Brown & Brown (BRO)

• Market cap: $33.8B
• 1 day: 0.29%
• 5 days: 0.18%
• 1 month: 6.87%
• 3 months: 13.23%
• 6 months: 13.53%
• Year to date: 17.57%
• 1 year: 39.08%
• 5 years: 219.37%
• 10 years: 617.23%
• Sector: Financials
• Industry: Insurance Agents, Brokers & Service

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

92% more first-time investments, than exits

New positions opened: 115 | Existing positions closed: 60

26% more repeat investments, than reductions

Existing positions increased: 333 | Existing positions reduced: 265

6% more funds holding in top 10

Funds holding in top 10: 18 [Q3] → 19 (+1) [Q4]

5% more funds holding

Funds holding: 804 [Q3] → 846 (+42) [Q4]

2.3% more ownership

Funds ownership: 71.92% [Q3] → 74.22% (+2.3%) [Q4]

2% more capital invested

Capital invested by funds: $21.2B [Q3] → $21.6B (+$431M) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $97 18% downside
• Avg. target: $115 3% downside
• High target: $125 6% upside

4 analyst ratings

• positive: 2 50%
• neutral: 1 25%
• negative: 1 25%

RBC Capital Scott Heleniak 73% 1-year accuracy 35 / 48 met price target	2% upside $120	Outperform Maintained	29 Jan 2025
Wells Fargo Elyse Greenspan 59% 1-year accuracy 70 / 118 met price target	6% upside $125	Overweight Maintained	29 Jan 2025
B of A Securities Joshua Shanker 58% 1-year accuracy 30 / 52 met price target	1% downside $117	Neutral Maintained	28 Jan 2025
Keefe, Bruyette & Woods Meyer Shields 68% 1-year accuracy 73 / 108 met price target	18% downside $97	Underperform Maintained	10 Jan 2025