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 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
75% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 56
27% more repeat investments, than reductions
Existing positions increased: 291 | Existing positions reduced: 230
6% more funds holding
Funds holding: 698 [Q1] → 740 (+42) [Q2]
1% more capital invested
Capital invested by funds: $18.3B [Q1] → $18.5B (+$127M) [Q2]
0.94% less ownership
Funds ownership: 73.49% [Q1] → 72.55% (-0.94%) [Q2]
7% less funds holding in top 10
Funds holding in top 10: 15 [Q1] → 14 (-1) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
B of A Securities Joshua Shanker 54% 1-year accuracy 26 / 48 met price target | 13%upside $117 | Neutral Maintained | 10 Oct 2024 |
Wells Fargo Elyse Greenspan 66% 1-year accuracy 59 / 90 met price target | 10%upside $114 | Overweight Maintained | 10 Oct 2024 |
Jefferies Yaron Kinar 53% 1-year accuracy 8 / 15 met price target | 0%upside $104 | Hold Maintained | 9 Oct 2024 |
Argus Research | 16%upside $120 | Buy Initiated | 24 Sept 2024 |
Barclays Alex Scott 73% 1-year accuracy 32 / 44 met price target | 4%upside $108 | Equal-Weight Initiated | 4 Sept 2024 |
Financial journalist opinion
Based on 10 articles about BRO published over the past 30 days