Brown & Brown (BRO)

3XD Limited • Abbey Bond Lovis Limited • Acorn International Network Pte Ltd • Acumen Re Management Corporation • Adeo Solutions, LLC • Advocate Insurance Services Corp. • Advocator Group Holding Company, Inc. • Aevo Insurance Services, LLC • AFC Insurance, Inc. • AGIA Premium Finance Company, Inc. ...

IRS number

590864469

BRO stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$118.83

Low target

$104.00

High target

$134.00

Argus Research

Initiated

Buy

$120.00

24 Sep 24

Latest filings (excl ownership)

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28 Oct 24

Results of Operations and Financial Condition

22 Jul 24

Results of Operations and Financial Condition

22 Jul 24

8-K

Entry into a Material Definitive Agreement

11 Jun 24

424B5

Prospectus supplement for primary offering

5 Jun 24

8-K

Entry into a Material Definitive Agreement

5 Jun 24

FWP

Free writing prospectus

4 Jun 24

424B5

Prospectus supplement for primary offering

4 Jun 24

8-K

Submission of Matters to a Vote of Security Holders

9 May 24

Transcripts

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BRO

Earnings call transcript

2024 Q3

29 Oct 24

BRO

Earnings call transcript

2024 Q2

23 Jul 24

BRO

Earnings call transcript

2023 Q3

24 Oct 23

BRO

Earnings call transcript

2023 Q2

25 Jul 23

BRO

Earnings call transcript

2023 Q2

25 Jul 23

BRO

Earnings call transcript

2023 Q1

25 Apr 23

BRO

Earnings call transcript

2022 Q4

24 Jan 23

BRO

Earnings call transcript

2022 Q3

25 Oct 22

BRO

Earnings call transcript

2022 Q2

26 Jul 22

BRO

Earnings call transcript

2022 Q1

26 Apr 22

Latest ownership filings

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Notice of proposed sale of securities

Notice of proposed sale of securities

25 Nov 24

SC 13G/A

Select Equity Group, L.P.

Notice of proposed sale of securities

29 Aug 24

Financial summary

Financial statements Chart BRO financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.70 bn	2.70 bn	2.70 bn	2.70 bn	2.70 bn	2.70 bn
Cash burn (monthly)	91.00 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	253.94 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	2.45 bn	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	26.9	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

BRO institutional ownership history Ownership history

72.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	745	641	+16.2%
Opened positions	152	99	+53.5%
Closed positions	48	117	-59.0%
Increased positions	268	246	+8.9%
Reduced positions	209	196	+6.6%

13F shares	Current	Prev Q	Change
Total value	17.57 tn	14.74 tn	+19.2%
Total shares	207.00 mm	176.71 mm	+17.1%
Total puts	6.40 k	12.70 k	-49.6%
Total calls	257.70 k	48.90 k	+427.0%
Total put/call ratio	0.0	0.3	-90.4%

Largest owners	Shares	Value	Change
Vanguard	28.70 mm	$2.57 tn	+1.2%
BLK BlackRock	16.67 mm	$1.49 tn	+0.4%
Select Equity	13.13 mm	$1.17 tn	NEW
PFG Principal Financial	12.80 mm	$1.14 tn	+0.7%
STT State Street	10.86 mm	$971.24 bn	+0.3%
MS Morgan Stanley	8.88 mm	$794.27 bn	+0.2%
Geode Capital Management	5.99 mm	$534.10 bn	+3.4%
GS The Goldman Sachs Group, Inc.	4.02 mm	$359.29 bn	+14.2%
Allspring Global Investments	3.89 mm	$347.56 bn	-15.0%
Manufacturers Life Insurance Company, The	3.49 mm	$311.98 bn	+24.6%

Largest transactions	Shares	Bought/sold	Change
Select Equity	13.13 mm	+13.13 mm	NEW
Norges Bank	3.35 mm	+3.35 mm	NEW
BAC Bank of America	2.07 mm	+2.07 mm	NEW
Ubs Global Asset Management Americas	1.74 mm	+1.74 mm	NEW
Charles Schwab Investment Management	1.30 mm	+1.30 mm	NEW
BCS Barclays	2.09 mm	+1.25 mm	+147.5%
Royal London Asset Management	2.07 mm	+1.06 mm	+105.1%
Clarkston Capital Partners	1.59 mm	-1.03 mm	-39.3%
Manufacturers Life Insurance Company, The	3.49 mm	+687.78 k	+24.6%
Allspring Global Investments	3.89 mm	-685.30 k	-15.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BRO insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
13 Dec 24	Hyatt J Brown	Common Stock, $.10 par value	Gift	Dispose G	Yes	No	0	1,032	0.00	35,998,968
13 Dec 24	Brown P Barrett	Common Stock, $.10 par value	Gift	Acquire G	No	No	0	344	0.00	1,340,732
13 Dec 24	Brown J Powell	Common Stock, $.10 par value	Gift	Dispose G	No	No	0	9,370	0.00	2,746,129
13 Dec 24	Brown J Powell	Common Stock, $.10 par value	Gift	Acquire G	No	No	0	344	0.00	2,755,499
13 Dec 24	Watts R. Andrew	Common Stock, $.10 par value	Gift	Acquire G	Yes	No	0	345	0.00	2,728
13 Dec 24	Watts R. Andrew	Common Stock, $.10 par value	Gift	Dispose G	No	No	0	2,017	0.00	86,428
26 Nov 24	Hyatt J Brown	Common Stock, $.10 par value	Sell	Dispose S	Yes	No	111.75	29,921	3.34 mm	36,000,000
25 Nov 24	Hyatt J Brown	Common Stock, $.10 par value	Sell	Dispose S	Yes	No	111.75	389,007	43.47 mm	36,029,921