Brown & Brown, Inc. appoints Joia M. Johnson to its board of directors, bringing extensive corporate experience and leadership.
Quiver AI Summary
Brown & Brown, Inc. announced the appointment of Joia M. Johnson to its board of directors. Johnson, who retired as chief legal officer and chief administrative officer of Hanesbrands Inc. in 2021, brings extensive leadership experience and a diverse background, having served on multiple public and private boards. Brown & Brown's lead independent director praised her ability to manage complexity and align strategic vision with execution. CEO J. Powell Brown expressed confidence that Johnson's unique expertise will positively influence the company's future growth. Johnson also holds board positions with Global Payments Inc., Sylvamo Corporation, and Regions Financial Corp., among others.
Potential Positives
- Addition of Joia M. Johnson to the board enhances the diversity of experience and expertise, particularly in navigating complex challenges across multiple industries.
- Johnson's extensive background with publicly traded companies can provide valuable insights and guidance for Brown & Brown’s growth strategy and governance.
- The announcement reflects Brown & Brown's commitment to long-term value creation for shareholders, aligning leadership with the company's growth vision.
Potential Negatives
- The addition of Joia M. Johnson to the board may raise concerns about board diversity and representation if her appointment does not reflect a commitment to wider diversity initiatives within the company.
- The reliance on forward-looking statements in the press release may signal uncertainty about future performance and growth, which could lead to investor skepticism.
- Johnson's recent retirement from Hanesbrands Inc. could lead to questions about the circumstances surrounding her departure, potentially creating negative perceptions about her qualifications or readiness for the role.
FAQ
Who has joined Brown & Brown's board of directors?
Joia M. Johnson, the retired chief legal officer of Hanesbrands Inc., has joined Brown & Brown's board of directors.
What experience does Joia M. Johnson bring to Brown & Brown?
Johnson brings extensive leadership experience across multiple industries, including her roles at Hanes and RARE Hospitality International.
What is the significance of Joia Johnson's appointment?
Her appointment is expected to drive long-term value for shareholders and guide Brown & Brown through its growth journey.
What roles does Joia Johnson currently hold on other boards?
Johnson serves on the boards of Global Payments Inc., Sylvamo Corporation, and Regions Financial Corp., among others.
What is Brown & Brown, Inc. known for?
Brown & Brown, Inc. is a leading insurance brokerage firm known for delivering customized insurance solutions and innovative strategies.
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 Congressional Stock Trading
Members of Congress have traded $BRO stock 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 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 purchased up to $15,000 on 07/25.
- REPRESENTATIVE BYRON DONALDS has traded it 2 times. They made 2 purchases worth up to $30,000 on 03/20 and 0 sales.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$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 Hedge Fund Activity
We have seen 494 institutional investors add shares of $BRO stock to their portfolio, and 460 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 7,905,288 shares (+1479.7%) to their portfolio in Q2 2025, for an estimated $876,459,280
- CITADEL ADVISORS LLC added 5,254,331 shares (+40523.9%) to their portfolio in Q2 2025, for an estimated $582,547,677
- VANGUARD GROUP INC added 5,124,203 shares (+16.8%) to their portfolio in Q2 2025, for an estimated $568,120,386
- BALYASNY ASSET MANAGEMENT L.P. added 4,452,153 shares (+96891.3%) to their portfolio in Q2 2025, for an estimated $493,610,203
- CAISSE DE DEPOT ET PLACEMENT DU QUEBEC added 2,402,353 shares (+6673.0%) to their portfolio in Q2 2025, for an estimated $266,348,877
- BLACKROCK, INC. added 2,126,893 shares (+11.6%) to their portfolio in Q2 2025, for an estimated $235,808,626
- GHISALLO CAPITAL MANAGEMENT LLC added 2,100,000 shares (+inf%) to their portfolio in Q2 2025, for an estimated $232,827,000
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 4 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Keefe, Bruyette & Woods issued a "Underperform" rating on 07/31/2025
- B of A Securities issued a "Buy" rating on 07/30/2025
- BMO Capital issued a "Outperform" rating on 07/30/2025
- Wells Fargo issued a "Overweight" rating on 07/30/2025
- Truist Securities issued a "Buy" rating on 04/30/2025
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 12 analysts offer price targets for $BRO in the last 6 months, with a median target of $110.5.
Here are some recent targets:
- Matthew Heimermann from Citigroup set a target price of $112.0 on 08/13/2025
- Elyse Greenspan from Wells Fargo set a target price of $101.0 on 08/13/2025
- Bob Huang from Morgan Stanley set a target price of $109.0 on 08/08/2025
- C. Gregory Peters from Raymond James set a target price of $120.0 on 08/04/2025
- Meyer Shields from Keefe, Bruyette & Woods set a target price of $87.0 on 07/31/2025
- Michael Zaremski from BMO Capital set a target price of $106.0 on 07/30/2025
- Joshua Shanker from B of A Securities set a target price of $130.0 on 07/30/2025
Full Release
DAYTONA BEACH, Fla., Aug. 18, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the “Company”) announces the addition of Joia M. Johnson, retired chief legal officer, chief administrative officer, general counsel and corporate secretary of Hanesbrands Inc. (“Hanes”), to Brown & Brown’s board of directors.
H. Palmer Proctor, Jr., Brown & Brown’s lead independent director and chair of the Nominating/Corporate Governance Committee of Brown & Brown’s board of directors, said, “Joia brings not only a remarkable breadth and depth of experience, but also a keen ability to navigate complexity with the wisdom earned through years of leadership. As a well-rounded leader—with service on several publicly traded boards—she excels at confidently balancing strategic vision with practical execution.”
J. Powell Brown, the Company’s chief executive officer and a member of the board, commented, “As a dynamic and growing Forever Company , we remain focused on driving long-term value for our shareholders. We believe Joia’s extensive and unique experience across multiple industries will bring meaningful impact to our talented board and help guide Brown & Brown through the next phase of our growth journey. We are thrilled to welcome her to our team.”
Johnson retired from Hanes, a publicly traded marketer of innerwear and activewear apparel, in 2021. She most recently served as Hanes’ chief administrative officer from 2016 to 2021 and its chief legal officer, general counsel and corporate secretary from 2007 to 2021. Prior to Hanes, she served as executive vice president, general counsel and corporate secretary of RARE Hospitality International, Inc., a publicly traded restaurant franchise owner and operator, from 2001 until 2007.
During her career, Johnson has served on numerous public and private boards of directors. She currently sits on the board of directors of Global Payments Inc., where she is a member of the Compensation Committee and the Governance and Nominating Committee, and Sylvamo Corporation, where she is a member of the Nominating and Corporate Governance Committee and the Management Development and Compensation Committee. Additionally, she serves on the boards of directors of Regions Financial Corp., and its subsidiary, Regions Bank, where she is a member of the Nominating and Corporate Governance Committee and the Compensation and Human Resources Committee, which she chairs. Johnson previously was a member of the board of directors of Crawford & Company, a publicly traded insurance claims management and solutions company.
About Brown & Brown, Inc.
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 forward-looking statements relating to future results. 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 may differ, possibly materially, from those indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown’s results, as well as its other achievements, is contained in Brown & Brown’s filings with the Securities and Exchange Commission. 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