Short interest for Brown & Brown gives investors a sense of the degree to which investors are betting on the decline of Brown & Brown's stock. Short interest data is updated every two weeks.

Brown & Brown Stock (NYSE:BRO), Short Interest Report

Brown & Brown

Brown & Brown Inc is an insurance agent and broker that offers insurance products and services, primarily in the areas of property, casualty, and employee benefits, by connecting customers with insurance companies. It earns its revenue via commissions from insurance companies and direct fees from customers, and it generally has no underwriting risk exposure. More than half of its revenue is from its retail segment, which provides a broad range of insurance products and services to entities and individuals. Roughly a fourth of revenue is from its national programs segment, which provides, among other things, professional liability coverage for professionals. The company operates primarily in the United States, with its highest exposure in Florida.

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Ajit Jain of Berkshire Hathaway cautions on cyber insurance, highlighting profitability and risk concerns amidst increasing market demand.

Berkshire Hathaway&#39;s Ajit Jain Cautions On Cyber Insurance Amid Risks: &#39;Each Time You Write A Cyber Insurance Policy, You Are Losing Money&#39;

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Brown &amp; Brown Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#39;s Most Accurate Analysts

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Shares of Brown &amp; Brown, Inc. (NYSE: BRO) have been on an uptrend, after the company announced a new revenue target for fiscal 2024.

Brown &amp; Brown Rallied 14% After Earnings But Growth Could Decelerate, Analyst Says

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Cyber insurance has become a very fashionable space these days, said Ajit Jain, the vice chairman of insurance operations for Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>). Over the last few years, it has become <a href="https://www.benzinga.com/general/24/02/36987783/scott-mayor-founder-of-endurance-advises-businesses-on-managing-cyber-risk" target="_blank" rel="noreferrer noopener">at least a $10 billion market globally</a>.
Speaking at Berkshire Hathaway&#8217;s annual shareholder <a href="https://www.youtube.com/watch?v=X3wLdzddRtI" target="_blank" rel="noreferrer noopener">meeting </a>in Nebraska, Omaha, on Saturday, Jain said that the profitability of cyber insurance is also reasonably <a href="https://www.benzinga.com/news/24/05/38630719/warren-buffett-fears-the-ai-genie-thats-part-out-of-the-bottle-but-agrees-it-has-potential-to-do-goo" target="_blank" rel="noreferrer noopener">high, around 20% of the total premium</a>.
However, he said Berkshire tends to be very careful when considering cyber insurance liabilities because:
<ul>
<li>Knowing the quantum of losses subject to a single occurrence and the aggregation potential for cyber losses is tough.</li>
<li>According to Jain, if some cloud operations come to a standstill, the aggregation losses can be huge, and not being able to understand a &#8220;worst-case cap on it is what scares us.&#8221;</li>
<li>There is a difficulty in understanding the loss cost of cyber insurance — not just for a single loss, but for losses over time.</li>
</ul>
&#8220;We have been fairly well contained, out of 100 cents of the dollar of the premium losses over the last four, five years, I think, have not been beyond 40 cents of the dollar, leaving a decent profit margin,&#8221; Jain added. 
Still, he highlighted that, currently, there isn&#8217;t enough data to fully understand the true loss cost.
&#8220;I have discouraged [staff] from writing cyber insurances,&#8221; Jain said. &#8220;Each time you write a cyber insurance policy, you are losing money.&#8221;
As a result, while cyber insurance is projected to be a huge business, it could be associated with huge losses.
&#8220;Our approach is to sort of stay away from it right now until we can&nbsp;have access to&nbsp;some meaningful data,&#8221; Jain cautioned.
Since the pandemic, cyberattacks have surged twofold, according to a <a href="https://www.imf.org/en/Blogs/Articles/2024/04/09/rising-cyber-threats-pose-serious-concerns-for-financial-stability">report </a>by the International Monetary Fund. While many companies faced minor direct losses, some, like Equifax, endured significant tolls. Equifax, for example, spent over $1 billion on breach compensation and the transformation of its data security following a major 2017 data breach impacting 150 million consumers.
Major US-listed companies providing cyber insurance are:&nbsp;
<ul>
<li>Marsh &amp; McLennan Companies, Inc. Common Stock(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>)</li>
<li>Aon Plc Class A Ordinary Shares (Ireland)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>)</li>
<li>Arthur J. Gallagher &amp; Co. Common Stock(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>)</li>
<li>Brown &amp; Brown, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>)</li>
<li>Willis Towers Watson Public Limited Company &#8211; Ordinary Shares(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTW#NASDAQ">WTW</a>)</li>
</ul>
Berkshire Hathaway, on Saturday, registered a solid increase in <a href="https://www.businesswire.com/news/home/20240504932623/en/Berkshire-Hathaway-Inc.-First-Quarter-2024-Earnings-Release" target="_blank" rel="noreferrer noopener">first-quarter</a> operating earnings, driven by strength in its insurance businesses, <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">both in underwriting and investment income.</a> The company&#8217;s quarterly operating earnings of $11.22 billion rose over 39% <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">from $8.065 billion in the year-ago quarter.</a>
Photo: Shutterstock

Berkshire Hathaway's Ajit Jain Cautions On Cyber Insurance Amid Risks: 'Each Time You Write A Cyber Insurance Policy, You Are Losing Money'

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) with a Underperform and raises the price target from $80 to $82.

Keefe, Bruyette & Woods Maintains Underperform on Brown & Brown, Raises Price Target to $82

Brown &amp; Brown's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) short percent of float has risen 13.68% since its last report. The company recently reported that it has 2.59 million shares sold short, which is 1.08% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.72 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Brown &amp; Brown Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714572912_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Brown &amp; Brown has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Brown &amp; Brown's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Brown &amp; Brown's peer group average for short interest as a percentage of float is 3.07%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Peering Into Brown & Brown's Recent Short Interest

Wells Fargo analyst Elyse Greenspan maintains Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) with a Equal-Weight and raises the price target from $84 to $85.

Wells Fargo Maintains Equal-Weight on Brown & Brown, Raises Price Target to $85

Truist Securities analyst Mark Hughes maintains Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) with a Buy and raises the price target from $92 to $94.

Truist Securities Maintains Buy on Brown & Brown, Raises Price Target to $94

Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) reported quarterly Adj earnings of $1.14 per share which beat the analyst consensus estimate of $1.05 by 8.57 percent. The company reported quarterly sales of $1.258 billion which beat the analyst consensus estimate of $1.217 billion by 3.38 percent. This is a 12.72 percent increase over sales of $1.116 billion the same period last year.

Brown & Brown Q1 2024 Adj EPS $1.14 Beats $1.05 Estimate, Sales $1.258B Beat $1.217B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; MainStreet Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSB#NASDAQ">MNSB</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $17.10 million.
&bull; Dynex Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DX#NYSE">DX</a>) is likely to report quarterly loss at $0.09 per share on revenue of $-570 thousand.
&bull; Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $743.48 million.
&bull; Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) is likely to report quarterly earnings at $1.12 per share on revenue of $33.24 billion.
&bull; HBT Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBT#NASDAQ">HBT</a>) is projected to report quarterly earnings at $0.55 per share on revenue of $56.63 million.
&bull; AZZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $351.67 million.
&bull; Truist Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $5.70 billion.
&bull; Sify Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $149.30 million.
&bull; Washington Trust Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WASH#NASDAQ">WASH</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $31.50 million.
&bull; Bank of Hawaii (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOH#NYSE">BOH</a>) is estimated to report quarterly earnings at $0.87 per share on revenue of $160.21 million.
&bull; Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) is estimated to report earnings for its first quarter.
&bull; Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $18.47 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Globe Life (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>) is expected to report quarterly earnings at $2.79 per share on revenue of $1.42 billion.
&bull; NBT Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTB#NASDAQ">NBTB</a>) is likely to report quarterly earnings at $0.68 per share on revenue of $135.32 million.
&bull; Simpson Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) is expected to report quarterly earnings at $1.92 per share on revenue of $549.85 million.
&bull; Crane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CR#NYSE">CR</a>) is projected to report quarterly earnings at $1.12 per share on revenue of $546.38 million.
&bull; Hexcel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HXL#NYSE">HXL</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $473.78 million.
&bull; RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) is expected to report quarterly earnings at $1.60 per share on revenue of $367.78 million.
&bull; Alexandria Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>) is likely to report quarterly earnings at $2.32 per share on revenue of $772.57 million.
&bull; Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) is expected to report quarterly earnings at $8.20 per share on revenue of $4.12 billion.
&bull; Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $5.35 billion.
&bull; SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) is expected to report quarterly earnings at $1.11 per share on revenue of $8.56 billion.
&bull; AGNC Investment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $473.78 million.
&bull; Servisfirst Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NYSE">SFBS</a>) is expected to report quarterly earnings at $0.88 per share on revenue of $109.10 million.
&bull; HealthStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSTM#NASDAQ">HSTM</a>) is likely to report quarterly earnings at $0.11 per share on revenue of $72.02 million.
&bull; Lufax Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $1.02 billion.
&bull; Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $387.14 million.
&bull; SmartFinancial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMBK#NYSE">SMBK</a>) is expected to report quarterly earnings at $0.41 per share on revenue of $39.14 million.
&bull; Trustco Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRST#NASDAQ">TRST</a>) is expected to report quarterly earnings at $0.60 per share on revenue of $43.13 million.
&bull; Independent Bank Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBTX#NASDAQ">IBTX</a>) is expected to report quarterly earnings at $0.59 per share on revenue of $121.39 million.
&bull; Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) is likely to report quarterly earnings at $2.46 per share on revenue of $512.58 million.
&bull; Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) is likely to report quarterly earnings at $0.98 per share on revenue of $187.46 million.
&bull; Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) is likely to report quarterly earnings at $1.13 per share on revenue of $1.00 billion.
&bull; Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) is estimated to report quarterly earnings at $1.06 per share on revenue of $1.22 billion.
&bull; Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is likely to report quarterly earnings at $1.56 per share on revenue of $423.19 million.
&bull; Cadence Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CADE#NYSE">CADE</a>) is expected to report quarterly earnings at $0.55 per share on revenue of $427.01 million.
&bull; SPDR ICE Preferred Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSK#NYSE">PSK</a>) is estimated to report quarterly earnings at $0.18 per share on revenue of $129.00 million.
&bull; Enterprise Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFSC#NASDAQ">EFSC</a>) is expected to report quarterly earnings at $1.11 per share on revenue of $157.33 million.
&bull; RBB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBB#NASDAQ">RBB</a>) is likely to report quarterly earnings at $0.34 per share on revenue of $27.65 million.
&bull; Calix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) is likely to report quarterly earnings at $0.20 per share on revenue of $228.14 million.
&bull; First Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRBA#NASDAQ">FRBA</a>) is estimated to report quarterly earnings at $0.42 per share on revenue of $31.41 million.
&bull; Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) is likely to report quarterly earnings at $1.62 per share on revenue of $1.90 billion.
&bull; Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) is likely to report quarterly earnings at $3.85 per share on revenue of $8.51 billion.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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CDNS

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Earnings Scheduled For April 22, 2024

Brown &amp; Brown, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) is set to release earnings results for its first quarter after the closing bell on April 22, 2024.
Analysts expect the Daytona Beach, Florida-based company to report quarterly earnings at $1.05 per share, up from 84 cents per share in the year-ago period. Brown &amp; Brown is projected to report quarterly revenue of $1.22 billion, compared to $1.07 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Brown &amp; Brown recently acquired the assets of CHAPP and Citrus Insurance.
Brown &amp; Brown shares rose 1.3% to close at $82.17 on Friday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a>. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/BRO/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Citigroup analyst Michael Ward maintained a Buy rating and raised the price target from $89 to $94 on April 16, 2024. This analyst has an accuracy rate of 76%.</li>
<li>Wells Fargo analyst Elyse Greenspan maintained an Equal-Weight rating and boosted the price target from $81 to $84 on April 11, 2024. This analyst has an accuracy rate of 75%.</li>
<li>Keefe, Bruyette &amp; Woods analyst Meyer Shields maintained an Underperform rating and raised the price target from $75 to $80 on April 10, 2024. This analyst has an accuracy rate of 72%.</li>
<li>Raymond James analyst C. Gregory Peters reiterated an Outperform rating and boosted the price target from $90 to $95 on March 26, 2024. This analyst has an accuracy rate of 72%.</li>
<li>Truist Securities analyst Mark Hughes maintained a Buy rating and increased the price target from $85 to $92 on Jan. 24, 2024. This analyst has an accuracy rate of 80%.</li>
</ul>
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38333646/top-3-risk-off-stocks-that-may-rocket-higher-this-month">Top 3 Risk Off Stocks That May Rocket Higher This Month</a>

Brown & Brown Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Citigroup analyst Michael Ward maintains Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) with a Buy and raises the price target from $89 to $94.

Citigroup Maintains Buy on Brown & Brown, Raises Price Target to $94

Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) has outperformed the market over the past 5 years by 10.04% on an annualized basis producing an average annual return of 21.96%. Currently, Brown &amp; Brown has a market capitalization of $23.49 billion. 
Buying $100 In BRO: If an investor had bought $100 of BRO stock 5 years ago, it would be worth $269.28 today based on a price of $82.32 for BRO at the time of writing.
<h3>Brown &amp; Brown's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713200421_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Brown & Brown 5 Years Ago Would Be Worth Today

Wells Fargo analyst Elyse Greenspan maintains Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) with a Equal-Weight and raises the price target from $81 to $84.

Wells Fargo Maintains Equal-Weight on Brown & Brown, Raises Price Target to $84

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) with a Underperform and raises the price target from $75 to $80.

Keefe, Bruyette & Woods Maintains Underperform on Brown & Brown, Raises Price Target to $80

Brown &amp; Brown's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) short percent of float has risen 3.26% since its last report. The company recently reported that it has 2.25 million shares sold short, which is 0.95% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.01 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Brown &amp; Brown Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712609115_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Brown &amp; Brown has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Brown &amp; Brown's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Brown &amp; Brown's peer group average for short interest as a percentage of float is 3.03%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Brown & Brown's Recent Short Interest

Brown & Brown Acquires The Assets Of CHAPP And Citrus Insurance Services

Raymond James analyst C. Gregory Peters maintains Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) with a Outperform and raises the price target from $90 to $95.

Raymond James Maintains Outperform on Brown & Brown, Raises Price Target to $95

RBC Capital analyst Scott Heleniak maintains Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) with a Outperform and raises the price target from $87 to $95.

RBC Capital Maintains Outperform on Brown & Brown, Raises Price Target to $95

Shares of Brown &amp; Brown, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bro#NYSE">BRO</a>) have been on an uptrend, after the company announced a<a href="https://www.benzinga.com/news/earnings/24/01/36737563/brown-brown-takes-off-q4-results-send-stock-higher-as-company-sets-8b-revenue-goal"> new revenue target for fiscal 2024</a>.
The stock has rallied around 14%, after the company announced its earnings on Jan. 22, outperforming large-cap broker peers and S&amp;P 500 each up +7%, which has &ldquo;eroded upside,&rdquo; according to BofA Securities.
The Brown &amp; Brown Analyst: Grace Carter downgraded the rating for Brown &amp; Brown from Neutral to Underperform, while raising the price target from $80 to $86.
The Brown &amp; Brown Thesis: While the stock has rallied, the broker group continues to face growth and margin headwinds, Carter said in the downgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
&ldquo;Broker organic growth is tightly correlated with nominal GDP growth and has recently benefited from higher inflation,&rdquo; the analyst wrote. &ldquo;As CPI decelerates, so should organic growth for brokers, incl. Brown &amp; Brown,&rdquo; she added.
Carter further stated that Brown &amp; Brown&rsquo;s growth could move towards historical levels over the next couple of years, reaching 6.4% and 4.6% in 2024 and 2025, respectively, compared to the 10.2% growth reported in 2023.
BRO Price Action: Shares of Brown &amp; Brown had declined by 0.66% to $85.33 at the time of publication on Wednesday.
Image: Courtesy of Brown &amp; Brown

Brown & Brown Rallied 14% After Earnings But Growth Could Decelerate, Analyst Says

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>B of A Securities raised the price target for Brown &amp; Brown, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bro#NYSE">BRO</a>) from $80 to $86. B of A Securities analyst Grace Carter downgraded the stock from Neutral to Underperform. Brown &amp; Brown shares gained 1.2% to close at $85.90 on Tuesday. <a href="https://www.benzinga.com/quote/BRO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen boosted the price target for Kohl&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kss#NYSE">KSS</a>) from $28 to $31. TD Cowen analyst Oliver Chen maintained an Outperform rating. Kohl&#39;s shares fell 6.7% to close at $25.36 on Tuesday. <a href="https://www.benzinga.com/quote/KSS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BTIG cut MaxCyte, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mxct#NASDAQ">MXCT</a>) price target from $10 to $8. BTIG analyst Mark Massaro maintained a Buy rating. MaxCyte shares rose 0.3% to close at $3.98 on Tuesday. <a href="https://www.benzinga.com/quote/MXCT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley boosted the price target for Regeneron Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/regn#NASDAQ">REGN</a>) from $1,104 to $1,115. Morgan Stanley analyst Matthew Harrison maintained an Overweight rating. Regeneron Pharmaceuticals shares gained 0.6% to close at $970.57 on Tuesday. <a href="https://www.benzinga.com/quote/REGN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark slashed Ooma, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ooma#NYSE">OOMA</a>) price target from $18 to $15. Benchmark analyst Matthew Harrigan maintained the stock with a Buy rating. Ooma shares fell 1.8% to close at $8.76 on Tuesday. <a href="https://www.benzinga.com/quote/OOMA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler raised the price target for The Beauty Health Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skin#NASDAQ">SKIN</a>) from $2 to $3. Piper Sandler analyst Korinne Wolfmeyer maintained an Underweight rating. Beauty Health shares fell 1.4% to close at $3.59 on Tuesday. <a href="https://www.benzinga.com/quote/SKIN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities increased Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) price target from $1,040 to $1,280. B of A Securities analyst Ruplu Bhattacharya maintained a Buy rating. Super Micro Computer shares rose 7.8% to close at $1,163.00 on Tuesday. <a href="https://www.benzinga.com/quote/SMCI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities boosted NVIDIA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) price target from $925 to $1,100. B of A Securities analyst Vivek Arya maintained a Buy rating. NVIDIA shares rose 7.2% to close at $919.13 on Tuesday. <a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wolfe Research cut The Boeing Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) price target from $270 to $260. Wolfe Research analyst Myles Walton maintained an Outperform rating. Boeing shares fell 4.3% to close at $184.24 on Tuesday. <a href="https://www.benzinga.com/quote/BA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies raised Southwest Airlines Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/luv#NYSE">LUV</a>) price target from $20 to $28. Jefferies analyst Sheila Kahyaoglu upgraded the stock from Underperform to Hold. Southwest Airlines shares fell 14.9% to close at $28.76 on Tuesday. <a href="https://www.benzinga.com/quote/LUV/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37651162/brightcove-and-2-other-stocks-under-3-insiders-are-buying"> Brightcove And 2 Other Stocks Under $3 Insiders Are Buying </a>

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B of A Securities analyst Grace Carter downgrades Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) from Neutral to Underperform and raises the price target from $80 to $86.

B of A Securities Downgrades Brown & Brown to Underperform, Raises Price Target to $86

Brown & Brown Acquires The Assets Of DealerMax

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Brown & Brown (BRO – Research Report) and Zions Ban...

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Brown & Brown, Inc. (BRO) Q1 2024 Earnings Call Transcript

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Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Cadence Bank (CADE – Research Report), Ameriprise F...

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Truist Financial analyst Mark Hughes maintained a Buy rating on Brown & Brown (BRO – Research Report) today and set a price target of $94.00. The c...

Truist Financial Sticks to Its Buy Rating for Brown & Brown (BRO)

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Brown & Brown (BRO) Gets a Sell from KBW

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Dividends

Press Releases

Brown & Brown, Inc. announces quarterly cash dividend

Management

Kathleen A. Savio named to Brown & Brown, Inc. board of directors

Brown & Brown, Inc. announces fourth quarter 2023 results, including total revenues of $1,026.2 million, an increase of 13.8%; Organic Revenue growth of 7.7%; diluted net income per share of $0.94; Diluted Net Income Per Share - Adjusted of $0.58; and a new alignment of its businesses into three segments

Wedding Protector Plan wins prestigious 2024 WeddingWire Couples' Choice Award® for the ninth straight year

Brown & Brown, Inc. acquires the assets of Hillco Insurance

Brown & Brown, Inc. acquires the assets of DealerMax

Brown & Brown, Inc. announces 2024 first-quarter earnings release and conference call dates

Brown & Brown, Inc. announces senior leadership team appointments

Brown & Brown, Inc. acquires the assets of CHAPP, Inc. and Citrus Insurance Services, Inc.

Brown & Brown, Inc. announces first quarter 2024 results, including total revenues of $1,258 million, an increase of 12.7%; Organic Revenue growth of 8.6%; diluted net income per share of $1.02; Diluted Net Income Per Share - Adjusted of $1.14; and a quarterly dividend of $0.13 per share

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Brown & Brown Stock (NYSE:BRO), Short Interest Report

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