6,735 Shares in Brown & Brown, Inc. $BRO Purchased by Talon Private Wealth LLC

Talon Private Wealth LLC purchased a new stake in shares of Brown & Brown, Inc. (NYSE:BRO) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,735 shares of the financial services provider’s stock, valued at approximately $439,000.

Other hedge funds have also bought and sold shares of the company. ICONIQ Capital LLC grew its holdings in Brown & Brown by 5.4% in the second quarter. ICONIQ Capital LLC now owns 2,110 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 109 shares during the period. Zacks Investment Management boosted its position in shares of Brown & Brown by 0.7% in the 3rd quarter. Zacks Investment Management now owns 17,854 shares of the financial services provider’s stock worth $1,675,000 after purchasing an additional 125 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Brown & Brown by 13.1% in the 4th quarter. Private Trust Co. NA now owns 1,147 shares of the financial services provider’s stock worth $91,000 after buying an additional 133 shares during the last quarter. Moors & Cabot Inc. increased its position in Brown & Brown by 2.1% during the 3rd quarter. Moors & Cabot Inc. now owns 6,805 shares of the financial services provider’s stock valued at $638,000 after buying an additional 142 shares in the last quarter. Finally, Independent Advisor Alliance increased its position in Brown & Brown by 0.5% during the 4th quarter. Independent Advisor Alliance now owns 33,805 shares of the financial services provider’s stock valued at $2,694,000 after buying an additional 162 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Insider Activity at Brown & Brown

In other Brown & Brown news, Director H Palmer Proctor, Jr. acquired 2,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were purchased at an average price of $57.10 per share, for a total transaction of $114,200.00. Following the purchase, the director directly owned 47,621 shares of the company’s stock, valued at approximately $2,719,159.10. This trade represents a 4.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 13.13% of the stock is owned by insiders.

More Brown & Brown News

Here are the key news stories impacting Brown & Brown this week:

• Positive Sentiment: Mizuho raised its price target for Brown & Brown from $81 to $86 and maintained an “outperform” rating, implying approximately 15% upside from the referenced price. The revision provides a favorable catalyst and reflects confidence in the company’s growth and acquisition integration prospects. Benzinga analyst rating report
• Positive Sentiment: Second-quarter revenue increased 30.4% year over year to roughly $1.7 billion, while net income rose 24.7%. Management cited higher contingent commissions, expense leverage, recent acquisitions and Accession-related synergies as contributors to profitability. Two reported insider purchases over the past six months also provide a modest confidence signal. Brown & Brown rises after Q2 revenue jump
• Neutral Sentiment: BMO Capital Markets lifted its target from $73 to $74 but kept a “market perform” rating. The small increase indicates limited near-term upside in BMO’s view, tempering the more optimistic Mizuho upgrade. Benzinga analyst rating report
• Negative Sentiment: Brown & Brown reported adjusted earnings of $1.07 per share, narrowly missing the $1.08 consensus estimate, while revenue also fell short of expectations. Organic revenue declined 0.7%, highlighting continued dependence on acquisitions and creating concerns about underlying demand and margin performance. Brown & Brown Q2 earnings miss estimates
• Neutral Sentiment: Dimensional Fund Advisors trimmed its Brown & Brown position by 0.7% in the first quarter, retaining a stake valued at approximately $111.6 million. The small reduction is unlikely to materially affect the investment case. Dimensional Fund Advisors Brown & Brown stake

Brown & Brown Price Performance

Shares of BRO opened at $74.85 on Thursday. The firm has a market cap of $25.05 billion, a PE ratio of 23.61, a P/E/G ratio of 3.40 and a beta of 0.60. The company has a current ratio of 2.11, a quick ratio of 1.64 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $63.16 and a two-hundred day simple moving average of $66.50. Brown & Brown, Inc. has a 1-year low of $53.81 and a 1-year high of $98.30.

Brown & Brown (NYSE:BRO) last released its quarterly earnings results on Monday, July 27th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Brown & Brown had a return on equity of 13.17% and a net margin of 17.75%.The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share. On average, equities analysts anticipate that Brown & Brown, Inc. will post 4.5 EPS for the current year.

Brown & Brown Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 12th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 12th. Brown & Brown’s payout ratio is currently 20.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Mizuho boosted their target price on Brown & Brown from $81.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday. Truist Financial set a $90.00 price target on Brown & Brown in a report on Wednesday. BMO Capital Markets upped their price target on shares of Brown & Brown from $73.00 to $74.00 and gave the stock a “market perform” rating in a research note on Wednesday. The Goldman Sachs Group increased their price objective on shares of Brown & Brown from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Finally, UBS Group reaffirmed a “neutral” rating and issued a $73.00 target price (up from $65.00) on shares of Brown & Brown in a report on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Brown & Brown currently has a consensus rating of “Hold” and a consensus target price of $79.06.

Brown & Brown Profile

Brown & Brown, Inc (NYSE: BRO) is a professional insurance brokerage and risk advisory firm that provides a broad range of property and casualty, employee benefits, personal risk, and specialty insurance products. The company works with commercial, public sector and individual clients to design and place insurance programs, manage claims and loss control, and deliver risk management consulting. Its services also include wholesale brokerage, program administration and other specialty distribution solutions that connect carriers and intermediaries to niche markets.

Brown & Brown operates through a decentralized model of operating units and subsidiaries, enabling local client service with the scale to access national and specialty markets.