BRO BROWN & BROWN, INC.
Price Chart
Executive Summary
Citigroup double upgraded the stock from Neutral to Buy on May 6, 2026, setting a $70 price target (+21% upside from $57.63). The move is a contrarian call against a consensus that is 75% Hold (18 of 24 analysts). The mean target is $74.93, implying 30% upside to current price. Citigroup has a 50% accuracy on 4 calls for this stock, below the average of covering firms. Near-term EPS revisions have been predominantly upward (6 up vs 2 down for current quarter), but next year's estimates are net negative. Institutional buying from FMR and UBS (adds of +41.6% and +67.7%) aligns with the upgrade, but congressional selling and a 60.9% short ratio diverge. The bottom line: a contrarian upgrade from a below-average firm, but supported by institutional accumulation and upward estimate revisions.
Impact Score
Consensus & Targets
Full consensus: 1 Strong Buy, 5 Buy, 18 Hold, 0 Sell, 0 Strong Sell (24 analysts total). 75% of analysts rate the stock Hold, making Citigroup's Buy upgrade a contrarian call. The consensus is heavily neutral, with no Sell ratings.
Current price: $57.63. Mean target: $74.93 (+30% upside). Median: $72.00. High: $90.00 (Truist Securities). Low: $65.00. Citigroup's $70 PT is below the mean and median, implying a more conservative view than the average analyst, but still above the low end.
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 |
In the last 30 days: 1 upgrade (Citigroup), 0 downgrades. EPS revision trend: current quarter – 6 revisions up vs 2 down over 30 days; next quarter – 6 up vs 1 down; current year – 5 up vs 3 down; next year – 3 up vs 5 down. Near-term estimates are being revised higher, but next year shows negative momentum.
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 has a 50% accuracy rate on 4 scored calls for this stock, with an average return of +1.6%. This is below the average of covering firms. The best performing firms are RBC Capital and Raymond James (both 67% on 3 calls). The worst is Jefferies (0% on 3 calls, avg return -10%). Citigroup's return is modest but positive.
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0q | $1.08 | $1.00 — $1.17 | $1.7B | ↑3 ↓0 |
| +1q | $1.09 | $1.05 — $1.16 | $1.8B | ↑4 ↓0 |
| 0y | $4.50 | $4.35 — $4.67 | $7.1B | ↑3 ↓0 |
| +1y | $4.89 | $4.63 — $5.08 | $7.5B | ↑2 ↓0 |
Cross-Platform Signals
Insider trades: none reported. Congressional trades: 5 sales totaling $5,005–$75,000 from three members (Moskowitz, Delaney, Donalds) in Feb–Mar 2026, all sells. Institutional changes: Norges Bank had a new position ($516M) and a subsequent exit; Two Sigma exited; FMR LLC added 41.6% ($1.12B); UBS added 67.7% ($140M). Short interest: 895,815 shares, 60.9% short ratio (relative to TRF volume). Institutional buying from FMR and UBS converges with the upgrade, but congressional selling and elevated short interest diverge.
Actionable Insight
Citigroup's double upgrade is a contrarian signal from a below-average accuracy firm, but supported by near-term EPS revisions upward and strong institutional accumulation. Traders should look for a break above $60 for confirmation, given the heavy hold consensus and high short interest.
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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