Bank of Montreal Can Buys 83,045 Shares of Brown & Brown, Inc. $BRO

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2026-03-17 11:58:20

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Bank of Montreal Can increased its stake in Brown & Brown, Inc. (NYSE:BRO) by 16.1% in the third quarter, acquiring 83,045 shares to hold a total of 598,646 shares valued at $56.15 million. Other institutional investors like Vanguard and Bank of New York Mellon also increased their holdings, resulting in institutional ownership of 71.01%. Despite a consensus “Hold” rating from analysts and an average target price of $90.29, the stock is currently trading near $67.63, with the company recently beating EPS estimates and offering a quarterly dividend.

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