Oppenheimer Asset Management Inc. Makes New Investment in Brown & Brown, Inc. $BRO

Posted by Geri Gentry on Aug 18th, 2026

Oppenheimer Asset Management Inc. bought a new position in Brown & Brown, Inc. (NYSE:BRO – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,748 shares of the financial services provider’s stock, valued at approximately $561,000.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in Brown & Brown by 38.3% during the first 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 period. Focus Partners Wealth increased its position in shares of Brown & Brown by 5.2% during the 1st quarter. Focus Partners Wealth now owns 11,149 shares of the financial services provider’s stock valued at $1,387,000 after purchasing an additional 547 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Brown & Brown by 1,824.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 53,103 shares of the financial services provider’s stock valued at $5,888,000 after purchasing an additional 50,344 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Brown & Brown by 27.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 223 shares during the period. Finally, Cary Street Partners Financial LLC raised its stake in shares of Brown & Brown by 60.9% during the 2nd quarter. Cary Street Partners Financial LLC now owns 933 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 353 shares during the period. 71.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BRO has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of Brown & Brown from $69.00 to $68.00 and set an “equal weight” rating for the company in a research report on Thursday, July 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Brown & Brown in a research report on Wednesday, July 29th. Morgan Stanley downgraded shares of Brown & Brown from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $60.00 to $55.00 in a research report on Monday, July 6th. BMO Capital Markets increased their target price on shares of Brown & Brown from $73.00 to $74.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group raised their price target on shares of Brown & Brown from $62.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $76.47.

View Our Latest Research Report on BRO

Brown & Brown Trading Down 2.5%

Shares of BRO opened at $68.77 on Tuesday. The business’s 50-day moving average price is $66.73 and its 200-day moving average price is $65.76. Brown & Brown, Inc. has a twelve month low of $53.81 and a twelve month high of $98.30. The stock has a market cap of $23.01 billion, a PE ratio of 21.69, a P/E/G ratio of 3.52 and a beta of 0.59. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.58.

Brown & Brown (NYSE:BRO – Get Free Report) last released its quarterly earnings data on Monday, July 27th. The financial services provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.71 billion. Brown & Brown had a net margin of 17.75% and a return on equity of 13.17%. Brown & Brown’s revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. On average, equities analysts forecast that Brown & Brown, Inc. will post 4.5 EPS for the current fiscal year.

Brown & Brown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 12th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $0.66 annualized dividend and a yield of 1.0%. Brown & Brown’s dividend payout ratio is currently 20.82%.

Brown & Brown 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.