Hsbc Holdings PLC Purchases 21,643 Shares of Brown & Brown, Inc. $BRO

Posted by Stanley Muller on Jun 24th, 2026

Hsbc Holdings PLC raised its position in shares of Brown & Brown, Inc. (NYSE:BRO – Free Report) by 3.7% during the fourth quarter, HoldingsChannel reports. The firm owned 610,737 shares of the financial services provider’s stock after purchasing an additional 21,643 shares during the period. Hsbc Holdings PLC’s holdings in Brown & Brown were worth $48,744,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. ICONIQ Capital LLC raised its holdings in shares of Brown & Brown by 5.4% during the 2nd quarter. ICONIQ Capital LLC now owns 2,110 shares of the financial services provider’s stock valued at $234,000 after buying an additional 109 shares in the last quarter. Zacks Investment Management boosted its stake in Brown & Brown by 0.7% in the third quarter. Zacks Investment Management now owns 17,854 shares of the financial services provider’s stock worth $1,675,000 after buying an additional 125 shares in the last quarter. Private Trust Co. NA boosted its stake in Brown & Brown by 13.1% in the fourth quarter. Private Trust Co. NA now owns 1,147 shares of the financial services provider’s stock worth $91,000 after buying an additional 133 shares in the last quarter. Moors & Cabot Inc. grew its position in Brown & Brown by 2.1% during the third quarter. Moors & Cabot Inc. now owns 6,805 shares of the financial services provider’s stock valued at $638,000 after acquiring an additional 142 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its position in Brown & Brown by 1.7% during the third quarter. Aptus Capital Advisors LLC now owns 9,491 shares of the financial services provider’s stock valued at $890,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Insider Activity at Brown & Brown

In other news, Director H Palmer Proctor, Jr. acquired 2,000 shares of the stock in a transaction dated Tuesday, May 5th. The stock was purchased at an average cost of $57.10 per share, with a total value of $114,200.00. Following the completion of the purchase, the director owned 47,621 shares in the company, valued at approximately $2,719,159.10. The trade was a 4.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.13% of the company’s stock.

Brown & Brown Stock Up 4.0%

Shares of Brown & Brown stock opened at $60.56 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. Brown & Brown, Inc. has a 52-week low of $53.81 and a 52-week high of $111.10. The stock has a market capitalization of $20.53 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 2.68 and a beta of 0.63. The company’s 50 day moving average price is $60.11 and its 200-day moving average price is $68.74.

Brown & Brown (NYSE:BRO – Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.03. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. Brown & Brown had a net margin of 17.94% and a return on equity of 12.94%. The firm’s revenue was up 35.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 EPS. Equities research analysts forecast that Brown & Brown, Inc. will post 4.51 EPS for the current year.

Brown & Brown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Monday, May 11th were given a $0.165 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.1%. Brown & Brown’s payout ratio is presently 21.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BRO shares. Weiss Ratings restated a “hold (c-)” rating on shares of Brown & Brown in a report on Tuesday, June 9th. Citigroup initiated coverage on shares of Brown & Brown in a research report on Thursday, May 21st. They issued a “market outperform” rating on the stock. Wells Fargo & Company lowered their price target on shares of Brown & Brown from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Citizens Jmp began coverage on shares of Brown & Brown in a research report on Thursday, May 21st. They set a “market outperform” rating and a $70.00 price target for the company. Finally, Mizuho reduced their price objective on Brown & Brown from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $78.44.

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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.