BRO BROWN & BROWN, INC.
Price Chart
Executive Summary
Mizuho upgraded Brown & Brown (BRO) from Neutral to Outperform on Feb 27, 2026, with a $85 price target (from $84), representing 53% upside from the current $55.69. This is part of a massive 17-firm cluster, but Mizuho's 52% accuracy on 2,227 calls is average. Consensus is heavily bearish-skewed: 19 Hold, 5 Buy, 1 Strong Buy, 0 Sell — 76% of analysts are neutral. The mean target is $73.80 (33% upside), with a high of $90 and low of $65. EPS revisions are negative: 30-day revisions down 9 for next quarter and 12 for next fiscal year. Insider activity is mildly bullish: one $114K buy from director H. Palmer Proctor on May 5. Congressional sells are small and non-informative. Short interest is elevated at 60.9% of TRF volume. The bottom line: Mizuho's call is contrarian against a wall of Hold ratings, but the firm's average track record and deteriorating EPS revisions temper conviction. The cluster of 17 firms suggests sector-wide re-rating, but the lack of earnings catalyst within 30 days and negative estimate momentum argue for a neutral-to-bullish tilt, not outright bullish.
Impact Score
Consensus & Targets
Consensus: 1 Strong Buy, 5 Buy, 19 Hold, 0 Sell, 0 Strong Sell — 25 analysts total. 76% are neutral (Hold), 24% bullish, 0% bearish. The consensus is heavily tilted toward the sidelines, making Mizuho's upgrade a contrarian call.
Current price: $55.69. Mean target: $73.80 (33% upside). Median: $72. High: $90 (Truist). Low: $65. Mizuho's $85 target is above the mean and median, ranking 2nd highest behind Truist's $90. Implied upside to Mizuho's PT: 53%.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 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 |
| 2026-04-09 | Wells Fargo | maintain | Equal-Weight | $72.00 |
| 2026-04-08 | Barclays | maintain | Equal-Weight | $72.00 |
30-day analyst activity: 1 upgrade (Mizuho), 0 downgrades. EPS revisions are negative: next quarter revisions down 9 vs up 4 in the last 30 days; next fiscal year down 12 vs up 2. Estimates are being revised lower across all periods, a bearish undercurrent.
Firm Track Record — Mizuho
Mizuho accuracy: 52% on 2227 calls | avg return: 4.7%
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 |
Mizuho has a 52% accuracy rate on 2,227 calls with an average return of 4.7% — average among firms covering BRO. Best firm: RBC Capital (67% on 3 calls, +4.2% avg return). Worst: Jefferies (0% on 3 calls, -10% avg return). Mizuho's track record is in-line with the peer average, not a standout.
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| +1q | $1.08 | $1.05 — $1.16 | $1.8B | ↑2 ↓0 |
| +1y | $4.88 | $4.63 — $5.03 | $7.5B | ↑2 ↓0 |
| 0q | $1.08 | $1.00 — $1.17 | $1.7B | ↑2 ↓0 |
| 0y | $4.50 | $4.35 — $4.67 | $7.1B | ↑0 ↓0 |
Cross-Platform Signals
Insider trades: 1 buy ($114K) from director H. Palmer Proctor on May 5 — a bullish signal opposing the negative estimate trend. Congressional sells: 5 small sells ($1K-$15K each) from Reps. Delaney and Moskowitz — non-informative. Institutional: Norges Bank entered new $517M position, FMR added 41.6% ($1.12B), UBS added 67.7% ($140M). Two Sigma exited. Short interest: 60.9% of TRF volume — elevated but not extreme. The insider buy and institutional accumulation converge with Mizuho's bullish call, while negative EPS revisions diverge.
Actionable Insight
Mizuho's upgrade is a contrarian call against a wall of Hold ratings, but the firm's average accuracy and deteriorating EPS revisions argue for caution. The insider buy and institutional inflows provide some confirmation. Traders should wait for a catalyst (earnings or estimate stabilization) before adding long exposure; the 53% upside to $85 is compelling but not imminent.
Documents Analyzed
Report based on filing metadata.
Track record builds as more directional reports settle.
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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