BRO BROWN & BROWN, INC.
Price Chart
Executive Summary
Citigroup double-upgraded BRO from Neutral to Buy on May 6, setting a $70 price target, representing 23.7% upside from the current $56.59. Citigroup's accuracy on BRO is 50% (2 of 4 calls) with an average return of 1.6%, below the top-tier firms covering the stock. The consensus is heavily tilted to Hold — 69% of analysts rate it Hold, 31% Buy, with a mean target of $73 and a high of $90. EPS revisions have been negative over the past 30 days, with 11 downgrades vs 3 upgrades for the current quarter, and 12 downgrades vs 2 upgrades for next fiscal year. An insider buy of $114,200 by Director H. Palmer Proctor on May 5 provides a modest bullish contra-signal to the broader negative estimate trend. Short interest is elevated at 59.8% of volume, suggesting potential squeeze risk. The bottom line: Citigroup's contrarian upgrade stands out against a consensus of Hold ratings and falling estimates, but the firm's below-average track record tempers conviction.
Impact Score
Consensus & Targets
Consensus: 31% Buy (2 Strong Buy, 6 Buy), 69% Hold (18 Hold), 0% Sell. Total 26 analysts. The consensus is overwhelmingly cautious, with nearly 7 in 10 analysts at Hold.
Current price: $56.59. Mean target: $73 (29.0% upside). Median: $71. High: $90 (Truist). Low: $60 (Morgan Stanley). Citigroup's $70 PT is slightly below the mean and median, ranking in the lower third of the range.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-05-21 | Citizens | initiate | Market Outperform | $70.00 |
| 2026-05-21 | Morgan Stanley | maintain | Equal-Weight | $60.00 |
| 2026-05-06 | Citigroup | upgrade | Buy | $70.00 |
| 2026-04-29 | RBC Capital | maintain | Sector Perform | $72.00 |
| 2026-04-29 | Wells Fargo | maintain | Equal-Weight | $69.00 |
| 2026-04-29 | Keefe, Bruyette & Woods | maintain | Market Perform | $72.00 |
| 2026-04-29 | Truist Securities | maintain | Buy | $90.00 |
| 2026-04-14 | B of A Securities | maintain | Neutral | $88.00 |
| 2026-04-13 | Mizuho | maintain | Outperform | $84.00 |
| 2026-04-09 | JP Morgan | maintain | Neutral | $85.00 |
30-day analyst activity: 1 upgrade (Citigroup), 0 downgrades. EPS revision trend is negative: current quarter saw 11 downgrades vs 3 upgrades over 30 days, and next fiscal year saw 12 downgrades vs 2 upgrades. Estimates are being revised lower across all periods.
Firm Track Record — Citigroup
Citigroup accuracy: 55% on 4355 calls | avg return: 4.9%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 12 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| RBC Capital | 67% | 2/3 | 4.2% | top tier |
| Raymond James | 67% | 2/3 | -0.9% | top tier |
| Keefe, Bruyette & Woods | 60% | 6/10 | -1.6% | above average |
| Wells Fargo | 55% | 6/11 | -1.2% | above average |
| B of A Securities | 50% | 3/6 | 1.7% | below average |
| Citigroup | 50% | 2/4 | 1.6% | below average |
| Truist Securities | 38% | 3/8 | 0.5% | below average |
| Morgan Stanley | 33% | 2/6 | -10.9% | below average |
| UBS | 33% | 1/3 | -1.8% | below average |
| BMO Capital | 33% | 1/3 | -14% | below average |
Citigroup's accuracy on BRO is 50% (2 correct out of 4 calls) with an average return of 1.6%, classified as below average. Top-tier firms on BRO are RBC Capital and Raymond James, both at 67% accuracy (2 of 3). The worst performers are Jefferies (0% on 3 calls, -10% avg return) and BMO Capital (33%, -14% avg return).
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0q | $1.08 | $1.00 — $1.17 | $1.7B | ↑0 ↓0 |
| +1q | $1.08 | $1.04 — $1.16 | $1.8B | ↑0 ↓0 |
| +1y | $4.86 | $4.63 — $5.03 | $7.4B | ↑0 ↓0 |
| 0y | $4.50 | $4.35 — $4.67 | $7.1B | ↑0 ↓0 |
Cross-Platform Signals
Insider trading: One buy of $114,200 by Director H. Palmer Proctor on May 5, the day before the upgrade — a bullish contra-signal to the bearish estimate trend. Congressional: 4 small sells ($1k-$15k each) by Reps. Delaney and Moskowitz in March-April 2026, non-informative. Institutional: Norges Bank took a new $517M position, FMR added 41.6% ($1.12B), UBS added 67.7% ($140M). Two Sigma exited. Short interest is 59.8% of volume, elevated and potentially supportive of a squeeze.
Actionable Insight
Citigroup's double upgrade is a contrarian call against a consensus of Hold ratings and falling estimates, but the firm's below-average accuracy limits conviction. The insider buy and heavy institutional accumulation provide some support, but the negative EPS revision trend warrants caution.
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 14, 2026
today
|
Institutional Cluster
| — | awaiting T+5 | — | — |
|
Jun 6, 2026
9d ago
|
ANALYST-UPGRADE
| $56.51 $54.19 | ▼ −4.11% | ▼ −5.28% | $59.99 (+6.17%) |
|
Jun 5, 2026
9d ago
|
8-K
| $58.26 awaiting T+5 | awaiting T+5 | — | $59.99 (+2.97%) |
|
May 21, 2026
24d ago
|
ANALYST-UPGRADE
| $58.36 $56.84 | ▼ −2.60% | ▼ −4.19% | $59.99 (+2.80%) |
|
May 16, 2026
29d ago
|
ANALYST-UPGRADE
| $71.61 $73.29 | ▲ +2.34% | ▲ +4.03% | $59.99 (−16.23%) |
|
May 6, 2026
5w ago
|
ANALYST-UPGRADE
| $56.51 $55.77 | ▼ −1.30% | ▼ −2.43% | $59.99 (+6.17%) |
|
Apr 27, 2026
6w ago
|
8-K
| $63.03 $57.64 | ▼ −8.54% | ▼ −10.24% | $59.99 (−4.82%) |
|
Apr 27, 2026
6w ago
|
Press Release
| $63.03 $57.64 | ▼ −8.54% | ▼ −10.24% | $59.99 (−4.82%) |
|
Apr 16, 2026
8w ago
|
ANALYST-UPGRADE
| $68.81 $67.53 | ▼ −1.86% | ▼ −2.84% | $59.99 (−12.81%) |
|
Apr 9, 2026
9w ago
|
8-K
| $67.13 $68.81 | ▲ +2.50% | ▼ −0.68% | $59.99 (−10.63%) |
US Market Status
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