Shares

XChange Tec

Zhibao Technology Inc. - Class A Ordinary Shares

Zhibao Technology

Argus Research

Barclays

Wells Fargo

Keefe, Bruyette & Woods

Raymond James

월요일 아침 (현지 시간 기준) 미국 주식 선물이 상승한 가운데, 오늘 투자자들의 관심을 끌 수 있는 일부 주식은 다음과 같다:
<ul>
<li>월스트리트는 버라이즌 커뮤니케이션스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)가 개장 전 330억 6천만 달러의 매출과 주당 1.15달러의 분기 이익을 발표할 것으로 예상하고 있다. <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>의 데이터에 따르면, 버라이즌의 주가는 시간외 거래에서 0.1% 하락한 41.59달러를 기록했다.</li>
<li>보잉(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>)은 항공 여행이 팬데믹 이전 수요를 초과하면서 향후 20년 동안 항공기 배송이 3% 증가할 것이라고 밝혔다. 보잉 주가는 시간외 거래에서 0.1% 하락한 179.45달러를 기록했다.</li>
<li>분석가들은 SAP(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>)가 분기 이익을 주당 1.16달러, 매출 88억 4천만 달러로 발표할 것으로 예상한다. 회사는 시장이 마감된 후 수익을 발표할 예정이다. SAP의 주가는 시간외 거래에서 0.01% 하락한 197.19달러를 기록했다.</li>
</ul>
당사의 <a href="https://www.benzinga.com/premarket/">프리마켓 동향 커버리지를 확인하세요</a>
<ul>
<li>레코 시스템즈(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REKR#NASDAQ">REKR</a>)는 주주 매각을 통해 최대 440만 주까지 보통주를 제공하기 위해 신청했다. 레코 시스템즈의 주가는 시간외 거래에서 6.6% 상승한 1.79달러를 기록했다.</li>
<li>분석가들은 브라운앤브라운(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>)이 개장 전에 11억 4천만 달러의 매출과 주당 88센트의 분기 이익을 발표할 것으로 예상한다다. 브라운앤브라운의 주가는 시간외 거래에서 0.6% 상승한 92.98달러를 기록했다.</li>
</ul>
사진제공: 플리커
Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 
독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. 
<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

버크셔 해서웨이(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)의 보험 운영 부회장인 아지트 자인(Ajit Jain)은 사이버 보험이 요즘 매우 세련된 공간이 되었다고 말했다. 지난 몇 년 동안 사이버 보험은 전 세계적으로 최소 <a href="https://www.benzinga.com/general/24/02/36987783/scott-mayor-founder-of-endurance-advises-businesses-on-managing-cyber-risk" target="_blank" rel="noreferrer noopener">100억 달러 규모의 시장</a>이 되었다.
지난 토요일 네브래스카주 오마하에서 열린 버크셔 해서웨이의 연례 주주<a href="https://www.youtube.com/watch?v=X3wLdzddRtI" target="_blank" rel="noreferrer noopener">총회</a>에서 자인은 사이버 보험의 수익성도 전체 보험료(프리미엄)의 <a href="https://www.benzinga.com/news/24/05/38630719/warren-buffett-fears-the-ai-genie-thats-part-out-of-the-bottle-but-agrees-it-has-potential-to-do-goo" target="_blank" rel="noreferrer noopener">약 20%</a>로 상당히 높다고 말했다.
그러나 그는 버크셔가 다음과 같은 이유로 사이버 보험 책임을 고려할 때 매우 신중한 경향이 있다고 말했다:
<ul>
<li>일회성 손실과 사이버 손실에 대한 집계 잠재력을 파악하는 것은 어렵다.</li>
<li>자인에 따르면 일부 클라우드 운영이 중단되면 집계 손실이 엄청날 수 있으며 &#8220;최악의 경우 한도&#8221;를 이해할 수 없다는 점이 우리를 두렵게 한다.</li>
<li>사이버 보험의 손실 비용은 단일 손실뿐만 아니라 시간에 따른 손실까지 이해하기 어렵다.</li>
</ul>
&#8220;우리는 이 분야를 꽤 잘 관리했으며 지난 4-5년 동안 프리미엄 손실의 1달러 중 100센트 중 40센트 이상은 넘지 않았을 것으로 생각한다&#8221;고 자인이 덧붙였다.
그러나 자인은 현재 실제 손실 비용을 완전히 이해할 수 있는 충분한 데이터가 없다고 강조했다.
자인은 "[직원들]이 사이버 보험에 가입하지 못하도록 했다"고 말했다. "사이버 보험 증권을 작성할 때마다 돈을 잃는다."
결과적으로 사이버 보험은 대규모 사업이 될 것으로 예상되지만, 막대한 손실을 초래할 수도 있다.
&#8220;우리의 방법은 현재 우리가 어떤 의미 있는 데이터에 액세스할 때까지 이 분야에서 거리를 둔 상태로 있다&#8221;고 자인이 말했다.
국제통화기금(IMF)의 <a href="https://www.imf.org/en/Blogs/Articles/2024/04/09/rising-cyber-threats-pose-serious-concerns-for-financial-stability">보고서</a>에 따르면 코로나19 이후 사이버 공격은 두 배 이상 급증했다. 많은 회사가 경미한 직접적인 손실을 입었지만 에퀴팩스(Equifax)와 같은 일부 회사는 상당한 피해를 입었다. 예를 들어 에퀴팩스는 1억 5천만 명의 소비자에게 영향을 미친 2017년 주요 데이터 침해 사건 이후 침해 보상과 데이터 보안 전환에 10억 달러 이상을 지출했다.
사이버 보험을 제공하는 주요 미국 상장 기업을 살펴보면 다음과 같다:
<ul>
<li>마쉬 앤 맥레넌(Marsh &amp; McLennan Companies, Inc.) 보통주(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>)</li>
<li>에이온(Aon Plc) 클래스 A 보통주(아일랜드)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>)</li>
<li>아서 J 갤러거(Arthur J. Gallagher &amp; Co.) 보통주(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>)</li>
<li>브라운 앤 브라운(Brown &amp; Brown, Inc.) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>)</li>
<li>윌리스 타워 왓슨(Willis Towers Watson Public Limited Company) &#8211; 보통주(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTW#NASDAQ">WTW</a>)</li>
</ul>
버크셔 해서웨이는 토요일 인수 및 투자 수입 모두에서 보험 사업의 강세에 힘입어 <a href="https://www.businesswire.com/news/home/20240504932623/en/Berkshire-Hathaway-Inc.-First-Quarter-2024-Earnings-Release" target="_blank" rel="noreferrer noopener">1분기</a> 영업 이익이 견실한 증가세를 기록했다.
버크셔 해서웨이(Berkshire Hathaway)는 토요일, 보험 비즈니스의 강도로 인해 언더라이팅과 투자 수입 모두에서 강세로 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">억제된</a> <a href="https://www.businesswire.com/news/home/20240504932623/en/Berkshire-Hathaway-Inc.-First-Quarter-2024-Earnings-Release" target="_blank" rel="noreferrer noopener">분기</a> 영업이익을 기록했습니다. <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">지난해 같은 분기의 80.65억 달러 대비</a> 약 39% 이상 증가한 약 112.2억 달러의 분기 영업 이익을 기록했다.
사진: 셔터스톡(Shutterstock)

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