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19 stories mentioning BROUpdated 23h ago

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Brown & Brown Expected to Deliver Low-Single Digit Organic Revenue Growth Into 2027, RBC Says

Brown & Brown (BRO) is expected to continue delivering low-single digit organic revenue growth into 2027, with strong operating cash flow conversion and significant share buybacks, RBC Capital Markets said in a note emailed Wednesday.Following Q2 results, RBC raised its 2026 adjusted EPS estimate to $4.66 from $4.59 and its 2027 estimate to $4.95 from $4.87, according to the note.Brown & Brown said organic growth should improve in H2, with Retail and Specialty Distribution growth projected at 1.5% to 2.5% and 2% to 4%, respectively, driven by a business mix shift away from catastrophe property, the note added.The brokerage models a slowdown in 2027 profit sharing commissions to $255 million from $327 million estimated in 2026, creating a headwind to overall revenue growth and the recent organic and contingent growth metric, the note said.RBC raised its share buyback expectation to $950 million for 2026 and $700 million for 2027.RBC kept a sector perform rating on Brown & Brown and raised its price target to $78 from $72.Price: $75.44, Change: $+1.79, Percent Change: +2.43%

Citigroup Downgrades Brown & Brown to Neutral From Buy, Adjusts PT to $79 From $70

Brown & Brown (BRO) has an average rating of hold and mean price target of $75.69, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Brown & Brown's Margin Strength, Capital Discipline Stand Out in Q2, UBS Says

Brown & Brown's (BRO) solid margin performance and continued focus on capital deployment were key positives in its Q2 results, even as organic growth softened, UBS Securities said Monday in a report.UBS said management expects pricing trends to remain broadly consistent through H2, with excess-and-surplus casualty rates still rising amid a challenging legal environment. Brown & Brown plans to continue prioritizing share repurchases, internal investments and debt reduction while maintaining a focus on specialty businesses for mergers and acquisitions, the report said.On Monday, the company posted adjusted Q2 EPS of $1.07, compared with UBS's estimate of $1.06 and consensus of $1.08. Organic revenue growth contracted from a year earlier and came in below expectations, driven mainly by weakness in the specialty segment, the report said.UBS maintained its neutral rating on Brown & Brown stock with a $73 price target.Price: $73.19, Change: $+3.49, Percent Change: +5.01%

Brown & Brown Q2 Adjusted Earnings, Revenue Rise

Brown & Brown (BRO) reported Q2 adjusted earnings late Monday of $1.07 per diluted share, up from $1.03 a year earlier.Analysts polled by FactSet expected $1.08.Revenue in the three months ended June 30 rose to $1.68 billion from $1.29 billion a year earlier.Analysts expected $1.71 billion.The company's shares fell 1.8% in after-hours trading.

Brown & Brown Teams With Anthropic, McKinsey, Accenture on AI Initiative

Brown & Brown (BRO) is partnering with Amazon-backed (AMZN) Anthropic, Accenture (ACN) and McKinsey as part of the next phase of its enterprise technology transformation to become an AI-first company, the company said Thursday.The insurance brokerage said it plans to deploy Anthropic's Claude AI platform across its 23,000 employees and integrate artificial intelligence into customer service, operations, technology and corporate workflows.The company will also roll out Claude Code across its software engineering organization to accelerate software development, it added.Price: $65.20, Change: $-0.19, Percent Change: -0.28%

Brown & Brown Faces Tough Property Quarter With Relief Expected in Q3, Truist Says

Brown & Brown's (BRO) Q2 could be pressured by escalating declines in coastal property and a higher mix of property renewals, but this headwind should abate in Q3, supporting better organic growth in the second half, Truist Securities said in a note Tuesday.The company is scheduled to report its Q2 results on July 27, after the close of the market.Florida excess and surplus commercial property premium per policy fell below the 25-year average in Q2, creating a headwind for Brown & Brown's organic growth, as Q2 experiences double the seasonal renewal volume in Florida commercial property compared with Q1, according to the note.Truist said the company's valuation has more than overcorrected for the weakness in coastal property, even as the wider property line has been much more stable.The brokerage lowered its Q2 organic growth estimate to 0.0% from 0.5% and its EPS estimate to $1.09 from $1.10.Truist kept its buy rating on the stock with a price target of $90.Price: $68.15, Change: $-1.06, Percent Change: -1.53%

Mizuho Securities Adjusts Brown & Brown Price Target to $81 From $74

Brown & Brown (BRO) has an average rating of hold and mean price target of $73.75, according to analysts polled by FactSet.Price: $67.73, Change: $-0.69, Percent Change: -1.00%

Research85d ago

Citigroup Upgrades Brown & Brown to Buy From Neutral, Maintains $70 Price Target

Brown & Brown (BRO) has an average rating of hold and mean price target of $73.80, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Raymond James Adjusts Brown & Brown PT to $65 From $82, Maintains Outperform Rating

Brown & Brown (BRO) has an average rating of Hold and mean price target of $73.80, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $57.37, Change: $-0.26, Percent Change: -0.45%

Morgan Stanley Adjusts Price Target on Brown & Brown to $65 From $70

Brown & Brown (BRO) has an average rating of hold and mean price target of $74.93, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $59.18, Change: $-0.98, Percent Change: -1.62%

Research90d ago

Research Alert: CFRA Maintains Hold Opinion On Shares Of Brown & Brown, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target price to $70 from $80, valuing BRO shares at 16x our '26 EPS estimate of $4.50 and at 15x our '27 EPS estimate of $4.75 (cut today by 40.20), below the shares' one-year average forward multiple of 20x and versus the peer average forward multiple of 16x. BRO reported Q1 EPS of $1.39 (versus $1.29 a year ago) that topped our $1.37 estimate and the $1.36 consensus view, though revenue growth of 35% to $1.9B was acquisition-led with $435M from deals. Organic revenues were flat Y/Y at $1.35B, lagging our 4% to 8% growth forecast, while Q1 EBIT margins contracted to 28.0% from 30.4% due to acquisition costs and doubled interest expense. We believe the shares lack a near-term catalyst given below-peer organic growth rates and margin compression that removes BRO's historical premium valuation justification. Management also characterized business conditions as "challenging," representing a shift from last quarter's "stable" assessment. We maintain our Hold rating.

Mizuho Adjusts Price Target on Brown & Brown to $74 From $84, Maintains Outperform Rating

Brown & Brown (BRO) has an average rating of hold and mean price target of $72.62, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $61.77, Change: $-1.38, Percent Change: -2.18%

Brown & Brown's Q1 Report Shows Organic Revenue Growth Under Continued Pressure, UBS Says

Brown & Brown's (BRO) Q1 report shows that the company's organic revenue growth continues to remain under pressure despite better than expected quarterly earnings per share and adjusted margins, UBS said in a note.The company's flat Q1 organic revenue growth was below UBS expectations of a 2% growth and consensus of 1.3%, UBS said on Monday. The metric further excluded $10 million in litigation related lost revenue, which was in-line with expectations, according to UBS.Looking ahead, Brown & Brown expects catastrophe property rates to continue to experience downward pressure in Q2, while economic growth should remain relatively stable, UBS said. The company's capital allocation will have a bias toward buybacks and paying down debt, while remaining active for specialty and smaller deals, UBS added.UBS maintained its neutral rating on the company's stock with an $81 price target.Shares of Brown & Brown were down over 6% in Tuesday trading.Price: $62.07, Change: $-4.06, Percent Change: -6.13%

RBC Capital Cuts Brown & Brown Price Target to $72 From $76

Brown & Brown (BRO) has an average rating of hold and mean price target of $79.27, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $62.15, Change: $-3.97, Percent Change: -6.00%

Truist Securities Lowers Brown & Brown Price Target to $90 From $100, Buy Rating Kept

Brown & Brown (BRO) has an average rating of hold and mean price target of $79.27, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $62.95, Change: $-3.17, Percent Change: -4.79%

Research93d ago

Research Alert: Brown & Brown Posts Mixed Q1 Results

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BRO posted Q1 2026 adjusted EPS of $1.39 versus $1.29, modestly topping our $1.37 estimate and the $1.36 consensus view, though revenue growth of 35% to $1.9B was acquisition-driven with $435M from deals. Organic revenues were flat Y/Y at $1.35B, lagging our 4% to 8% growth forecast, while Q1 EBIT margins contracted to 28.0% from 30.4% due to acquisition costs and doubled interest expense. We believe the shares lack a near-term catalyst given below-peer organic growth rates and margin compression that removes BRO's historical premium valuation justification. Management characterized business conditions as "challenging," representing a shift from last quarter's "stable" assessment. BRO completed 43 acquisitions in 2025, including the $9.8B Accession deal, and we expect acquisitions to remain central to growth strategy as organic growth slows. In our view, the combination of flat organic growth and margin contraction will pressure the shares' premium valuation to peers.

Brown & Brown Q1 Adjusted Earnings, Revenue Rise

Brown & Brown (BRO) reported Q1 adjusted earnings late Monday of $1.39 per diluted share, up from $1.29 a year earlier.Analysts polled by FactSet expected $1.36.Revenue for the three months ended March 31 was $1.9 billion, up from $1.4 billion a year earlier.Analysts surveyed by FactSet expected $1.89 billion.The company's shares rose 2.8% in after-hours trading.

BofA Securities Adjusts Brown & Brown Price Target to $88 From $90, Maintains Neutral Rating

Brown & Brown (BRO) has an average rating of Hold and mean price target of $79.47, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $67.33, Change: $-0.13, Percent Change: -0.20%

Mizuho Adjusts Price Target on Brown & Brown to $84 From $85, Maintains Outperform Rating

Brown & Brown (BRO) has an average rating of hold and mean price target of $79.60, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $66.04, Change: $+0.96, Percent Change: +1.48%

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