Brown & BrownBRO
Market Cap: $29.6B
About: 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.
Employees: 16,152
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
4,418% more call options, than puts
Call options by funds: $26.2M | Put options by funds: $580K
67% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 58
26% more repeat investments, than reductions
Existing positions increased: 289 | Existing positions reduced: 229
6% more funds holding
Funds holding: 694 [Q1] → 733 (+39) [Q2]
1% more capital invested
Capital invested by funds: $18.3B [Q1] → $18.4B (+$116M) [Q2]
0.98% less ownership
Funds ownership: 73.39% [Q1] → 72.41% (-0.98%) [Q2]
7% less funds holding in top 10
Funds holding in top 10: 14 [Q1] → 13 (-1) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Barclays Alex Scott 89% 1-year accuracy 33 / 37 met price target | 4%upside $108 | Equal-Weight Initiated | 4 Sept 2024 |
Wells Fargo Elyse Greenspan 75% 1-year accuracy 52 / 69 met price target | 8%upside $112 | Overweight Upgraded | 12 Aug 2024 |
Keefe, Bruyette & Woods Meyer Shields 79% 1-year accuracy 62 / 78 met price target | 11%downside $92 | Underperform Maintained | 26 Jul 2024 |
Raymond James C. Gregory Peters 89% 1-year accuracy 25 / 28 met price target | 6%upside $110 | Outperform Maintained | 25 Jul 2024 |
RBC Capital Scott Heleniak 94% 1-year accuracy 45 / 48 met price target | 6%upside $110 | Outperform Maintained | 24 Jul 2024 |
Financial journalist opinion
Based on 5 articles about BRO published over the past 30 days