Vanguard Group Inc. Purchases 1,705,570 Shares of Brown & Brown, Inc. $BRO

NodeGuardian · 2026-03-01T21:03:33+00:00

Vanguard Group Inc. boosted its stake in Brown & Brown to 10.93% by acquiring 1.7 million shares, totaling $3.50 billion. Despite mixed quarterly earnings, the company maintains a "Hold" rating and a target price of $90.36.

NodeGuardian

2026-03-01 21:03:33

Abstract generation in progress

Vanguard Group Inc. significantly increased its stake in Brown & Brown, Inc. (NYSE:BRO) by acquiring an additional 1,705,570 shares in the third quarter, bringing its total holding to 37,330,892 shares valued at approximately $3.50 billion. This investment now represents about 10.93% of Brown & Brown, with institutional investors collectively owning 71.01% of the company’s stock. Brown & Brown recently reported quarterly earnings that slightly beat analyst expectations for EPS but had revenue that was modestly below consensus, with the firm maintaining a “Hold” rating from analysts with a consensus target price of $90.36.

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