BRO stock icon

Brown & Brown
BRO

$93.34
0.34%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 19 analysts
0
News positive %
of 6 articles

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

19 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$75
20%
downside
Avg. target
$87
6%
downside
High target
$101
8%
upside

19 analyst ratings

positive
47%
neutral
32%
negative
21%
Citigroup
Michael Ward
7%upside
$100
Buy
Maintained
31 May 2024
B of A Securities
Grace Carter
8%upside
$101
Neutral
Upgraded
22 May 2024
Keefe, Bruyette & Woods
Meyer Shields
12%downside
$82
Underperform
Maintained
3 May 2024
Wells Fargo
Elyse Greenspan
9%downside
$85
Equal-Weight
Maintained
24 Apr 2024
Truist Securities
Mark Hughes
1%upside
$94
Buy
Maintained
24 Apr 2024

Financial journalist opinion

Based on 6 articles about BRO published over the past 30 days