Brown & Brown
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 Q3 regulatory filings by fund managers ($100M+ AUM)
2,381% more call options, than puts
Call options by funds: $28.5M | Put options by funds: $1.15M
52% more first-time investments, than exits
New positions opened: 117 | Existing positions closed: 77
29% more funds holding in top 10
Funds holding in top 10: 14 [Q2] → 18 (+4) [Q3]
19% more repeat investments, than reductions
Existing positions increased: 297 | Existing positions reduced: 249
9% more capital invested
Capital invested by funds: $19.3B [Q2] → $21.1B (+$1.83B) [Q3]
5% more funds holding
Funds holding: 741 [Q2] → 781 (+40) [Q3]
4.15% less ownership
Funds ownership: 75.67% [Q2] → 71.52% (-4.15%) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Truist Securities Mark Hughes 86% 1-year accuracy 55 / 64 met price target | 7%upside $118 | Buy Maintained | 30 Oct 2024 |
RBC Capital Scott Heleniak 93% 1-year accuracy 51 / 55 met price target | 7%upside $118 | Outperform Maintained | 30 Oct 2024 |
Truist Securities Mark Hughes 86% 1-year accuracy 55 / 64 met price target | 5%upside $116 | Buy Maintained | 16 Oct 2024 |
B of A Securities Joshua Shanker 62% 1-year accuracy 33 / 53 met price target | 6%upside $117 | Neutral Maintained | 10 Oct 2024 |
Wells Fargo Elyse Greenspan 77% 1-year accuracy 66 / 86 met price target | 4%upside $114 | Overweight Maintained | 10 Oct 2024 |
Financial journalist opinion
Based on 14 articles about BRO published over the past 30 days
