Brown & Brown, Inc. appoints Steve Hearn as COO, overseeing global operations to enhance growth and industry leadership.
Quiver AI Summary
Brown & Brown, Inc. announced that Steve Hearn has been appointed to lead all operations outside of North America for both its Retail and Specialty Distribution segments, effective immediately. This decision, according to CEO Powell Brown, is based on Hearn's extensive experience and connections in the global market, and aims to enhance the company’s global capabilities and growth, while solidifying its leadership position in the industry. Brown & Brown, a prominent insurance brokerage firm since 1939, operates in over 700 locations worldwide with a workforce of more than 23,000 professionals, providing comprehensive insurance solutions. The press release also contains forward-looking statements regarding the company's future performance and highlights the unpredictability of such outcomes.
Potential Positives
- Steve Hearn's appointment as leader of global operations reflects the company's commitment to strengthening its international presence and leveraging global capabilities.
- This strategic leadership change could drive continued growth and investment in the global marketplace, enhancing Brown & Brown's position as an industry leader.
- The announcement reinforces the company's focus on providing value to shareholders and partners, indicating a proactive approach to market expansion.
Potential Negatives
- There may be concerns about the company's reliance on a single executive, Steve Hearn, to oversee all operations outside North America, potentially leading to vulnerabilities if his performance does not meet expectations.
- The forward-looking statements indicate uncertainty about future results, which may raise red flags for investors regarding the company's projected growth and stability.
FAQ
Who is the new leader for operations outside North America at Brown & Brown?
Steve Hearn has been appointed to lead all operations outside North America.
What segments will Steve Hearn oversee globally?
Steve Hearn will manage operations in both the Retail and Specialty Distribution segments.
What qualifications does Steve Hearn bring to his new role?
Steve Hearn has extensive experience and deep relationships in the global market.
What is the mission of Brown & Brown, Inc.?
Brown & Brown is dedicated to delivering comprehensive and customized insurance solutions globally.
When was Brown & Brown, Inc. established?
Brown & Brown, Inc. was established in 1939 and has a strong global presence.
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 465 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
- BMO Capital issued a "Outperform" rating on 07/30/2025
- Wells Fargo issued a "Overweight" rating on 07/30/2025
- B of A Securities issued a "Buy" 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:
- Bob Huang from Morgan Stanley set a target price of $105.0 on 08/18/2025
- Elyse Greenspan from Wells Fargo set a target price of $101.0 on 08/13/2025
- Matthew Heimermann from Citigroup set a target price of $112.0 on 08/13/2025
- 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
- Joshua Shanker from B of A Securities set a target price of $130.0 on 07/30/2025
- Michael Zaremski from BMO Capital set a target price of $106.0 on 07/30/2025
Full Release
DAYTONA BEACH, Fla., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (“the Company”) announced today that Chief Operating Officer Steve Hearn will lead all operations outside of North America across both the Retail and Specialty Distribution segments, effective immediately.
“Steve brings extensive experience and deep relationships in the global market. Tapping him to lead operations beyond our North American footprint will enable our ability to leverage robust global capabilities, drive continued growth, further invest in the global marketplace and strengthen our position as an industry leader worldwide,” said Powell Brown, president and chief executive officer. “We look forward to Steve’s continued leadership and the value he will provide for our current and future teammates, customers, carrier partners and shareholders around the world.”
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 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. 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
