Redwood Grove Capital LLC Boosts Stake in Brown & Brown, Inc. $BRO

Redwood Grove Capital LLC lifted its position in Brown & Brown, Inc. (NYSE:BRO) by 26.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 116,400 shares of the financial services provider’s stock after acquiring an additional 24,400 shares during the period. Brown & Brown accounts for about 2.4% of Redwood Grove Capital LLC’s investment portfolio, making the stock its 19th largest holding. Redwood Grove Capital LLC’s holdings in Brown & Brown were worth $7,590,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BRO. EdgePoint Investment Group Inc. bought a new stake in shares of Brown & Brown during the first quarter valued at approximately $7,401,000. Empowered Funds LLC grew its stake in Brown & Brown by 30.5% in the first quarter. Empowered Funds LLC now owns 28,905 shares of the financial services provider’s stock worth $1,885,000 after purchasing an additional 6,764 shares during the period. Quantinno Capital Management LP raised its holdings in Brown & Brown by 43.2% in the first quarter. Quantinno Capital Management LP now owns 161,907 shares of the financial services provider’s stock worth $10,558,000 after purchasing an additional 48,870 shares in the last quarter. Delta Global Management LP raised its holdings in Brown & Brown by 17.6% in the first quarter. Delta Global Management LP now owns 30,835 shares of the financial services provider’s stock worth $2,011,000 after purchasing an additional 4,607 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its position in Brown & Brown by 2.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 127,485 shares of the financial services provider’s stock valued at $8,313,000 after buying an additional 2,814 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Brown & Brown Stock Up 5.7%

Shares of NYSE:BRO opened at $73.65 on Wednesday. The stock has a fifty day simple moving average of $62.81 and a two-hundred day simple moving average of $66.54. The stock has a market capitalization of $24.96 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 3.22 and a beta of 0.60. Brown & Brown, Inc. has a 12-month low of $53.81 and a 12-month high of $98.30. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.52.

Brown & Brown (NYSE:BRO) last released its earnings results 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 return on equity of 13.19% and a net margin of 17.75%.The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted $1.03 earnings per share. The company’s revenue was up 30.4% compared to the same quarter last year. On average, research analysts anticipate that Brown & Brown, Inc. will post 4.5 earnings per share for the current fiscal year.

Brown & Brown Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BRO. Royal Bank Of Canada dropped their target price on shares of Brown & Brown from $76.00 to $72.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 29th. UBS Group reiterated a “neutral” rating and issued a $73.00 price target (up from $65.00) on shares of Brown & Brown in a research note on Wednesday, July 8th. Raymond James Financial reissued an “outperform” rating on shares of Brown & Brown in a research report on Friday, June 26th. Barclays boosted their price objective on shares of Brown & Brown from $72.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Mizuho upped their price objective on shares of Brown & Brown from $74.00 to $81.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $78.62.

Insider Activity

In other news, Director H Palmer Proctor, Jr. purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were bought 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 13.13% of the stock is currently owned by corporate insiders.

Trending Headlines about Brown & Brown

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

• Positive Sentiment: Second-quarter revenue rose 30.4% year over year to $1.676 billion, while net income attributable to Brown & Brown increased 24.7% to $288 million. Adjusted diluted EPS climbed 3.9% to $1.07, supported by higher contingent commissions, expense leverage, recent acquisitions and Accession-related synergies. Brown & Brown Rises After Q2 Revenue Jump and Acquisition Synergy Hopes
• Positive Sentiment: Management said it has strong momentum heading into the second half of 2026. Adjusted EBITDAC increased 27% to $598 million, suggesting the enlarged platform is producing meaningful operating benefits even as integration continues. Brown & Brown Q2 2026 Earnings Call Transcript
• Positive Sentiment: Six-month revenue reached $3.577 billion, up 33%, and operating cash flow totaled $608 million. Two reported insider transactions over the past six months were purchases, providing a modest supportive signal.
• Neutral Sentiment: Analyst price targets are mixed, with recent targets ranging from $55 to $81 and a median near the low-$70s, indicating limited consensus on upside after the move.
• Negative Sentiment: Adjusted EPS narrowly missed the $1.08 consensus estimate, while revenue of $1.65 billion also trailed the $1.71 billion forecast. Brown & Brown Q2 Earnings and Revenues Lag Estimates
• Negative Sentiment: Organic revenue declined 0.7%, or increased only 0.7% including contingents, highlighting weak core growth beneath the acquisition-led expansion. Adjusted EBITDAC margin also narrowed to 35.7% from 36.7%, reflecting integration, amortization and higher interest costs.

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.