Talon Private Wealth LLC Purchases Shares of 6,735 Brown & Brown, Inc. $BRO

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

Several other institutional investors have also recently made changes to their positions in BRO. AQR Capital Management LLC lifted its position in shares of Brown & Brown by 38.3% during the 1st quarter. AQR Capital Management LLC now owns 33,444 shares of the financial services provider’s stock valued at $4,132,000 after buying an additional 9,264 shares in the last quarter. Focus Partners Wealth increased its holdings in Brown & Brown by 5.2% in the 1st quarter. Focus Partners Wealth now owns 11,149 shares of the financial services provider’s stock worth $1,387,000 after acquiring an additional 547 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Brown & Brown by 1,824.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 53,103 shares of the financial services provider’s stock worth $5,888,000 after acquiring an additional 50,344 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Brown & Brown by 27.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 223 shares during the period. Finally, Cary Street Partners Financial LLC raised its stake in Brown & Brown by 60.9% during the 2nd quarter. Cary Street Partners Financial LLC now owns 933 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 353 shares during the period. Institutional investors own 71.01% of the company’s stock.

Brown & Brown Trading Up 1.6%

BRO stock opened at $74.85 on Thursday. The firm has a fifty day moving average price of $63.16 and a 200 day moving average price of $66.50. Brown & Brown, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $98.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.64 and a current ratio of 2.11. The firm has a market cap of $25.05 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 3.40 and a beta of 0.60.

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

Brown & Brown Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 12th will be given a $0.165 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $0.66 annualized dividend and a yield of 0.9%. Brown & Brown’s dividend payout ratio (DPR) is currently 20.82%.

Brown & Brown News Summary

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BRO. Royal Bank Of Canada reissued a “sector perform” rating on shares of Brown & Brown in a research note on Wednesday. Jefferies Financial Group reissued a “hold” rating on shares of Brown & Brown in a report on Wednesday. Citigroup lowered Brown & Brown from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $70.00 to $79.00 in a research note on Wednesday. Morgan Stanley downgraded Brown & Brown from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $60.00 to $55.00 in a research note on Monday, July 6th. Finally, Weiss Ratings downgraded Brown & Brown from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $79.06.

Insiders Place Their Bets

In related news, Director H Palmer Proctor, Jr. acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were acquired at an average cost of $57.10 per share, for a total transaction of $114,200.00. Following the completion of the transaction, the director directly owned 47,621 shares in the company, valued at approximately $2,719,159.10. This trade represents a 4.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.13% of the stock is owned by insiders.

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.