In its first-quarter 2026 investor letter, Madison Mid Cap Fund highlighted stocks like Brown & Brown, Inc. (NYSE:BRO).
Brown & Brown, Inc. (NYSE:BRO) is a leading insurance brokerage firm that operates through Retail and Specialty Distribution segments
On June 29, 2026, Brown & Brown, Inc. (NYSE:BRO) closed at $63.96 per share, reflecting a market capitalization of $21.67 billion. Brown & Brown, Inc. (NYSE:BRO) posted a one-month return of 13.02%, while its shares lost 41.28% over the past 52 weeks. Madison Mid Cap Fund stated the following regarding Brown & Brown, Inc. (NYSE:BRO) in its Q1 2026 investor letter: “The bottom five detractors for the quarter were Gartner, Brown & Brown, Inc. (NYSE:BRO), ServiceTitan, Thor Industries, and Medpace Holdings.
Brown & Brown shares were down as organic growth slowed across the insurance broker industry at the same time investors worried about the potential for AI to replace brokers and allow carriers to sell directly to customers. We added to current holdings Brown & Brown. Brown & Brown was down on AI concerns, which we believe provided an opportunity to add.” Brown & Brown, Inc. (NYSE:BRO) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026.