BRO – Brown & Brown, Inc.

Brown & Brown, Inc. Monthly Stock Report – November 23, 2025

Company Overview

Brown & Brown, Inc. (NYSE: BRO), headquartered in Daytona Beach, Florida, is a leading player in the insurance broker industry within the financial services sector. Established in 1939, the company has developed a robust business model centered around the marketing and selling of a diverse array of insurance products and services across the United States, Canada, Ireland, and the United Kingdom, among other international markets. Brown & Brown operates through four key segments: Retail, Programs, Wholesale Brokerage, and Services, catering to both commercial and individual clients.

• Retail Segment: Offers property, casualty, and employee benefits insurance products.
• Programs Segment: Specializes in professional liability insurance for sectors like dentistry and legal.
• Wholesale Brokerage Segment: Focuses on excess and surplus commercial and personal lines insurance.
• Services Segment: Provides comprehensive claims administration and management services.

With a total revenue of approximately $5.35 billion, Brown & Brown stands as a symbol of stability and strength within the insurance brokerage industry, which significantly benefits from the growing demand for insurance products and services in today’s economy.

52-Week Price Performance Analysis

Over the past year, Brown & Brown’s stock has witnessed substantial fluctuations. The current price stands at $80.885, significantly below its 52-week high of $125.68 and above its 52-week low of $76.17. A technical analysis of the stock price chart reveals a consistent downward trend characterized by lower highs and lower lows.

Key insights from the chart analysis:

• Current Price vs. Moving Average: The stock price is below its 50-day moving average of $87.60, which suggests a prevailing bearish momentum. The price has recently tested a critical support level around $80.
• Support and Resistance Levels: The key support level near $80 appears to be holding; a breach below this could lead to further downside. Resistance is seen at $110, a significant psychological barrier that the stock has failed to surpass after multiple attempts.
• Price Patterns: The lack of clear breakout patterns indicates the stock may continue to trade sideways in the short term. Investors should monitor any breaking points, as a dip below $80 could signal a further decline, while a breakthrough above the downtrend line could indicate a potential reversal.

Financial Performance and Metrics

Brown & Brown’s financial performance in the third quarter of 2025 demonstrated robust growth:

• Total Revenue: $1.6 billion, marking a 35.4% year-over-year increase.
• EBITDA: Recorded at $1.768 billion, showcasing operational efficiency and strong cash flow generation capabilities.
• Earnings Per Share: Adjusted earnings were reported at $1.05, exceeding analyst expectations by 16.6%.

In terms of valuation, the stock has been assessed with a target high price of $114 and an average target mean price of $93.50, suggesting significant growth potential if market conditions stabilize. The median target stands at $90.50, indicating analyst consensus around these figures.

Recent News and Developments

In recent months, Brown & Brown has made noteworthy announcements that may influence investor sentiment:

1. Dividend Increase: A 10% increase in its quarterly cash dividend to $0.165 per share was announced, marking the company’s 32nd consecutive annual dividend increase. This move reinforces shareholder confidence, highlighting the company’s commitment to returning value to its investors.

2. Share Repurchase Program: The board approved a $1.5 billion expansion of the company’s share repurchase program, indicating management’s optimism and belief in the company’s future prospects.

3. Strategic Acquisition: Brown & Brown recently acquired RSC Topco, Inc. for approximately $9.83 billion, leading to a reorganization of its business segments into a new Specialty Distribution segment. This acquisition is expected to enhance operational capabilities significantly and integrate various service offerings.

Despite these positive developments, the company faced a 16.45% decline over the past year, with a recent stock price drop to a 52-week low of $86.66 on October 28, 2025.

Market Sentiment and Analyst Recommendations

Market sentiment surrounding Brown & Brown’s stock reflects a hold recommendation by analysts. The consensus rating stands at 2.6, indicating that investors are advised to maintain their positions in light of current market conditions.

• Analyst Consensus: A total of 12 analysts contributed to this opinion, reflecting a cautious outlook given the fundamental strength of the company amid broader economic uncertainties.
• Price Targets: The anticipated price ranges from a low of $79 to a high of $114, with the majority of analysts projecting stability around the mean target price of $93.50.

The short interest data indicates that Brown & Brown has a low level of bearish sentiment among investors, with approximately 0.0366% of shares sold short. This suggests overall market confidence in the company’s continued performance and strategic direction.

Conclusion

In summary, Brown & Brown, Inc. stands at a critical juncture as it navigates through market challenges and capitalizes on strong financial fundamentals. The recent increases in dividends and share buyback programs, combined with strategic acquisitions, underscore the company’s focus on growth and shareholder value. Retail investors are encouraged to watch key support levels closely and consider long-term opportunities amidst potential volatility in stock pricing.

With substantial financial metrics supporting the business model, along with emergent positive news, Brown & Brown represents an intriguing option for cautious investors looking to hold in the insurance brokerage space.

Metric	Value
Market Cap	$27.6b
Total Debt	$8.0b
Total Cash	$1.2b
Shares Outstanding	341.4m
Float Shares	294.0m