Brown & Brown Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:BTW Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
26 Nov 24	Sell€44,708,520	J. Brown	Individual	418,928	€106.72
29 Aug 24	Sell€12,703,503	J. Brown	Individual	134,640	€94.35
08 Aug 24	Sell€229,883	R. Watts	Individual	2,500	€91.95
07 Jun 24	Sell€278,700	Julie Turpin	Individual	3,350	€83.19
13 Mar 24	Sell€18,466,108	J. Brown	Individual	236,000	€78.62

Insider Trading Volume

Insider Buying: BTW insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of BTW?
Owner Type	Number of Shares	Ownership Percentage
State or Government	238,575	0.0834%
General Public	25,411,464	8.89%
Individual Insiders	47,234,381	16.5%
Institutions	213,073,970	74.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 61.92% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
13.3%	J. Brown	38,053,918	€3.7b	-1.09%	no data
10%	The Vanguard Group, Inc.	28,604,175	€2.8b	-0.32%	0.04%
6.27%	BlackRock, Inc.	17,922,833	€1.8b	7.5%	0.03%
4.48%	Principal Global Investors, LLC	12,817,010	€1.3b	0.03%	0.63%
3.8%	State Street Global Advisors, Inc.	10,866,620	€1.1b	0.04%	0.04%
3.35%	Select Equity Group, L.P.	9,573,280	€938.6m	-27.1%	3.24%
2.09%	Geode Capital Management, LLC	5,981,080	€586.4m	-0.13%	0.04%
2.09%	Eaton Vance Management	5,971,611	€585.5m	-9.72%	0.14%
1.91%	J. Brown	5,462,034	€535.5m	-0.17%	no data
1.38%	Goldman Sachs Asset Management, L.P.	3,936,033	€385.9m	-0.67%	0.1%
1.37%	Allspring Global Investments, LLC	3,915,425	€383.9m	0.72%	0.56%
1.27%	Capital Research and Management Company	3,629,565	€355.9m	155%	0.02%
1.17%	Norges Bank Investment Management	3,345,422	€328.0m	0%	0.03%
1.1%	Wells Fargo & Company, Securities and Brokerage Investments	3,150,391	€308.9m	-1.11%	0.1%
1.09%	First Eagle Investment Management, LLC	3,104,848	€304.4m	0.08%	0.42%
0.86%	Manulife Asset Management	2,451,378	€240.3m	-29.8%	0.19%
0.81%	Fenimore Asset Management, Inc.	2,324,876	€227.9m	-3.65%	4.76%
0.81%	Invesco Capital Management LLC	2,317,235	€227.2m	4%	0.09%
0.77%	Skagen AS	2,189,881	€214.7m	0%	3.27%
0.72%	UBS Asset Management AG	2,060,700	€202.0m	-13.8%	0.02%
0.71%	Northern Trust Global Investments	2,026,795	€198.7m	-6.76%	0.03%
0.67%	Brewin Dolphin Limited	1,918,694	€188.1m	14.7%	1.2%
0.65%	ProShare Advisors LLC	1,872,086	€183.5m	-14.7%	0.45%
0.64%	Barclays PLC Private Banking & Investment Banking Investment	1,833,451	€179.8m	5.71%	0.11%
0.61%	Madison Investment Holdings, Inc	1,734,746	€170.1m	4.03%	2.03%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 11:52
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Brown & Brown, Inc. is covered by 33 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jay Gelb	Barclays
Alex Scott	Barclays
Michael Zaremski	BMO Capital Markets Equity Research