Brown & Brown, Inc. (BRO)

Over the past six months, Brown & Brown's stock price has surged by 18.6% and 6.84% in the last six months and has outperformed the Dow Jones Industrials Average. Key events impacting the stock include strong financial performance with record-breaking revenue and a 12.9% increase in total revenue over 2023, driven by organic business growth. The stock has seen strong institutional investor demand. Morgan Stanley downgraded Brown & Brown's stock from "Overweight" to "Equal-Weight" on March 25, 2025, and Goldman Sachs also downgraded their outlook from "Buy" to "Neutral" on May 13, 2025. Brown & Brown announced the pricing of a public offering of approximately 39.22 million shares of its common stock at $102.00 per share on June 10, 2025. The company has continued its strategic growth through acquisitions, such as the agreement to acquire Accession Risk Management Group and a partnership with WireX Systems. Due to an aggressive acquisition spree, the company has observed a notable increase in debt and goodwill on its balance sheet.

The provided search results do not contain specific information regarding the demand seasonality for Brown & Brown, Inc.'s products and services. However, one job posting suggests that there are periods of higher demand or workload within their operations. The insurance industry, in general, can experience some seasonality related to renewal cycles, specific types of coverage, and business cycles, but direct information for Brown & Brown is not available in the provided snippets.

Brown & Brown, Inc. is a diversified insurance agency, wholesale brokerage, and service organization operating within the Financial sector and the Insurance industry. Established in 1939, Brown & Brown provides a wide array of insurance products and services, primarily focusing on property, casualty, and employee benefits. The company operates through four main reportable segments: Retail, Programs, Wholesale Brokerage, and Services. The Retail segment provides insurance products and services to various customers and generates the majority of the company's revenue. The Programs segment specializes in the development, underwriting, and management of insurance program business. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance. The Services segment offers third-party claims administration and medical utilization management services.

Brown & Brown, Inc. has a significant geographic presence, primarily operating in the United States. Beyond the U.S., the company also has operations in the United Kingdom, the Republic of Ireland, Canada, Belgium, Bermuda, and the Cayman Islands. The company has a global presence spanning over 500 locations.

Brown & Brown, Inc. has a strong brand reputation in the insurance brokerage sector, built on over 80 years of experience. The company emphasizes its commitment to integrity, innovation, superior capabilities, discipline, and customer-centric risk management solutions. Its decentralized business model allows for local decision-making, contributing to its reputation for flexibility and responsiveness to client needs. Brown & Brown is recognized as the fifth-largest independent insurance brokerage in the U.S. and sixth in the world. The company's reports have consistently received high usefulness scores from reviews. Brown & Brown released its annual Global Impact Report, outlining its efforts and achievements in corporate responsibility and sustainability. The company's continued strategic acquisitions and partnerships enhance its market position and service offerings, positively impacting its reputation. The termination of the agreement to acquire HAUSER in August 2020 minimized potential risks but could have signaled potential setbacks in growth strategy or led to investor concerns about future acquisition plans.

Brown & Brown, Inc. is primarily owned by institutional shareholders (74.74%), followed by individual insiders (20.07%), and retail investors (5.19%). Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Principal Financial Group Inc., State Street Corp., Capital World Investors, Morgan Stanley, Parnassus Investments /ca (Parnassus Investments LLC), Geode Capital Management LLC, and Select Equity Group, L.P. The largest individual shareholder is Hyatt J. Brown, who owns 38.09 million shares, representing 13.29% of the company. J. Powell Brown is another significant individual insider owner.