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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#4733
Positioning
Market Dominance
Finance, Insurance, And Real Estate
Insurance
$30.9B
J. Powell Brown
Brown & Brown, Inc. operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers property and casualty, employee benefits insurance products. The National Programs segment offers professional liability and related package insurance products for dentistry, legal, eyecare, insurance, financial, physicians, real estate title professionals. The Services segment offers third-party claims administration and medical utilization management services in the workers' compensation and all-lines liability arenas.
Headcount
15.2K
HQ Base
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Dates updated upon official exchange announcement.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = BRO ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$SII SPROTT INC. | 75 | 91 | 87 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PUK PRUDENTIAL PLC | 73 | 88 | 97 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NMR NOMURA HOLDINGS INC | 72 | 81 | 92 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PSLV Sprott Physical Silver Trust | 69 | 82 | 80 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UFCS UNITED FIRE GROUP INC | 68 | 81 | 93 | 76 | 5.0x | 3.5x | 13.2% | 4.1% | 99.9% | 14.7% | 11.1% | 9.2% | 2.1% | 16.0x | $775M | VS | |
$SLF SUN LIFE FINANCIAL INC | 68 | 83 | 95 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CBOE Cboe Global Markets, Inc. | 68 | 75 | 63 | 77 | 21.3x | 15.7x | 24.0% | 13.7% | 41.7% | 32.4% | 26.4% | 8.2% | 1.1% | 30.0x | $25.7B | VS | |
$VTMX Vesta Real Estate Corporation, S.A.B. de C.V. | 67 | 69 | 77 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PHYS Sprott Physical Gold Trust | 67 | 64 | 82 | 91 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GLDM World Gold Trust | 66 | 54 | 85 | 92 | 11.3x | 11.3x | - | 20.9% | 100.0% | 97.1% | 554.8% | -19.0% | 0.0% | - | $32.0B | VS | |
$BRO BROWN & BROWN, INC. | 26 | 24 | 26 | 12 | 22.9x | 22.0x | 8.2% | 3.5% | 0.0% | 24.7% | 19.1% | 36.3% | 0.6% | 61.0x | $30.9B | ||
| SECTOR BENCH | - | - | - | - | - | 11.9x | 7.8x | 9.0% | 1.3% | 77.7% | 18.1% | 21.9% | 10.7% | 2.0% | 0.5x | - | REF |
BROWN & BROWN, INC. (BRO) receives a "Avoid" rating with a composite score of 26.1/100. It ranks #4733 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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DAYTONA BEACH, Florida
Lagging peers — losers tend to keep underperforming
Expensive relative to fundamentals — limited margin of safety
Weak fundamentals — higher risk of value trap
Average volatility — neutral timing signal
Aggressive spending — empire-building risk, dilutive growth
Below-average composite — caution warranted
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Relative valuation derived from Finance, Insurance, And Real Estate sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for BRO.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 24 | 7 | +17ALPHA |
| MOMENTUM | 12 | 5 | +7ALPHA |
| VALUATION | 26 | 18 | +8ALPHA |
| INVESTMENT | 21 | 6 | +15ALPHA |
| STABILITY | 54 | 57 | -3NEUTRAL |
| SHORT INT | 22 | 8 | +14ALPHA |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC 25.7% vs WACC 8.3% (spread +17.4%)
GM 0% vs sector 78%, OM 25% vs sector 18%
Capital turnover 1.42x
Rev growth 36%, 10yr history
Interest coverage N/A, Net debt/EBITDA 3.0x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate BROWN & BROWN, INC. (BRO) as Avoid with a composite score of 26.1/100 at a current price of $69.83. The stock falls in the bottom quintile, and the multi-factor weakness suggests a high probability of continued underperformance.
BROWN & BROWN, INC. holds a top-quartile position (#0 of 50) within the Finance, Insurance, And Real Estate sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 26.1/100 places it at rank #4733 in our full universe.
Narrow
Medium
Standard
Fair Value
Stable competitive position in a defensive sector.
Weak momentum suggests persistent institutional selling pressure.
Below-average quality raises earnings sustainability concerns.
Vulnerability to macroeconomic shocks and interest rate volatility.
BROWN & BROWN, INC. represents a avoid based on multi-factor quantitative performance.
Our quantitative model flags BROWN & BROWN, INC. with an Avoid rating, assigning a composite score of 26.1/100 and 1 out of 5 stars. Ranked #4733 of 7,333 stocks, BRO falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
BROWN & BROWN, INC. registers a weak quality score of just 24/100, indicating significant profitability challenges. The company reports a return on equity of 8.2% (sector avg: 9.0%), gross margins of 0.0% (sector avg: 77.7%), net margins of 19.1% (sector avg: 21.9%). Low quality scores are often associated with businesses in turnaround mode, early-stage growth, or structurally challenged industries.
BRO registers a value score of just 26/100, suggesting the stock trades at a significant premium to its fundamental metrics. Key valuation metrics include a P/E ratio of 22.87x, an EV/EBITDA of 22.00x, a P/B ratio of 1.88x. High-premium valuations like this require strong future execution to avoid multiple compression, and downside risk is elevated if growth disappoints.
BROWN & BROWN, INC.'s investment score of 21/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of 36.3% vs. a sector average of 10.7% and a return on assets of 3.5% (sector: 1.3%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
BROWN & BROWN, INC. is experiencing notably weak momentum with a score of just 12/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at 36.3% year-over-year, while a beta of 0.30 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
With a stability score of 54/100, BRO exhibits average financial resilience. Key stability metrics include a beta of 0.30 and a debt-to-equity ratio of 61.00x (sector avg: 0.5x). While the balance sheet is not a major concern, the stock is subject to typical market volatility and may experience sharper drawdowns during risk-off episodes.
BROWN & BROWN, INC.'s short interest score of 22/100 reveals significant bearish positioning, suggesting institutional investors are actively betting against the stock. Specific risk factors include elevated leverage (D/E: 61.00x). At $30.9B (large-cap), BRO carries meaningful risk and is best suited for investors with high risk tolerance who have thoroughly evaluated the bear thesis.
BRO offers a modest dividend yield of 0.6%. This compares to a sector average dividend yield of 2.0%. While the income contribution is relatively small, even a small dividend signals management's commitment to shareholder returns and can serve as a signal of financial discipline.
BROWN & BROWN, INC. is a large-cap company in the Finance, Insurance, And Real Estate sector, ranked #0 of 50 in its sector (100th percentile) and #4733 of 7,333 overall (35th percentile). Key comparisons include ROE of 8.2% trailing the 9.0% sector median and operating margins of 24.7% above the 18.1% sector average. This top-quartile standing reflects exceptional competitive strength relative to Finance, Insurance, And Real Estate peers.
While BRO currently exhibits a AVOID profile, superior opportunities exist within the FINANCE, INSURANCE, AND REAL ESTATE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Finance, Insurance, And Real Estate Alpha →Quant Factor Profile
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Improvement in Momentum (12) would have the largest impact on the composite score.
EV/EBITDA 183% ABOVE SECTOR MEDIAN
ROE 8% BELOW SECTOR MEDIAN
Gross Margin 100% BELOW SECTOR MEDIAN
Brown & Brown, Inc. recently appointed Dorothea (“Dori”) Henderson as chief information technology officer, completed a long-running US$622.96 million share repurchase program, and expanded its Brown & Brown Dealer Services unit through the acquisition of American Adventure Insurance. These moves, alongside strong fourth quarter 2025 revenue and net income growth, highlight how Brown & Brown is pairing technology investment and acquisition-led expansion with ongoing capital returns to...
American Adventure provides insurance programmes sold through dealerships across vehicle segments.
Brown & Brown, Inc. (NYSE:BRO) has acquired the assets of The Protectorate Group Insurance Agency, Inc., operating as American Adventure Insurance. The acquisition expands Brown & Brown Dealer Services' capabilities in providing insurance solutions for dealerships across vehicle types including motor homes, boats, and motorcycles. Paul Bender, the owner of American Adventure with 30+ years of experience, will lead the integration with his team of over 1,500 dealership partners.
Brown & Brown, Inc. (NYSE: BRO) announced that its subsidiary Bridge Specialty Group has acquired the assets of Shoemaker & Besser Associates, Inc., a Pennsylvania-based managing general agent and wholesale insurance brokerage established in 1959. The acquisition will enhance Bridge Specialty Group's contract binding and light brokerage offerings while allowing Shoemaker & Besser to maintain operations in York, Pennsylvania with expanded market access.
Brown & Brown, Inc. has acquired the assets of J. Kevin Campbell Agency, a workers' compensation insurance solutions provider founded in 1991. The acquisition brings Kevin Campbell and Kian Ostovar's expertise to Brown & Brown's Tampa and Ocala offices.
Above 50MA
37.18%
Net New Highs
+51081