Brown & Brown, Inc. $BRO Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc cut its position in Brown & Brown, Inc. (NYSE:BRO) by 21.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,260 shares of the financial services provider’s stock after selling 21,708 shares during the period. CIBC Asset Management Inc’s holdings in Brown & Brown were worth $7,246,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new stake in Brown & Brown in the third quarter valued at approximately $1,106,000. GHP Investment Advisors Inc. purchased a new stake in shares of Brown & Brown in the 3rd quarter valued at $6,569,000. Davidson Kahn Capital Management LLC boosted its holdings in shares of Brown & Brown by 61.1% in the 3rd quarter. Davidson Kahn Capital Management LLC now owns 25,468 shares of the financial services provider’s stock valued at $2,389,000 after acquiring an additional 9,658 shares during the last quarter. Resona Asset Management Co. Ltd. increased its stake in shares of Brown & Brown by 0.3% in the third quarter. Resona Asset Management Co. Ltd. now owns 128,228 shares of the financial services provider’s stock worth $12,001,000 after acquiring an additional 431 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Brown & Brown by 13.4% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 551,609 shares of the financial services provider’s stock worth $51,735,000 after purchasing an additional 65,139 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Brown & Brown

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

• Positive Sentiment: Q4 total revenues jumped to ~$1.6B (≈+35.7% YoY) and full-year revenues rose to ~$5.9B, driven largely by the Accession acquisition — a clear top-line catalyst. GlobeNewswire release
• Positive Sentiment: Management’s adjusted metric beat: Diluted Net Income Per Share — Adjusted was $0.93, topping the consensus (~$0.91) and supporting the view that underlying operations expanded. Zacks: earnings beat
• Positive Sentiment: EBITDAC and adjusted EBITDAC rose materially (Q4 and FY), and adjusted EBITDAC margin expanded — signaling improved operating performance on an adjusted basis. Quiver summary
• Neutral Sentiment: Reuters and other outlets note growth in commissions/fees as the driver of the profit increase — useful confirmation but largely reiterative of the release. Reuters: profit rise
• Neutral Sentiment: Analyst coverage remains mixed (recent buys and an underperform); median 6‑month target ~ $90 — watch for post-release updates that could move estimates. Benzinga: analyst note
• Negative Sentiment: GAAP diluted EPS of $0.59 missed the consensus and fell ~19% YoY — the headline EPS shortfall tempers the positive adjusted message and likely prompted some profit‑taking. Quiver: EPS miss
• Negative Sentiment: Organic revenue declined ~2.8% in Q4 and income‑before‑tax margin contracted (20.0% vs 23.2% prior year), raising questions about core underlying growth absent acquisitions. GlobeNewswire: organic decline
• Negative Sentiment: Balance-sheet effects: long‑term debt rose substantially after acquisition financing (and cash used for the Accession transaction was large) — watch leverage and interest expense as potential headwinds. GlobeNewswire: balance sheet
• Negative Sentiment: Management team news: the company announced the passing of Chief Legal Officer Robert Mathis — operationally low impact but a leadership change to monitor. GlobeNewswire: CL officer passing

Brown & Brown Stock Up 0.6%

Shares of BRO opened at $79.64 on Tuesday. The firm has a market cap of $27.19 billion, a P/E ratio of 23.85, a PEG ratio of 1.85 and a beta of 0.81. Brown & Brown, Inc. has a 12 month low of $76.17 and a 12 month high of $125.68. The stock’s 50 day moving average is $79.86 and its two-hundred day moving average is $88.11. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.62.

Brown & Brown (NYSE:BRO) last announced its earnings results on Monday, January 26th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Brown & Brown had a return on equity of 13.64% and a net margin of 18.23%.The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm posted $0.86 EPS. The business’s revenue was up 35.7% on a year-over-year basis. Analysts predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Wednesday, February 4th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, February 4th. Brown & Brown’s dividend payout ratio (DPR) is presently 19.76%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Bank of America reaffirmed a “neutral” rating and issued a $97.00 price target (down from $135.00) on shares of Brown & Brown in a report on Monday, November 3rd. Keefe, Bruyette & Woods upped their target price on Brown & Brown from $79.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. began coverage on Brown & Brown in a report on Thursday, December 18th. They set a “neutral” rating and a $91.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Brown & Brown in a report on Monday, December 29th. Finally, Truist Financial dropped their price objective on shares of Brown & Brown from $114.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $98.67.

About Brown & Brown

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.