Mangrove Partners IM LLC Takes Position in Brown & Brown, Inc. $BRO

Posted by Francis Steltz on Jun 17th, 2026

Mangrove Partners IM LLC purchased a new stake in shares of Brown & Brown, Inc. (NYSE:BRO – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 12,556 shares of the financial services provider’s stock, valued at approximately $1,001,000.

Several other institutional investors have also recently made changes to their positions in the company. Triad Investment Management purchased a new position in Brown & Brown during the fourth quarter valued at approximately $4,314,000. Vanguard Group Inc. lifted its holdings in Brown & Brown by 4.8% during the third quarter. Vanguard Group Inc. now owns 37,330,892 shares of the financial services provider’s stock worth $3,501,264,000 after buying an additional 1,705,570 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new stake in Brown & Brown during the fourth quarter worth $46,226,000. Vest Financial LLC lifted its holdings 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 buying an additional 19,503 shares during the period. Finally, Capital World Investors lifted its holdings in Brown & Brown by 81.1% during the third quarter. Capital World Investors now owns 17,479,389 shares of the financial services provider’s stock worth $1,639,392,000 after buying an additional 7,827,992 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Brown & Brown Price Performance

Shares of NYSE BRO opened at $59.66 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market cap of $20.22 billion, a PE ratio of 19.18, a P/E/G ratio of 2.73 and a beta of 0.63. The business has a 50-day simple moving average of $60.85 and a two-hundred day simple moving average of $69.49. Brown & Brown, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $111.10.

Brown & Brown (NYSE:BRO – Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.03. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. Brown & Brown had a return on equity of 12.94% and a net margin of 17.94%.The company’s quarterly revenue was up 35.4% on a year-over-year basis. During the same quarter last year, the company earned $1.29 earnings per share. As a group, equities analysts expect that Brown & Brown, Inc. will post 4.51 EPS for the current fiscal year.

Brown & Brown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Monday, May 11th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, May 11th. Brown & Brown’s dividend payout ratio (DPR) is currently 21.22%.

Wall Street Analysts Forecast Growth

BRO has been the subject of a number of analyst reports. Royal Bank Of Canada lowered their target price on Brown & Brown from $76.00 to $72.00 and set a “sector perform” rating for the company in a report on Wednesday, April 29th. Truist Financial dropped their price objective on Brown & Brown from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods dropped their price objective on Brown & Brown from $74.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Brown & Brown in a research report on Tuesday, June 9th. Finally, Wells Fargo & Company dropped their price objective on Brown & Brown from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, Brown & Brown presently has a consensus rating of “Hold” and an average price target of $78.44.

View Our Latest Stock Report on Brown & Brown

Insiders Place Their Bets

In other Brown & Brown news, Director H Palmer Proctor, Jr. purchased 2,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was acquired at an average price of $57.10 per share, with a total value of $114,200.00. Following the completion of the acquisition, the director owned 47,621 shares in the company, valued at $2,719,159.10. The trade was a 4.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 13.13% of the company’s stock.

Brown & Brown Company Profile

(Free Report)

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.