Fintel reports that on August 12, 2024, Wells Fargo upgraded their outlook for Brown & Brown (NYSE:BRO) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 4.34% Upside
As of August 6, 2024, the average one-year price target for Brown & Brown is $104.67/share. The forecasts range from a low of $92.92 to a high of $117.60. The average price target represents an increase of 4.34% from its latest reported closing price of $100.32 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Brown & Brown is 4,343MM, a decrease of 2.49%. The projected annual non-GAAP EPS is 2.77.
What is the Fund Sentiment?
There are 1,372 funds or institutions reporting positions in Brown & Brown. This is an increase of 42 owner(s) or 3.16% in the last quarter. Average portfolio weight of all funds dedicated to BRO is 0.29%, an increase of 6.58%. Total shares owned by institutions decreased in the last three months by 0.49% to 238,659K shares. 
The put/call ratio of BRO is 0.21, indicating a bullish outlook.
What are Other Shareholders Doing?
Select Equity Group holds 13,606K shares representing 4.77% ownership of the company. In its prior filing, the firm reported owning 14,310K shares , representing a decrease of 5.17%. The firm increased its portfolio allocation in BRO by 16.29% over the last quarter.
Principal Financial Group holds 12,805K shares representing 4.49% ownership of the company. In its prior filing, the firm reported owning 12,718K shares , representing an increase of 0.68%. The firm decreased its portfolio allocation in BRO by 43.25% over the last quarter.
PMSBX - MidCap Fund (f holds 9,403K shares representing 3.30% ownership of the company. In its prior filing, the firm reported owning 9,201K shares , representing an increase of 2.15%. The firm increased its portfolio allocation in BRO by 2.49% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,196K shares representing 2.52% ownership of the company. In its prior filing, the firm reported owning 7,177K shares , representing an increase of 0.27%. The firm increased its portfolio allocation in BRO by 12.53% over the last quarter.
Geode Capital Management holds 5,989K shares representing 2.10% ownership of the company. In its prior filing, the firm reported owning 5,791K shares , representing an increase of 3.31%. The firm decreased its portfolio allocation in BRO by 47.66% over the last quarter.
Brown & Brown Background Information
(This description is provided by the company.)
Brown & Brown, Inc. is a leading insurance brokerage firm, providing risk management solutions to individuals and businesses. With more than 80 years of proven success and thousands of teammates, the company offers reliable knowledge for its customers and strives to provide a higher service.
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This story originally appeared on Fintel.
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