Brown & Brown, Inc. $BRO Shares Acquired by Ethic Inc.

Posted by Brian Himes on Nov 10th, 2026

Ethic Inc. increased its stake in shares of Brown & Brown, Inc. (NYSE:BRO – Free Report) by 130.1% in the third quarter, HoldingsChannel reports. The firm owned 93,338 shares of the financial services provider’s stock after buying an additional 52,776 shares during the quarter. Ethic Inc.’s holdings in Brown & Brown were worth $5,998,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. raised its position in shares of Brown & Brown by 84.7% in the third quarter. Westside Investment Management Inc. now owns 399 shares of the financial services provider’s stock valued at $25,000 after buying an additional 183 shares during the last quarter. CX Institutional raised its holdings in Brown & Brown by 3.1% in the 3rd quarter. CX Institutional now owns 6,242 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 189 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Brown & Brown by 0.9% during the 1st quarter. Cetera Investment Advisers now owns 36,804 shares of the financial services provider’s stock worth $2,400,000 after purchasing an additional 311 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Brown & Brown by 39.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,288 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 364 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Brown & Brown by 14.0% during the 1st quarter. Parallel Advisors LLC now owns 3,077 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 377 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group restated a “hold” rating on shares of Brown & Brown in a report on Wednesday, July 29th. Truist Financial dropped their target price on Brown & Brown from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Mizuho reduced their target price on Brown & Brown from $83.00 to $78.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. UBS Group decreased their price target on Brown & Brown from $73.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, November 2nd. Finally, TD Cowen initiated coverage on Brown & Brown in a research note on Monday, October 12th. They issued a “buy” rating and a $82.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $75.47.

Check Out Our Latest Report on Brown & Brown

Brown & Brown Stock Performance

Shares of BRO stock opened at $70.89 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market capitalization of $23.51 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. Brown & Brown, Inc. has a one year low of $53.81 and a one year high of $82.57. The company has a 50 day moving average price of $66.95 and a 200 day moving average price of $66.64.

Brown & Brown (NYSE:BRO – Get Free Report) last posted its quarterly earnings data on Monday, October 26th. The financial services provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. Brown & Brown had a net margin of 17.63% and a return on equity of 13.29%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. Sell-side analysts anticipate that Brown & Brown, Inc. will post 4.44 EPS for the current year.

Brown & Brown Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 11th. Stockholders of record on Wednesday, November 4th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, November 4th. This is a positive change from Brown & Brown’s previous quarterly dividend of $0.1650. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. Brown & Brown’s dividend payout ratio is 22.78%.

About Brown & Brown

(Free Report)

Brown & Brown, Inc is an insurance brokerage and risk management company that helps businesses, public entities and individuals assess and manage risk. Its services include arranging property and casualty insurance, employee benefits and personal insurance, as well as providing risk management and related services.

The company serves clients through retail insurance operations, national insurance programs, wholesale brokerage and insurance-related services. It operates primarily in the United States and also serves clients in international markets.

Founded in 1939 in Daytona Beach, Florida, Brown & Brown has grown through organic expansion and acquisitions.