Brown & Brown
About: Brown & Brown Inc is a diversified insurance agency, wholesale brokerage, insurance programs, and service. The Company markets and sells insurance products and services, in the property, casualty, and employee benefits areas. It provides customers with non-investment insurance contracts, as well as other targeted, customized risk management products and services. It has four reportable segments; the Retail segment; the Programs segment; the Wholesale Brokerage segment and; the Services segment. It generates the majority of its revenue from the Retail segment which provides insurance products and services to commercial, public and quasi-public, and Others through automobile dealer services F&I businesses. Its geographic area is U.S., U.K., the Republic of Ireland, Canada, and Others.
Employees: 17,403
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
1,203% more call options, than puts
Call options by funds: $21.5M | Put options by funds: $1.65M
78% more first-time investments, than exits
New positions opened: 107 | Existing positions closed: 60
25% more repeat investments, than reductions
Existing positions increased: 325 | Existing positions reduced: 261
6% more funds holding in top 10
Funds holding in top 10: 18 [Q3] → 19 (+1) [Q4]
2% more funds holding
Funds holding: 803 [Q3] → 821 (+18) [Q4]
2.01% more ownership
Funds ownership: 72.0% [Q3] → 74.01% (+2.01%) [Q4]
2% more capital invested
Capital invested by funds: $21.2B [Q3] → $21.6B (+$346M) [Q4]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
RBC Capital Scott Heleniak 73% 1-year accuracy 35 / 48 met price target | 7%upside $120 | Outperform Maintained | 29 Jan 2025 |
Wells Fargo Elyse Greenspan 68% 1-year accuracy 77 / 114 met price target | 12%upside $125 | Overweight Maintained | 29 Jan 2025 |
B of A Securities Joshua Shanker 59% 1-year accuracy 30 / 51 met price target | 5%upside $117 | Neutral Maintained | 28 Jan 2025 |
Keefe, Bruyette & Woods Meyer Shields 62% 1-year accuracy 69 / 112 met price target | 13%downside $97 | Underperform Maintained | 10 Jan 2025 |
Morgan Stanley Bob Huang 72% 1-year accuracy 13 / 18 met price target | 20%upside $134 | Overweight Initiated | 5 Dec 2024 |
Financial journalist opinion
Based on 5 articles about BRO published over the past 30 days
