Cim LLC Has $989,000 Position in Brown & Brown, Inc. $BRO

Cim LLC lowered its holdings in Brown & Brown, Inc. (NYSE:BRO) by 55.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,163 shares of the financial services provider’s stock after selling 19,133 shares during the quarter. Cim LLC’s holdings in Brown & Brown were worth $989,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Triad Investment Management acquired a new stake in Brown & Brown in the 4th quarter valued at $4,314,000. PFA Pension Forsikringsaktieselskab bought a new stake in Brown & Brown in the fourth quarter valued at $46,226,000. Vest Financial LLC raised its stake in Brown & Brown by 3.7% during the fourth quarter. Vest Financial LLC now owns 552,994 shares of the financial services provider’s stock worth $44,074,000 after acquiring an additional 19,503 shares in the last quarter. Barr E S & Co. raised its stake in Brown & Brown by 19.0% during the fourth quarter. Barr E S & Co. now owns 362,669 shares of the financial services provider’s stock worth $28,905,000 after acquiring an additional 57,971 shares in the last quarter. Finally, Rathbones Group PLC lifted its holdings in shares of Brown & Brown by 23.4% during the fourth quarter. Rathbones Group PLC now owns 980,954 shares of the financial services provider’s stock valued at $78,182,000 after acquiring an additional 186,251 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

More Brown & Brown News

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

Analyst Ratings Changes

Several brokerages have recently commented on BRO. Wells Fargo & Company reduced their target price on shares of Brown & Brown from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 9th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Brown & Brown in a research report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Brown & Brown from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Barclays boosted their price target on shares of Brown & Brown from $72.00 to $76.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Finally, Truist Financial set a $90.00 price objective on shares of Brown & Brown in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $79.06.

Insider Buying and Selling at Brown & Brown

In other Brown & Brown news, Director H Palmer Proctor, Jr. acquired 2,000 shares of the business’s stock in a transaction that occurred 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 acquisition, the director directly owned 47,621 shares of the company’s stock, valued at approximately $2,719,159.10. This represents a 4.38% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.13% of the stock is currently owned by company insiders.

Brown & Brown Price Performance

Brown & Brown stock opened at $74.85 on Thursday. The business’s 50-day simple moving average is $63.16 and its 200 day simple moving average is $66.50. The company has a quick ratio of 1.64, a current ratio of 2.11 and a debt-to-equity ratio of 0.58. The stock has a market cap of $25.05 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 3.40 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.

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

Brown & Brown Dividend Announcement

The firm 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 dividend of $0.165 per share. The ex-dividend date is Wednesday, August 12th. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. Brown & Brown’s payout ratio is currently 20.82%.

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.