State of New Jersey Common Pension Fund D Has $9.75 Million Stake in Brown & Brown, Inc. $BRO

State of New Jersey Common Pension Fund D grew its position in Brown & Brown, Inc. (NYSE:BRO) by 30.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 103,914 shares of the financial services provider’s stock after purchasing an additional 24,205 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Brown & Brown were worth $9,746,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC acquired a new position in shares of Brown & Brown in the 2nd quarter valued at about $30,000. Cornerstone Planning Group LLC lifted its stake in Brown & Brown by 423.1% in the third quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock valued at $26,000 after buying an additional 220 shares during the period. Motco bought a new position in shares of Brown & Brown during the 2nd quarter worth approximately $32,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Brown & Brown during the 2nd quarter worth approximately $49,000. Finally, Evelyn Partners Investment Management LLP acquired a new position in shares of Brown & Brown during the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analysts Set New Price Targets

BRO has been the topic of several research reports. Wolfe Research assumed coverage on shares of Brown & Brown in a report on Thursday, November 20th. They set a “peer perform” rating on the stock. UBS Group reiterated a “neutral” rating and issued a $81.00 target price (down previously from $90.00) on shares of Brown & Brown in a research note on Thursday, January 29th. Barclays dropped their price target on shares of Brown & Brown from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 27th. Raymond James Financial reiterated an “outperform” rating on shares of Brown & Brown in a research note on Monday, November 3rd. Finally, Morgan Stanley dropped their target price on Brown & Brown from $85.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.36.

Brown & Brown News Roundup

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

• Positive Sentiment: Acquisition expands dealer-focused product set and distribution: Brown & Brown Dealer Services acquired the assets of American Adventure Insurance (serves ~1,500 dealerships), adding vehicle, F&I and commercial dealer solutions — a strategic bolt-on that can drive incremental revenue and strengthen cross-sell opportunities. Acquisition Release
• Positive Sentiment: Leadership hire strengthens tech and integration capability: Brown & Brown named Dorothea (“Dori”) Henderson as Chief Information Technology Officer to accelerate data/AI strategy, system reliability and technology support for acquisitions — helps execution on scaling and operational efficiency. CTO Appointment
• Positive Sentiment: Dividend reliability supports investor demand: Coverage notes Brown & Brown’s inclusion among long-term dividend growers (32 years of increases, recent 10% raise), which appeals to income and conservative investors. Dividend Article
• Neutral Sentiment: Industry commentary: Management sees improving conditions for prepared buyers in 2026 — useful context for M&A appetite but not a direct near-term catalyst. Market Trends
• Negative Sentiment: Shareholder litigation risk: Two plaintiff firms (Edelson Lechtzin LLP and Pomerantz LLP) announced investigations alleging potentially misleading disclosures — these inquiries can increase legal costs, create management distraction and pressure the share price if they lead to claims or restatements. Edelson Lechtzin Investigation Pomerantz Investigation
• Negative Sentiment: Analyst pressure: Wells Fargo trimmed its price target to $78 — a downgrade of near-term sentiment that can weigh on momentum and set lower expectations for upside. Wells Fargo Price Target Cut

Brown & Brown Stock Performance

Shares of BRO stock opened at $68.83 on Wednesday. The firm has a market capitalization of $23.43 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 2.07 and a beta of 0.79. The stock has a fifty day moving average of $77.01 and a 200 day moving average of $84.67. Brown & Brown, Inc. has a 52 week low of $65.68 and a 52 week high of $125.68. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55.

Brown & Brown (NYSE:BRO) last announced its earnings results 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. Brown & Brown had a net margin of 17.84% and a return on equity of 12.93%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The company’s revenue for the quarter was up 35.7% compared to the same quarter last year. As a group, research analysts expect that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Brown & Brown Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, February 4th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, February 4th. Brown & Brown’s dividend payout ratio is presently 20.63%.

Brown & Brown Company 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.