Rep. April McClain Delaney Purchases Shares of Brown & Brown, Inc. (NYSE:BRO)

Key Points

• Representative April McClain Delaney purchased between $1,001 and $15,000 in shares of Brown & Brown, Inc. (NYSE:BRO) on July 25th, illustrating a political commitment to the financial services provider.
• Brown & Brown reported earnings of $1.03 per share in its latest quarter, exceeding analyst expectations, with a year-over-year revenue growth of 9.1% to $1.29 billion.
• The company declared a quarterly dividend of $0.15 per share, resulting in an annualized yield of 0.7%, set to be paid on August 20th for investors of record as of August 13th.

Representative April McClain Delaney (D-Maryland) recently bought shares of Brown & Brown, Inc. NYSE: BRO. In a filing disclosed on August 05th, the Representative disclosed that they had bought between $1,001 and $15,000 in Brown & Brown stock on July 25th.

Representative April McClain Delaney also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Entegris NASDAQ: ENTG on 7/28/2025.
• Purchased $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 7/25/2025.
• Purchased $1,001 - $15,000 in shares of PTC NASDAQ: PTC on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Entegris NASDAQ: ENTG on 7/9/2025.
• Sold $1,001 - $15,000 in shares of IDEXX Laboratories NASDAQ: IDXX on 7/9/2025.
• Purchased $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 7/9/2025.
• Purchased $1,001 - $15,000 in shares of CDW NASDAQ: CDW on 7/9/2025.
• Sold $1,001 - $15,000 in shares of STERIS NYSE: STE on 6/26/2025.
• Purchased $1,001 - $15,000 in shares of Paychex NASDAQ: PAYX on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Clean Harbors NYSE: CLH on 6/20/2025.

Brown & Brown Stock Up 1.3%

Shares of BRO stock traded up $1.20 during mid-day trading on Friday, hitting $93.71. The stock had a trading volume of 3,643,512 shares, compared to its average volume of 3,746,375. Brown & Brown, Inc. has a 12-month low of $90.38 and a 12-month high of $125.68. The firm has a market capitalization of $30.91 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. The firm's 50-day moving average is $104.73 and its two-hundred day moving average is $110.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 6.72 and a quick ratio of 6.72.

Brown & Brown (NYSE:BRO - Get Free Report) last issued its earnings results on Monday, July 28th. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. Brown & Brown had a return on equity of 15.10% and a net margin of 19.89%. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the business earned $0.93 EPS. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, August 13th. Brown & Brown's dividend payout ratio is currently 17.29%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Kingsview Wealth Management LLC increased its holdings in shares of Brown & Brown by 2.2% in the second quarter. Kingsview Wealth Management LLC now owns 5,267 shares of the financial services provider's stock valued at $584,000 after purchasing an additional 114 shares during the period. Thoroughbred Financial Services LLC acquired a new position in shares of Brown & Brown in the second quarter valued at about $1,046,000. Creative Planning increased its holdings in shares of Brown & Brown by 5.1% in the second quarter. Creative Planning now owns 70,198 shares of the financial services provider's stock valued at $7,783,000 after purchasing an additional 3,433 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Brown & Brown by 26.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 68,738 shares of the financial services provider's stock valued at $7,621,000 after purchasing an additional 14,465 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new position in shares of Brown & Brown in the second quarter valued at about $272,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Brown & Brown

In other news, Director Bronislaw Edmund Masojada acquired 1,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average cost of $91.44 per share, with a total value of $91,440.00. Following the completion of the acquisition, the director owned 5,000 shares of the company's stock, valued at approximately $457,200. This trade represents a 25.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul J. Krump bought 2,678 shares of the stock in a transaction dated Friday, August 8th. The stock was bought at an average price of $93.31 per share, for a total transaction of $249,884.18. Following the purchase, the director directly owned 5,353 shares of the company's stock, valued at approximately $499,488.43. The trade was a 100.11% increase in their ownership of the stock. The disclosure for this purchase can be found here. 17.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Argus reiterated a "hold" rating on shares of Brown & Brown in a report on Thursday, July 31st. Truist Financial set a $120.00 target price on Brown & Brown in a report on Wednesday, July 30th. The Goldman Sachs Group lowered Brown & Brown from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $126.00 to $119.00 in a research report on Tuesday, May 13th. Wells Fargo & Company reduced their price target on Brown & Brown from $127.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods reduced their price target on Brown & Brown from $104.00 to $87.00 and set an "underperform" rating for the company in a research report on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $113.23.

About Representative McClain Delaney

April McClain-Delaney (Democratic Party) is a member of the U.S. House, representing Maryland's 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. McClain-Delaney (Democratic Party) is running for re-election to the U.S. House to represent Maryland's 6th Congressional District. She declared candidacy for the 2026 election. April McClain-Delaney grew up in Buhl, Idaho, where her father was a potato farmer. She obtained her bachelor's degree in communications from Northwestern University in 1986 and her law degree from Georgetown Law Center in 1989. McClain-Delaney worked in communications law, first with the satellite firm Orion Network Systems and later as the Washington director for Common Sense Media, a nonprofit focused on technology and children. In 2022, McClain-Delaney joined the U.S. Department of Commerce under President Joe Biden (D) as deputy assistant secretary for communications and information. McClain-Delaney served on the board of the Georgetown University Law Center, the International Center for Research on Women, and the Northwestern University School of Communications.

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.