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
123% more first-time investments, than exits
New positions opened: 118 | Existing positions closed: 53
34% more capital invested
Capital invested by funds: $19.4B [Q2] → $26B (+$6.66B) [Q3]
29% more funds holding in top 10
Funds holding in top 10: 14 [Q2] → 18 (+4) [Q3]
18% more repeat investments, than reductions
Existing positions increased: 301 | Existing positions reduced: 256
8% more funds holding
Funds holding: 741 [Q2] → 797 (+56) [Q3]
4.12% less ownership
Funds ownership: 76.08% [Q2] → 71.97% (-4.12%) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Keefe, Bruyette & Woods Meyer Shields 64% 1-year accuracy 67 / 105 met price target | 5%downside $97 | Underperform Maintained | 10 Jan 2025 |
Morgan Stanley Bob Huang 47% 1-year accuracy 7 / 15 met price target | 31%upside $134 | Overweight Initiated | 5 Dec 2024 |
Barclays Alex Scott 52% 1-year accuracy 37 / 71 met price target | 17%upside $119 | Equal-Weight Maintained | 21 Nov 2024 |
Truist Securities Mark Hughes 69% 1-year accuracy 45 / 65 met price target | 16%upside $118 | Buy Maintained | 30 Oct 2024 |
RBC Capital Scott Heleniak 75% 1-year accuracy 40 / 53 met price target | 16%upside $118 | Outperform Maintained | 30 Oct 2024 |
Financial journalist opinion
Based on 8 articles about BRO published over the past 30 days