MicroVision MOVIA lidar gains support on NVIDIA DRIVE AGX platform
DAYTONA BEACH, Fla. - Insurance brokerage firm Brown & Brown, Inc. (NYSE:BRO) announced Wednesday that its board of directors has declared a regular quarterly cash dividend of $0.15 per share.
The dividend will be payable on August 20, 2025, to shareholders of record on August 13, 2025, according to a company press release. InvestingPro data shows Brown & Brown has raised its dividend for 32 consecutive years, demonstrating strong commitment to shareholder returns.
Brown & Brown, established in 1939, operates as an insurance brokerage firm with over 500 locations globally and employs more than 17,000 professionals. The company provides risk management solutions to its customers.
The quarterly dividend announcement represents a continuation of the company’s regular dividend payments to shareholders.
In other recent news, Brown & Brown has announced its plans to acquire Accession Risk Management for approximately $9.83 billion. This acquisition is a significant move within the insurance brokerage industry, known for its fragmented nature. The transaction is expected to close in the third quarter of 2025, pending regulatory approvals. To fund this acquisition, Brown & Brown has priced a public offering of 39,215,686 shares of common stock at $102 per share, aiming to raise $4 billion. Additionally, the company has granted underwriters a 30-day option to purchase up to $400 million in additional shares.
In related developments, BMO Capital has raised its price target on Brown & Brown’s stock to $122, maintaining an Outperform rating. This adjustment follows the acquisition announcement, which BMO Capital believes adds valuable diversification to the company’s portfolio. Meanwhile, Keefe, Bruyette & Woods has also raised its price target to $102, while maintaining an Underperform rating. Both firms have adjusted their earnings estimates for 2025 and 2026, reflecting the anticipated impact of the acquisition.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.