Brown & Brown, Inc. (BRO), based in Daytona Beach, Florida, sells insurance products and services in the United States and abroad. The company has a market capitalization of $22.9 billion and operates through its Retail and Specialty Distribution segments, offering property and casualty insurance, employee benefits coverage, personal insurance and specialty products.
Companies valued above $10 billion are generally classified as large-cap stocks, and BRO clearly falls into that category, underscoring its scale in the insurance brokerage industry.
Even so, the stock is currently trading 29.2% below its 52-week high of $96.55, which was recorded on Oct. 8, 2025. In the shorter term, however, BRO has outperformed the broader financial sector proxy: over the past three months, the shares have gained 13.9%, ahead of the 6.2% rise in the State Street Financial Select Sector SPDR ETF (XLF).
The longer-term picture is weaker. Over the past 52 weeks, BRO has fallen 27%, lagging the 6% advance posted by XLF over the same period. The stock has also been trading below both its 200-day and 50-day moving averages since this month, pointing to softer technical momentum.
On July 28, BRO rose 5.7% after reporting mixed results for the second quarter of 2026. Revenue climbed 30.4% from a year earlier to $1.7 billion, but missed consensus estimates. Adjusted EPS came in at $1.07, matching Wall Street forecasts. According to the report, investors looked past the revenue miss and focused instead on strong year-over-year growth and earnings that met expectations.
Compared with a rival, Erie Indemnity Company (ERIE) has also declined over the past year, but by a smaller amount. ERIE is down 21.3% over that period, meaning it has outperformed BRO.
Analyst sentiment remains cautious. Among the 22 analysts covering the stock, the consensus rating is “Hold.” The mean price target stands at $76.65, implying 13.9% upside from current levels.
