Brown & Brown Inc. (BRO) Releases Q1 2026 Earnings: Revenue Growth but EPS Miss

Brown & Brown Inc. (BRO) reported first-quarter 2026 revenue of $1.9 billion, up 35.4% year-over-year, coming in slightly below the consensus revenue estimate of $1.93 billion.

Gross profit: $994 million (+37.9% year-over-year)

Operating profit: $572 million (+21.4% year-over-year)

Net income attributable to common shareholders: $426 million (+28.7% year-over-year)

Cost of sales: $907 million (+32.8% year-over-year)

Diluted earnings per share: 1.06 (-7.83% year-over-year)

Cash from operating activities: $262 million (+23.0% year-over-year)

Capital expenditures (purchases of property, plant and equipment): $21 million (+23.5% year-over-year)

Cash and cash equivalents: $1.0 billion (+49.9% year-over-year)

Total liabilities: $17.1 billion (+72.3% year-over-year)

The company’s reported diluted EPS of 1.06 missed the EPS estimate of 1.38, while revenue trailed the consensus by a small margin, leaving mixed signals between strong top-line growth and softer per-share profitability for the quarter.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

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Brown & Brown Inc. Hedge Fund Activity

We have seen 386 institutional investors add shares of Brown & Brown Inc. stock to their portfolio, and 496 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL INTERNATIONAL INVESTORS added 4,663,165 shares (+inf%) to their portfolio in Q4 2025, for an estimated $371,654,250
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 4,628,321 shares (-75.6%) from their portfolio in Q4 2025, for an estimated $368,877,183
SELECT EQUITY GROUP, L.P. added 3,358,403 shares (+55.3%) to their portfolio in Q4 2025, for an estimated $267,664,719
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. added 2,589,048 shares (+132.8%) to their portfolio in Q4 2025, for an estimated $206,347,125
NORGES BANK added 2,572,629 shares (+65.8%) to their portfolio in Q4 2025, for an estimated $205,038,531
BOSTON PARTNERS removed 1,570,698 shares (-98.9%) from their portfolio in Q4 2025, for an estimated $125,184,630
ROYAL BANK OF CANADA removed 1,491,211 shares (-30.5%) from their portfolio in Q4 2025, for an estimated $118,849,516

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

Brown & Brown Inc. Congressional Stock Trading

Members of Congress have traded $BRO stock 14 times in the past 6 months. Of those trades, 8 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $BRO stock by members of Congress over the last 6 months:

REPRESENTATIVE BYRON DONALDS has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 02/10.
REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 6 times. They made 6 purchases worth up to $90,000 on 02/06, 12/12, 12/05, 11/20, 10/31, 10/29 and 0 sales.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 11/18 and 1 sale worth up to $15,000 on 01/09.
REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 12/11.
REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/30 and 2 sales worth up to $30,000 on 10/31, 10/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

Brown & Brown Inc. Analyst Ratings

Wall Street analysts have issued reports on $BRO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Truist Securities issued a "Buy" rating on 01/15/2026

To track analyst ratings and price targets for Brown & Brown Inc., check out Quiver Quantitative's $BRO forecast page.

Brown & Brown Inc. Price Targets

Multiple analysts have issued price targets for $BRO recently. We have seen 15 analysts offer price targets for $BRO in the last 6 months, with a median target of $81.0.

Here are some recent targets:

Joshua Shanker from B of A Securities set a target price of $88.0 on 04/14/2026
Yaron Kinar from Mizuho set a target price of $84.0 on 04/13/2026
Elyse Greenspan from Wells Fargo set a target price of $72.0 on 04/09/2026
Pablo Singzon from JP Morgan set a target price of $85.0 on 04/09/2026
Alex Scott from Barclays set a target price of $72.0 on 04/08/2026
Robert Cox from Goldman Sachs set a target price of $73.0 on 04/08/2026
Meyer Shields from Keefe, Bruyette & Woods set a target price of $74.0 on 04/07/2026