Summit Global Investments Takes Position in Brown & Brown, Inc. $BRO

Summit Global Investments purchased a new position in shares of Brown & Brown, Inc. (NYSE:BRO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,666 shares of the financial services provider’s stock, valued at approximately $719,000.

Other hedge funds have also added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new stake in Brown & Brown during the second quarter worth $30,000. Motco acquired a new position in shares of Brown & Brown during the 2nd quarter worth $32,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Brown & Brown during the 2nd quarter worth $49,000. Horizon Bancorp Inc. IN acquired a new stake in Brown & Brown in the second quarter valued at about $50,000. Finally, Evelyn Partners Investment Management LLP bought a new position in Brown & Brown in the second quarter valued at about $52,000. 71.01% of the stock is owned by institutional investors.

Brown & Brown Price Performance

Shares of NYSE:BRO opened at $72.09 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.10 and a current ratio of 1.67. Brown & Brown, Inc. has a 52 week low of $71.32 and a 52 week high of $125.68. The firm has a market cap of $24.61 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.81. The firm’s fifty day moving average is $79.29 and its 200-day moving average is $87.28.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings data on Monday, January 26th. The financial services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.65 billion. Brown & Brown had a return on equity of 12.93% and a net margin of 17.84%.Brown & Brown’s quarterly revenue was up 35.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share. Sell-side analysts predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Brown & Brown Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th will be given 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, February 4th. Brown & Brown’s dividend payout ratio (DPR) is 20.63%.

Trending Headlines about Brown & Brown

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

• Positive Sentiment: Keefe, Bruyette & Woods upgraded BRO from “underperform” to “market perform” (price target lowered to $73), a sign some analysts view downside as limited after recent weakness. Article Title
• Positive Sentiment: Argus upgraded the stock to a “hold,” which could provide modest support as some investors interpret upgrades as a floor for further selling. Article Title
• Neutral Sentiment: Q4 results were mixed: EPS $0.93 beat consensus $0.91, while revenue of $1.61B missed estimates (~$1.65B). EPS growth was solid year-over-year, but the revenue miss and management commentary appear to have prompted downward revisions from some analysts.
• Negative Sentiment: Bank of America lowered its long-term earnings outlook and cut its price target to $90 (from $94), citing Q4 results as the catalyst for lower forward assumptions—this reduces analyst confidence in near-term growth. Article Title
• Negative Sentiment: Mizuho lowered its expectations for BRO, further signaling analyst skepticism about upside following Q4. Article Title
• Negative Sentiment: Morgan Stanley cut its price target to $78 (now equal weight), reducing the consensus view of upside and suggesting more limited near-term appreciation. Article Title
• Negative Sentiment: BMO Capital Markets lowered its price target to $81 and placed a “market perform” rating, another downward revision tightening analyst price expectations. Article Title
• Negative Sentiment: Pomerantz LLP announced an investor investigation into Brown & Brown, which raises legal/settlement risk and can pressure the stock while the probe proceeds. Article Title
• Negative Sentiment: Coverage noted BRO reached a new 12-month low after recent analyst downgrades, reflecting the cumulative impact of cuts and the investigation on investor sentiment. Article Title

Wall Street Analyst Weigh In

BRO has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of Brown & Brown from $84.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Wednesday. UBS Group reissued a “neutral” rating and issued a $81.00 price objective (down previously from $90.00) on shares of Brown & Brown in a research note on Thursday. BMO Capital Markets decreased their target price on shares of Brown & Brown from $88.00 to $81.00 and set a “market perform” rating on the stock in a research note on Thursday. Bank of America lowered their price target on shares of Brown & Brown from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, January 27th. Finally, Jefferies Financial Group cut their price objective on Brown & Brown from $89.00 to $84.00 and set a “hold” rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, Brown & Brown currently has an average rating of “Hold” and a consensus price target of $90.64.

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.