Brown & BrownBRO
Market Cap: 28.3B
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 Q1 SEC filings by fund managers ($100M+ AUM)
976% more call options, than puts
Call options by funds: $18.9M | Put options by funds: $1.76M
40% more funds holding in top 10
Funds holding in top 10: 10 [Q4 2023] → 14 (+4) [Q1 2024]
34% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 71
22% more capital invested
Capital invested by funds: $14.4B [Q4 2023] → $17.5B (+$3.13B) [Q1 2024]
21% more repeat investments, than reductions
Existing positions increased: 263 | Existing positions reduced: 217
4% more funds holding
Funds holding: 658 [Q4 2023] → 682 (+24) [Q1 2024]
74.65% less ownership
Funds ownership: 144.89% [Q4 2023] → 70.24% (-74.65%) [Q1 2024]
Research analyst outlook
20 Wall Street Analysts provided 1 year price forecasts over the past 6 months
20 analyst ratings
Keefe, Bruyette & Woods Meyer Shields | 7%downside $92 | Underperform Maintained | 26 Jul 2024 |
Raymond James C. Gregory Peters | 11%upside $110 | Outperform Maintained | 25 Jul 2024 |
RBC Capital Scott Heleniak | 11%upside $110 | Outperform Maintained | 24 Jul 2024 |
Wells Fargo Elyse Greenspan | 5%downside $94 | Equal-Weight Maintained | 24 Jul 2024 |
Truist Securities Mark Hughes | 13%upside $112 | Buy Maintained | 24 Jul 2024 |
Financial journalist opinion
Based on 17 articles about BRO published over the past 30 days