Brown & Brown, Inc. $BRO Shares Sold by Allspring Global Investments Holdings LLC

Posted by Brian Himes on Jul 17th, 2026

Allspring Global Investments Holdings LLC cut its stake in shares of Brown & Brown, Inc. (NYSE:BRO – Free Report) by 9.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,544,886 shares of the financial services provider’s stock after selling 257,441 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Brown & Brown were worth $163,891,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Brown & Brown by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 37,634,847 shares of the financial services provider’s stock valued at $2,999,497,000 after purchasing an additional 303,955 shares during the period. Capital World Investors lifted its stake in Brown & Brown by 2.3% during the fourth quarter. Capital World Investors now owns 17,886,395 shares of the financial services provider’s stock valued at $1,425,546,000 after buying an additional 407,006 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Brown & Brown by 1.6% during the first quarter. Principal Financial Group Inc. now owns 15,608,720 shares of the financial services provider’s stock valued at $1,017,847,000 after buying an additional 246,172 shares in the last quarter. State Street Corp boosted its holdings in shares of Brown & Brown by 2.2% in the fourth quarter. State Street Corp now owns 13,403,814 shares of the financial services provider’s stock worth $1,068,284,000 after buying an additional 282,988 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Brown & Brown by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 7,952,957 shares of the financial services provider’s stock worth $631,495,000 after acquiring an additional 118,225 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on BRO shares. Morgan Stanley downgraded shares of Brown & Brown from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $60.00 to $55.00 in a research report on Monday, July 6th. UBS Group reiterated a “neutral” rating and set a $73.00 price objective (up from $65.00) on shares of Brown & Brown in a research report on Wednesday, July 8th. Wells Fargo & Company cut their target price on shares of Brown & Brown from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 9th. Royal Bank Of Canada reduced 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. Finally, Weiss Ratings cut Brown & Brown from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Five equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $78.62.

View Our Latest Stock Report on BRO

Brown & Brown Trading Up 3.7%

Shares of NYSE:BRO opened at $69.34 on Friday. The firm has a fifty day moving average of $60.88 and a two-hundred day moving average of $67.17. The firm has a market capitalization of $23.50 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 3.09 and a beta of 0.60. Brown & Brown, Inc. has a 12-month low of $53.81 and a 12-month high of $105.06. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52.

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 the consensus estimate of $1.36 by $0.03. Brown & Brown had a net margin of 17.94% and a return on equity of 12.94%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the company posted $1.29 EPS. Brown & Brown’s revenue was up 35.4% on a year-over-year basis. On average, equities analysts expect that Brown & Brown, Inc. will post 4.5 EPS for the current fiscal year.

Brown & Brown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 11th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.66 dividend on an annualized basis and a yield of 1.0%. Brown & Brown’s dividend payout ratio (DPR) is presently 21.22%.

Insider Buying and Selling

In other news, Director H Palmer Proctor, Jr. bought 2,000 shares of the stock in a transaction on Tuesday, May 5th. The shares were purchased at an average price of $57.10 per share, for a total transaction of $114,200.00. Following the completion of the purchase, the director directly owned 47,621 shares of the company’s stock, valued at $2,719,159.10. This trade represents a 4.38% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.13% of the stock is owned by company insiders.

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.