Rep. Byron Donalds Buys Shares of Brown & Brown, Inc. (NYSE:BRO)

Representative Byron Donalds (R-Florida) recently bought shares of Brown & Brown, Inc. (NYSE:BRO). In a filing disclosed on April 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Brown & Brown stock on March 20th. The trade occurred in the Representative’s “MORAN WEALTH IRA” account.

Representative Byron Donalds also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 3/20/2025.
• Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 3/20/2025.
• Purchased $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Gartner (NYSE:IT) on 3/20/2025.
• Purchased $1,001 – $15,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Equifax (NYSE:EFX) on 3/20/2025.
• Purchased $1,001 – $15,000 in shares of Tradeweb Markets (NASDAQ:TW) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 3/20/2025.

Brown & Brown Stock Down 0.5 %

Brown & Brown stock opened at $118.89 on Thursday. The company has a market capitalization of $33.99 billion, a P/E ratio of 34.36, a P/E/G ratio of 2.93 and a beta of 0.75. Brown & Brown, Inc. has a 1-year low of $80.33 and a 1-year high of $125.68. The firm’s fifty day simple moving average is $116.90 and its 200-day simple moving average is $109.83. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. Brown & Brown had a return on equity of 17.81% and a net margin of 20.68%. Sell-side analysts forecast that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.50%. The ex-dividend date was Wednesday, February 5th. Brown & Brown’s dividend payout ratio is 17.34%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Truist Financial increased their price target on Brown & Brown from $118.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group lifted their target price on shares of Brown & Brown from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. Bank of America upped their price target on shares of Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Wells Fargo & Company lifted their price objective on Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $128.00 price objective on shares of Brown & Brown in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Brown & Brown currently has a consensus rating of “Hold” and an average target price of $117.50.

Institutional Trading of Brown & Brown

A number of institutional investors and hedge funds have recently modified their holdings of BRO. Vanguard Group Inc. increased its holdings in Brown & Brown by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 29,940,139 shares of the financial services provider’s stock valued at $3,054,493,000 after buying an additional 1,335,964 shares during the period. Principal Financial Group Inc. boosted its position in shares of Brown & Brown by 0.7% during the 4th quarter. Principal Financial Group Inc. now owns 12,901,968 shares of the financial services provider’s stock valued at $1,316,259,000 after acquiring an additional 94,121 shares in the last quarter. Geode Capital Management LLC increased its stake in Brown & Brown by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 6,099,649 shares of the financial services provider’s stock valued at $620,737,000 after acquiring an additional 118,569 shares during the period. Capital World Investors raised its position in Brown & Brown by 15.6% in the fourth quarter. Capital World Investors now owns 4,195,681 shares of the financial services provider’s stock worth $428,043,000 after purchasing an additional 566,116 shares in the last quarter. Finally, Invesco Ltd. raised its position in Brown & Brown by 11.4% in the fourth quarter. Invesco Ltd. now owns 3,803,616 shares of the financial services provider’s stock worth $388,045,000 after purchasing an additional 388,411 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida’s 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida’s 19th Congressional District. He declared candidacy for the 2026 election.

Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor’s degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

About Brown & Brown

Brown & Brown, Inc is an insurance agency, wholesale brokerage, insurance program and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail, National Programs, Wholesale Brokerage, and Services.