Brown & Brown, Inc. has acquired the Campbell Agency, enhancing its workers' compensation insurance solutions in Florida.
Quiver AI Summary
Brown & Brown, Inc. announced the acquisition of the Campbell Agency, a workers’ compensation insurance provider founded by Kevin Campbell in 1991. The acquisition aims to enhance Brown & Brown's offerings in the workers' compensation sector, with both Kevin Campbell and Kian Ostovar, who established a Gainesville office in 2004, joining Brown & Brown to continue their work in Tampa and Ocala. Mike Keeby highlighted the expertise of the Campbell Agency team, while Kevin Campbell expressed pride in transitioning from competitors to teammates. Brown & Brown, a leading insurance brokerage since 1939, operates over 700 locations globally. The press release also includes forward-looking statements regarding the potential impact of the acquisition on the company's future results.
Potential Positives
- The acquisition of the Campbell Agency enhances Brown & Brown's expertise in the workers' compensation insurance sector, potentially leading to improved service offerings for clients.
- Bringing experienced professionals like Kevin Campbell and Kian Ostovar into the Brown & Brown team strengthens the company's workforce and industry knowledge.
- This acquisition expands Brown & Brown's operational presence in Florida, which may drive growth in one of its key markets.
Potential Negatives
- The press release contains forward-looking statements that highlight the uncertainty surrounding the acquisition, suggesting potential risks to Brown & Brown's financial results and condition.
- There is an emphasis on the possibility of material adverse changes during the integration process, indicating that the acquisition may not proceed as planned or yield the expected benefits.
FAQ
What company did Brown & Brown, Inc. acquire?
Brown & Brown, Inc. has acquired the assets of the J. Kevin Campbell Agency, Inc.
Who founded the Campbell Agency?
The Campbell Agency was founded in 1991 by Kevin Campbell.
What expertise does the Campbell Agency bring to Brown & Brown?
The Campbell Agency specializes in workers’ compensation insurance solutions and has extensive experience in this area.
Where will the Campbell Agency team work within Brown & Brown?
Kevin and Kian from the Campbell Agency will work in Brown & Brown offices in Tampa and Ocala.
What is Brown & Brown, Inc. known for?
Brown & Brown, Inc. is a leading insurance brokerage firm providing customized insurance solutions since 1939.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BRO Insider Trading Activity
$BRO insiders have traded $BRO stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $BRO stock by insiders over the last 6 months:
- PAUL J KRUMP purchased 2,678 shares for an estimated $249,884
- BRONISLAW EDMUND MASOJADA purchased 1,000 shares for an estimated $91,440
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$BRO Revenue
$BRO had revenues of $1.6B in Q3 2025. This is an increase of 34.2% from the same period in the prior year.
You can track BRO financials on Quiver Quantitative's BRO stock page.
$BRO Congressional Stock Trading
Members of Congress have traded $BRO stock 17 times in the past 6 months. Of those trades, 12 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $BRO stock by members of Congress over the last 6 months:
- REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 5 times. They made 5 purchases worth up to $75,000 on 11/20, 10/31, 10/29, 09/18, 07/25 and 0 sales.
- REPRESENTATIVE LISA C. MCCLAIN has traded it 4 times. They made 2 purchases worth up to $30,000 on 10/30, 08/04 and 2 sales worth up to $30,000 on 10/31, 10/30.
- REPRESENTATIVE BYRON DONALDS has traded it 5 times. They made 3 purchases worth up to $45,000 on 10/24, 10/09 and 2 sales worth up to $30,000 on 09/04.
- REPRESENTATIVE VAL T. HOYLE has traded it 2 times. They made 1 purchase worth up to $15,000 on 06/26 and 1 sale worth up to $15,000 on 09/23.
- REPRESENTATIVE DAN NEWHOUSE purchased up to $15,000 on 08/18.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$BRO Hedge Fund Activity
We have seen 495 institutional investors add shares of $BRO stock to their portfolio, and 498 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL WORLD INVESTORS added 7,827,992 shares (+81.1%) to their portfolio in Q3 2025, for an estimated $734,187,369
- CITADEL ADVISORS LLC removed 5,206,846 shares (-98.9%) from their portfolio in Q3 2025, for an estimated $488,350,086
- BALYASNY ASSET MANAGEMENT L.P. removed 4,440,154 shares (-99.6%) from their portfolio in Q3 2025, for an estimated $416,442,043
- FMR LLC added 3,513,727 shares (+41.6%) to their portfolio in Q3 2025, for an estimated $329,552,455
- VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. added 1,949,536 shares (+inf%) to their portfolio in Q3 2025, for an estimated $182,846,981
- FIRST EAGLE INVESTMENT MANAGEMENT, LLC removed 1,921,699 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $213,058,768
- GHISALLO CAPITAL MANAGEMENT LLC removed 1,850,000 shares (-88.1%) from their portfolio in Q3 2025, for an estimated $173,511,500
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$BRO Analyst Ratings
Wall Street analysts have issued reports on $BRO in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Citigroup issued a "Buy" rating on 10/30/2025
- Keefe, Bruyette & Woods issued a "Underperform" rating on 07/31/2025
- BMO Capital issued a "Outperform" rating on 07/30/2025
To track analyst ratings and price targets for $BRO, check out Quiver Quantitative's $BRO forecast page.
$BRO Price Targets
Multiple analysts have issued price targets for $BRO recently. We have seen 10 analysts offer price targets for $BRO in the last 6 months, with a median target of $100.5.
Here are some recent targets:
- Alex Scott from Barclays set a target price of $84.0 on 11/20/2025
- Bob Huang from Morgan Stanley set a target price of $85.0 on 11/17/2025
- Meyer Shields from Keefe, Bruyette & Woods set a target price of $79.0 on 11/04/2025
- Joshua Shanker from B of A Securities set a target price of $97.0 on 11/03/2025
- Matthew Heimermann from Citigroup set a target price of $104.0 on 10/30/2025
- Mark Hughes from Truist Securities set a target price of $114.0 on 10/29/2025
- Elyse Greenspan from Wells Fargo set a target price of $92.0 on 10/29/2025
Full Release
DAYTONA BEACH, Fla., Dec. 15, 2025 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Kevin Campbell, principal of the J. Kevin Campbell Agency, Inc. (“Campbell Agency”), today announced that a subsidiary of Brown & Brown, Inc. has acquired the assets of the Campbell Agency.
The Campbell Agency was founded in 1991 by Kevin Campbell, with a focus on delivering best-in-class workers’ compensation insurance solutions for its customers. Kian Ostovar joined the organization in 2004, establishing an office in Gainesville, Florida, to service joint customers of the agency across north and central Florida. Kevin and Kian will bring their workers’ compensation experience to Brown & Brown offices in Tampa and Ocala, respectively.
Mike Keeby, senior vice president – Retail segment, stated, “Kevin, Kian and the Campbell Agency team are recognized by carriers and customers for their deep knowledge of the workers’ compensation landscape, and we are excited to bring their collective experience and focus on workers' compensation insurance solutions to the Brown & Brown team.”
Kevin Campbell said, “For 34 years, we faced each other in the marketplace as competitors. Today, we’re proud to stand together as teammates.”
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of more than 23,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at BBrown.com.
This press release may contain certain statements relating to future results, which are forward-looking statements, including those associated with this acquisition. These statements are not historical facts but instead represent only Brown & Brown’s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown’s control. It is possible that Brown & Brown’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown’s financial results and condition, as well as its other achievements, is contained in Brown & Brown’s filings with the Securities and Exchange Commission. Such factors include those factors relevant to Brown & Brown’s consummation and integration of the announced acquisition, including any matters analyzed in the due diligence process and material adverse changes in the business and financial condition of the seller, the buyer, or both, and their respective customers. All forward-looking statements made herein are made only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware.
For more information:
R. Andrew Watts
Chief financial officer
(386) 239-5770