Rep. Dan Newhouse Sells Brown & Brown, Inc. (NYSE:BRO) Stock
by Doug Wharley · The Cerbat GemRepresentative Dan Newhouse (R-Washington) recently sold shares of Brown & Brown, Inc. (NYSE:BRO). In a filing disclosed on January 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Brown & Brown stock on December 11th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.
Representative Dan Newhouse also recently made the following trade(s):
- Purchased $1,001 – $15,000 in shares of Royal Caribbean Cruises (NYSE:RCL) on 12/31/2025.
- Purchased $1,001 – $15,000 in shares of Broadridge Financial Solutions (NYSE:BR) on 12/31/2025.
- Purchased $1,001 – $15,000 in shares of Synopsys (NASDAQ:SNPS) on 12/31/2025.
- Purchased $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 12/11/2025.
- Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/11/2025.
- Purchased $1,001 – $15,000 in shares of T-Mobile US (NASDAQ:TMUS) on 12/11/2025.
- Purchased $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 12/11/2025.
- Purchased $1,001 – $15,000 in shares of Textron (NYSE:TXT) on 12/11/2025.
- Sold $1,001 – $15,000 in shares of Magna International (NYSE:MGA) on 12/11/2025.
- Sold $1,001 – $15,000 in shares of Truist Financial (NYSE:TFC) on 12/11/2025.
Brown & Brown Trading Up 0.5%
BRO traded up $0.37 during trading hours on Friday, reaching $80.12. 1,978,936 shares of the company’s stock traded hands, compared to its average volume of 2,433,993. The firm has a 50-day moving average price of $79.97 and a 200 day moving average price of $89.45. The firm has a market capitalization of $27.35 billion, a PE ratio of 23.99, a PEG ratio of 1.78 and a beta of 0.81. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.62. Brown & Brown, Inc. has a 52-week low of $76.17 and a 52-week high of $125.68.
Brown & Brown (NYSE:BRO – Get Free Report) last issued its earnings results on Monday, October 27th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.15. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. Brown & Brown had a net margin of 18.23% and a return on equity of 13.64%. The business’s revenue was up 35.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 earnings per share. As a group, sell-side analysts predict that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.
Brown & Brown Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Wednesday, November 5th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, November 5th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Brown & Brown’s previous quarterly dividend of $0.15. Brown & Brown’s dividend payout ratio is 19.76%.
Institutional Investors Weigh In On Brown & Brown
Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in shares of Brown & Brown by 38.3% in the 1st quarter. AQR Capital Management LLC now owns 33,444 shares of the financial services provider’s stock valued at $4,132,000 after purchasing an additional 9,264 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Brown & Brown by 5.2% during the first quarter. Focus Partners Wealth now owns 11,149 shares of the financial services provider’s stock valued at $1,387,000 after buying an additional 547 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Brown & Brown by 4.3% in the 2nd quarter. Parallel Advisors LLC now owns 2,508 shares of the financial services provider’s stock valued at $278,000 after acquiring an additional 103 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Brown & Brown by 24.6% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 890 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 176 shares during the last quarter. Finally, Czech National Bank lifted its position in Brown & Brown by 25.7% during the 2nd quarter. Czech National Bank now owns 68,508 shares of the financial services provider’s stock worth $7,595,000 after acquiring an additional 13,999 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating on shares of Brown & Brown in a research note on Tuesday, December 30th. JPMorgan Chase & Co. assumed coverage on Brown & Brown in a report on Thursday, December 18th. They issued a “neutral” rating and a $91.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Brown & Brown in a research note on Monday, December 29th. UBS Group lowered their price objective on shares of Brown & Brown from $120.00 to $106.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Finally, Truist Financial cut their target price on shares of Brown & Brown from $114.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $98.67.
Get Our Latest Stock Analysis on Brown & Brown
About Representative Newhouse
Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.
Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.
Click here to see Newhouse’s key votes in Congress.
Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.
Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.
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.