Teacher Retirement System of Texas Lowers Position in Brown & Brown, Inc. $BRO

Teacher Retirement System of Texas lowered its position in Brown & Brown, Inc. (NYSE:BRO) by 44.8% in the 3rd quarter, Holdings Channel reports. The fund owned 40,312 shares of the financial services provider’s stock after selling 32,775 shares during the quarter. Teacher Retirement System of Texas’ holdings in Brown & Brown were worth $3,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in Brown & Brown during the second quarter valued at $30,000. Motco bought a new position in shares of Brown & Brown in the 2nd quarter worth about $32,000. TD Private Client Wealth LLC lifted its position in Brown & Brown by 39.3% during the 2nd quarter. TD Private Client Wealth LLC now owns 436 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 123 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Brown & Brown during the second quarter worth about $49,000. Finally, Horizon Bancorp Inc. IN bought a new stake in Brown & Brown during the second quarter worth about $50,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Brown & Brown

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

• Positive Sentiment: Adjusted earnings and operating performance: Brown & Brown reported Diluted Net Income Per Share — Adjusted of $0.93 (up YoY) and higher EBITDAC / adjusted margins, which beat some expectations and supports the company’s operating story. Zacks: Q4 Earnings Beat
• Positive Sentiment: Strong top‑line (acquisition‑driven) growth: Total revenues rose ~35.7% YoY to about $1.6B, driven largely by acquisitions (Accession/RSC) which materially increased scale and fee income. Press Release
• Neutral Sentiment: Earnings call/transcript available — management reiterated growth from acquisitions but signaled margin pressure and integration items; read the call highlights and transcript for management tone and any forward comments. TipRanks: Call Highlights
• Neutral Sentiment: Investor commentary/valuation views: Some value‑oriented writeups see a deeper discount after the pullback, noting long‑term strengths in the brokerage model. Seeking Alpha
• Neutral Sentiment: Company news: the firm announced the passing of its Chief Legal Officer — a human resources / governance item investors will note but is not a primary driver of the price move. Press Release
• Negative Sentiment: Revenue shortfall vs. Street: Reported revenue (~$1.61B) came in below several consensus estimates (~$1.65–1.67B), prompting the immediate market reaction and headlines that shares fell on a revenue miss. MarketWatch
• Negative Sentiment: Weak organic growth and GAAP EPS compression: Organic revenue declined ~2.8% in Q4 and GAAP diluted EPS fell to $0.59 (year‑over‑year decline), which raises concern about core‑business momentum absent acquisitions. Quiver / Press Summary
• Negative Sentiment: Higher leverage and integration costs: The Accession acquisition added goodwill, intangibles and long‑term debt; investors are weighing integration costs, acquisition earn‑outs and higher interest expense. Reuters
• Negative Sentiment: Analyst reactions: Banks trimmed targets/ratings (Barclays lowered to $82 / equal‑weight; Bank of America cut target to $90 / neutral), which adds near‑term selling pressure. Benzinga: Analyst Moves

Brown & Brown Stock Performance

Shares of BRO stock opened at $74.09 on Wednesday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $79.74 and a 200-day moving average price of $87.88. Brown & Brown, Inc. has a 52 week low of $73.10 and a 52 week high of $125.68. The firm has a market capitalization of $25.30 billion, a PE ratio of 23.15, a P/E/G ratio of 1.86 and a beta of 0.81.

Brown & Brown (NYSE:BRO) last issued its earnings results on Monday, January 26th. The financial services provider reported $0.93 earnings per share (EPS) 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 13.65%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company posted $0.86 earnings per share. The firm’s quarterly revenue was up 35.7% on a year-over-year basis. As a group, equities research analysts expect that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Brown & Brown Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, February 4th. Brown & Brown’s dividend payout ratio (DPR) is 19.76%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BRO. Weiss Ratings reiterated a “hold (c)” rating on shares of Brown & Brown in a report on Monday, December 29th. Morgan Stanley lowered their price objective on Brown & Brown from $95.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday, November 17th. Raymond James Financial reissued an “outperform” rating on shares of Brown & Brown in a report on Monday, November 3rd. Citigroup downgraded Brown & Brown from a “buy” rating to a “neutral” rating in a report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on Brown & Brown from $79.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Brown & Brown currently has an average rating of “Hold” and a consensus price target of $98.13.

About Brown & Brown

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.