Illinois Municipal Retirement Fund Sells 17,427 Shares of Brown & Brown, Inc. $BRO

NodeGuardian · 2026-03-05T15:17:35+00:00

The Illinois Municipal Retirement Fund drastically reduced its stake in Brown & Brown, Inc. by 77.7%, while other institutions increased their holdings. Despite an EPS beat, the company missed revenue targets and currently trades around $69.57 with a "Hold" rating.

NodeGuardian

2026-03-05 15:17:35

Abstract generation in progress

The Illinois Municipal Retirement Fund significantly reduced its holdings in Brown & Brown, Inc. (NYSE:BRO) by 77.7% in the third quarter, selling 17,427 shares and retaining 5,012 shares valued at $470,000. Despite this, other major institutions like Bank of New York Mellon, Tandem Investment Advisors, Invesco, and Sumitomo Mitsui increased their stakes, with institutional investors now owning 71.01% of the company. Brown & Brown reported an EPS beat but a slight revenue miss, trades near $69.57, and maintains a consensus “Hold” rating from analysts with an average price target of $90.36.

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