Bank of America Cuts Brown & Brown (NYSE:BRO) Price Target to $90.00

Brown & Brown (NYSE:BRO) had its price objective reduced by Bank of America from $94.00 to $90.00 in a report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other research analysts also recently weighed in on BRO. Citigroup downgraded Brown & Brown from a “buy” rating to a “neutral” rating in a research note on Monday, November 3rd. Mizuho set a $89.00 target price on shares of Brown & Brown and gave the stock a “neutral” rating in a research note on Monday, December 15th. Barclays dropped their price target on shares of Brown & Brown from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 8th. Truist Financial cut their price objective on shares of Brown & Brown from $114.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Brown & Brown from $79.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $90.64.

Brown & Brown Trading Down 0.1%

Shares of BRO stock opened at $72.05 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 1.67 and a debt-to-equity ratio of 0.55. The firm has a market cap of $24.60 billion, a P/E ratio of 22.52, a PEG ratio of 2.16 and a beta of 0.81. The company has a 50 day moving average of $79.46 and a 200-day moving average of $87.66. Brown & Brown has a 12-month low of $71.48 and a 12-month high of $125.68.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings data on Monday, January 26th. The financial services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. Brown & Brown had a return on equity of 12.93% and a net margin of 17.84%.The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the company earned $0.86 earnings per share. Brown & Brown’s revenue was up 35.7% compared to the same quarter last year. Sell-side analysts anticipate that Brown & Brown will post 4.18 earnings per share for the current year.

Brown & Brown Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, February 4th. Brown & Brown’s payout ratio is 20.63%.

Institutional Investors Weigh In On Brown & Brown

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC increased its stake in Brown & Brown by 38.3% in the 1st quarter. AQR Capital Management LLC now owns 33,444 shares of the financial services provider’s stock worth $4,132,000 after acquiring an additional 9,264 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Brown & Brown by 5.2% during the first quarter. Focus Partners Wealth now owns 11,149 shares of the financial services provider’s stock worth $1,387,000 after purchasing an additional 547 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of Brown & Brown by 39.3% in the second quarter. TD Private Client Wealth LLC now owns 436 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 123 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Brown & Brown by 13.2% in the second quarter. State of Alaska Department of Revenue now owns 31,483 shares of the financial services provider’s stock worth $3,490,000 after purchasing an additional 3,680 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its stake in Brown & Brown by 38.9% in the second quarter. V Square Quantitative Management LLC now owns 3,776 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,057 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Brown & Brown News Summary

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

• Positive Sentiment: Management outlined a 2026 margin target of 32%–37% and projected $30M–$40M of synergies from the Accession integration — this supports medium‑term profit improvement and cost rationalization. Accession margin/synergy article
• Positive Sentiment: Argus upgraded BRO to a “hold” (less negative stance), which can limit downside from purely bearish analyst sentiment. Argus upgrade
• Neutral Sentiment: Q4 operating EPS of $0.93 beat consensus by $0.02 but revenue missed estimates — a mixed beat that reduces some concern on profitability while leaving growth questions. Q4 earnings transcript
• Negative Sentiment: Bank of America cut its price target to $90 and lowered its long‑term earnings outlook for BRO, explicitly flagging concerns after Q4 results — this is a prominent negative signal to institutional investors. BofA outlook/target cut
• Negative Sentiment: Multiple brokerages trimmed price targets (Morgan Stanley to $78, BMO to $81, Wells Fargo to $82, Jefferies and Mizuho to ~$84) and some moved to neutral/equal‑weight — the cluster of downgrades and PT cuts increases selling pressure and helped push BRO to a 12‑month low. Analyst PT cuts (Benzinga) BofA PT to $90 New 12-month low report
• Negative Sentiment: Pomerantz LLP opened an investor investigation into Brown & Brown — potential litigation and disclosure risks can increase uncertainty and weigh on the stock until resolved. Pomerantz investigation

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.