State of New Jersey Common Pension Fund D Raises Position in Brown & Brown, Inc. $BRO

State of New Jersey Common Pension Fund D increased its holdings in Brown & Brown, Inc. (NYSE:BRO) by 30.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 103,914 shares of the financial services provider’s stock after acquiring an additional 24,205 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Brown & Brown were worth $9,746,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Brown & Brown by 16.8% during the 2nd quarter. Vanguard Group Inc. now owns 35,625,322 shares of the financial services provider’s stock valued at $3,949,779,000 after acquiring an additional 5,124,203 shares during the period. Principal Financial Group Inc. boosted its position in shares of Brown & Brown by 13.4% during the third quarter. Principal Financial Group Inc. now owns 15,416,190 shares of the financial services provider’s stock worth $1,445,888,000 after acquiring an additional 1,821,229 shares during the last quarter. State Street Corp grew its holdings in shares of Brown & Brown by 11.3% in the second quarter. State Street Corp now owns 12,460,821 shares of the financial services provider’s stock valued at $1,381,531,000 after purchasing an additional 1,262,139 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Brown & Brown by 16.6% in the 2nd quarter. Geode Capital Management LLC now owns 7,369,576 shares of the financial services provider’s stock worth $813,624,000 after buying an additional 1,050,350 shares during the last quarter. Finally, Invesco Ltd. grew its position in Brown & Brown by 1.1% in the second quarter. Invesco Ltd. now owns 4,166,370 shares of the financial services provider’s stock worth $461,925,000 after acquiring an additional 46,235 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Brown & Brown Price Performance

Shares of BRO opened at $68.83 on Wednesday. The company has a 50 day moving average price of $77.01 and a 200-day moving average price of $84.67. The stock has a market capitalization of $23.43 billion, a PE ratio of 21.51, a PEG ratio of 2.07 and a beta of 0.79. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.66 and a current ratio of 1.66. Brown & Brown, Inc. has a fifty-two week low of $65.68 and a fifty-two week high of $125.68.

Brown & Brown (NYSE:BRO) last released its earnings results on Monday, January 26th. The financial services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. Brown & Brown had a net margin of 17.84% and a return on equity of 12.93%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. Brown & Brown’s revenue was up 35.7% compared to the same quarter last year. Equities analysts predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, February 4th were paid a $0.165 dividend. The ex-dividend date was Wednesday, February 4th. This represents a $0.66 dividend on an annualized basis and a yield of 1.0%. Brown & Brown’s dividend payout ratio (DPR) is 20.63%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Mizuho lowered their price objective on Brown & Brown from $90.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Morgan Stanley cut their price objective on shares of Brown & Brown from $85.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 29th. Barclays lowered their target price on shares of Brown & Brown from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Tuesday, January 27th. Bank of America reduced their price objective on shares of Brown & Brown from $94.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Brown & Brown in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $90.36.

Brown & Brown News Roundup

Here are the key news stories impacting Brown & Brown this week:

• Positive Sentiment: Acquisition expands dealer-focused product set and distribution: Brown & Brown Dealer Services acquired the assets of American Adventure Insurance (serves ~1,500 dealerships), adding vehicle, F&I and commercial dealer solutions — a strategic bolt-on that can drive incremental revenue and strengthen cross-sell opportunities. Acquisition Release
• Positive Sentiment: Leadership hire strengthens tech and integration capability: Brown & Brown named Dorothea (“Dori”) Henderson as Chief Information Technology Officer to accelerate data/AI strategy, system reliability and technology support for acquisitions — helps execution on scaling and operational efficiency. CTO Appointment
• Positive Sentiment: Dividend reliability supports investor demand: Coverage notes Brown & Brown’s inclusion among long-term dividend growers (32 years of increases, recent 10% raise), which appeals to income and conservative investors. Dividend Article
• Neutral Sentiment: Industry commentary: Management sees improving conditions for prepared buyers in 2026 — useful context for M&A appetite but not a direct near-term catalyst. Market Trends
• Negative Sentiment: Shareholder litigation risk: Two plaintiff firms (Edelson Lechtzin LLP and Pomerantz LLP) announced investigations alleging potentially misleading disclosures — these inquiries can increase legal costs, create management distraction and pressure the share price if they lead to claims or restatements. Edelson Lechtzin Investigation Pomerantz Investigation
• Negative Sentiment: Analyst pressure: Wells Fargo trimmed its price target to $78 — a downgrade of near-term sentiment that can weigh on momentum and set lower expectations for upside. Wells Fargo Price Target Cut

Brown & Brown Profile

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.