Inside the research
Brown & Brown, Inc.
BRO Research profile · latest available data
Price overview
$60.82
▲ +0.49 (+0.8%)
| 52w hi | $95.04 |
|---|---|
| 52w lo | $54.25 |
| Vol | 2.00M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.10
| Short | -0.27 |
|---|---|
| Medium | -0.10 |
| Long | +0.22 |
computed 2026-09-27
Key fundamentals
Brown & Brown, Inc.
Financial Services · Insurance Brokers
| Market cap | $20.35B |
|---|---|
| Enterprise value | $27.52B |
| Trailing P/E | 19.43x |
| Forward P/E | 12.60x |
| EV / EBITDA | 9.52x |
| P / S (ttm) | 3.05x |
| Profit margin | 18.1% |
| Return on equity | 10.0% |
| Revenue growth | +32.4% |
| Earnings growth | +7.1% |
| Debt / equity | 63.98 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.33 | |
| Sector | +0.02 | |
| Technical | -0.20 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally. It operates through Retail and Specialty Distribution segments. The Retail segment provides property and casualty insurance products, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control surveys and analysis, consulting, and claims processing services. This segment also offers non-insurance services and products through automobile and recreational vehicle dealer services businesses. It serves commercial, public and quasi-public entities, professionals, and individual customers. The Specialty Distribution segment comprises wholesale brokerage and specialty businesses. This segment offers professional liability and related package insurance products for dentistry, legal, eyecare, financial services, physicians, and real estate title professionals, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also provides public entity-related and specialty programs through a network of independent agents, as well as program management services for insurance carrier partners. In addition, the company's wholesale brokerage businesses underwrite and place excess and surplus commercial and personal lines insurance through independent agents and brokers. Its program businesses operate under the Arrowhead Programs name. The company was formerly known as Poe & Brown, Inc. and changed its name to Brown & Brown, Inc. in April 1999. Brown & Brown, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.
Risk Metrics
| Beta vs SPX | 0.20 |
|---|---|
| Corr SPX | 0.12 |
| Annual vol | 27.6% |
| Annual ret | -21.5% |
| Sharpe | -0.78 |
| Max DD | -56.3% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $73.80 |
|---|---|
| High / Low | $90.00 / $65.00 |
| Median | $72.00 |
| Analysts | 15 |
| Strong Buy | 1 | |
|---|---|---|
| Buy | 3 | |
| Hold | 14 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-06 | Citigroup | → Buy |
| 2026-04-29 | Wells Fargo | → Equal-Weight |
| 2026-04-29 | Truist Securities | → Buy |
| 2026-04-29 | RBC Capital | → Sector Perform |
| 2026-04-29 | Keefe, Bruyette & Woods | → Market Perform |
| 2026-04-14 | B of A Securities | → Neutral |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-10 | Officer / Director Change | read |
| 2026-07-27 | Earnings Release, Exhibits | read |
| 2026-06-05 | Material Agreement, Material Obligation | read |
| 2026-05-07 | Officer / Director Change, Shareholder Vote | read |
| 2026-04-27 | Earnings Release, Exhibits | read |
| 2026-04-09 | Reg FD Disclosure, Exhibits | read |
| 2026-03-04 | Officer / Director Change, Exhibits | read |
| 2026-03-02 | Reg FD Disclosure, Exhibits | read |
| 2026-01-26 | Earnings Release, Exhibits | read |
| 2025-10-27 | Earnings Release, Exhibits | read |
| 2025-10-20 | Officer / Director Change | read |
| 2025-08-22 | Earnings Release, Reg FD Disclosure… | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 10 |
| Top-5 share | 96.4% |
| HHI | 2,877 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $1.18B | 18.41M |
| State Street Corp | $931.08M | 14.51M |
| Norges Bank (Norway sovereign) | $752.32M | 11.73M |
| Capital Research / Capital World | $108.53M | 1.69M |
| AQR Capital Management | $61.13M | 963.78K |
| Renaissance Technologies | $58.00M | 904.20K |
| Citadel Advisors | $50.47M | 786.79K |
| Millennium Management | $2.75M | 42.79K |
| Bridgewater Associates | $1.16M | 18.02K |
| T. Rowe Price Group | $34.84K | 543.17K |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.54% |
|---|---|
| $ / share (TTM) | $0.33 |
| 5y CAGR | +12.1% |
Annual dividend per share
| 2021 | $0.38 |
|---|---|
| 2022 | $0.42 |
| 2023 | $0.48 |
| 2024 | $0.54 |
| 2025 | $0.61 |
| 2026 | $0.17 |
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $5.90B | +12.8% | |
| Net income | $1.05B | +13.3% | |
| Cash from ops | $1.45B | +17.2% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $60.14 | $61.72 | $60.14 | $60.82 | 2.00M |
| Sep 24 | $62.11 | $62.43 | $60.17 | $60.33 | 1.81M |
| Sep 23 | $61.41 | $62.48 | $61.41 | $61.70 | 2.49M |
| Sep 22 | $64.65 | $64.65 | $61.45 | $62.44 | 3.72M |
| Sep 21 | $65.11 | $65.73 | $64.14 | $64.30 | 2.33M |
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