BTW.F
Brown & Brown, Inc.
FrankfurtEUREQUITY
Financial Services
DELAYED
Last price
61.80
▲ 0.78 (1.28%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
61.80
Prev close
61.02
Day high
61.80
Day low
61.80
Volume
4
Market cap
$20.68B
P/E (TTM)
23.06
52W range
46.27 – 83.24
Day trading desk
Gap from prior close
+1.28%
Prior close 61.02
VWAP
—
—
Relative volume
0.00×
Quiet session
Session range
—
61.80 – 61.80
Position in range
—
—
ATR (14D)
0.65
1.05% of price
Prior day high
61.02
PDH
Prior day low
61.02
PDL
Bid / ask spread
—
Quote not published
Session volume
—
Avg 40
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+2.49%
+3.6%
1M
+7.48%
+4.1%
3M
+24.27%
+21.8%
6M
+5.60%
-6.3%
YTD
-9.73%
-21.7%
1Y
-24.89%
-45.1%
3Y
-8.93%
-84.0%
5Y
+25.61%
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on BTW.F open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
44.44M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 9, 26 | JOHNSON JOIA M Director |
BUY | 860 | $49.92K | Indirect |
| May 6, 26 | MAIN TIMOTHY R M Director |
STOCK | 2.43K | $0 | Direct |
| May 6, 26 | HUNT JAMES S Director |
STOCK | 2.43K | $0 | Direct |
| May 6, 26 | GELLERSTEDT LAWRENCE L III Director |
STOCK | 2.43K | $0 | Direct |
| May 6, 26 | MASOJADA BRONISLAW EDMUND Director |
STOCK | 2.43K | $0 | Direct |
| May 6, 26 | SAVIO KATHLEEN A Director |
STOCK | 2.43K | $0 | Direct |
| May 6, 26 | HOEPNER THEODORE J JR Director |
STOCK | 2.43K | $0 | Direct |
| May 6, 26 | JENNINGS TONI Director |
STOCK | 2.43K | $0 | Direct |
| May 6, 26 | REILLY WENDELL S Director |
STOCK | 2.43K | $0 | Direct |
| May 6, 26 | JOHNSON JOIA M Director |
STOCK | 2.43K | $0 | Direct |
| May 6, 26 | PATEL JAYMIN B Director |
STOCK | 2.43K | $0 | Direct |
| May 6, 26 | KRUMP PAUL J Director |
STOCK | 2.43K | $0 | Direct |
| May 6, 26 | PROCTOR H PALMER JR Director |
STOCK | 2.43K | $0 | Direct |
| May 5, 26 | PROCTOR H PALMER JR Director |
BUY | 2.00K | $114.20K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BOYD STEPHEN M. |
Officer | 143.65K | Stock Award(Grant) |
BROWN J. HYATT |
Chairman of the Board | — | Stock Gift |
BROWN JAMES POWELL |
Chief Executive Officer | 5.32M | Stock Award(Grant) |
BROWN P BARRETT |
Officer | 3.26M | Stock Award(Grant) |
HOEPNER THEODORE J JR |
Director | 122.19K | Stock Award(Grant) |
PENNY JEROME SCOTT |
Officer | 712.03K | Stock Award(Grant) |
REILLY WENDELL S |
Director | 238.09K | Stock Award(Grant) |
TURPIN JULIE |
Officer | 82.86K | Stock Award(Grant) |
WALKER CHRIS LEE |
Officer | 227.41K | Stock Award(Grant) |
WATTS R ANDREW |
Chief Financial Officer | 212.38K | Stock Award(Grant) |
Fundamentals
Market cap$20.68B
Enterprise value$27.59B
Revenue (TTM)$6.66B
Gross profit$3.75B
EBITDA$2.89B
Net income$1.19B
EPS (TTM)$2.68
Free cash flow$1.64B
Total cash$918.00M
Total debt$8.07B
Book value / share$32.62
Shares outstanding334.61M
Float287.56M
Short % of float—
Dividend yield0.93%
Beta (5Y)0.58
Valuation & profitability ratios
Trailing P/E23.06
Forward P/E27.84
PEG ratio—
Price / sales—
Price / book1.89
EV / revenue4.14
EV / EBITDA9.54
Gross margin56.28%
Operating margin41.84%
Profit margin18.08%
Return on equity10.02%
Return on assets5.38%
Debt / equity63.98
Current ratio1.13
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $5.76B | $4.71B | $4.20B | $3.56B | +22.5% |
| Operating revenue | $5.76B | $4.71B | $4.20B | $3.56B | +22.5% |
| Cost of revenue | $2.94B | $2.41B | $2.19B | $1.82B | +22.0% |
| Gross profit | $2.83B | $2.30B | $2.01B | $1.75B | +23.0% |
| Total operating expense | $1.33B | $932.00M | $856.00M | $783.00M | +42.3% |
| Operating income | $1.50B | $1.37B | $1.16B | $963.00M | +9.9% |
| Net interest income | -$306.00M | -$201.00M | -$190.00M | -$148.00M | -52.2% |
| Pre-tax income | $1.37B | $1.30B | $1.15B | $876.00M | +5.2% |
| Tax provision | $304.00M | $301.00M | $275.00M | $204.00M | +1.0% |
| Net income | $1.05B | $993.00M | $871.00M | $672.00M | +6.1% |
| Net income to common | $1.04B | $981.00M | $858.00M | $659.00M | +6.3% |
| Basic EPS | 3.37 | 3.48 | 3.07 | 2.38 | -3.2% |
| Diluted EPS | 3.16 | 3.46 | 3.05 | 2.37 | -8.7% |
| EBIT | $1.68B | $1.50B | $1.34B | $1.02B | +11.5% |
| EBITDA | $2.04B | $1.73B | $1.54B | $1.21B | +18.4% |
| Basic shares | 310.00M | 282.00M | 279.60M | 277.52M | +9.9% |
| Diluted shares | 313.00M | 284.00M | 280.80M | 278.66M | +10.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $1.08B | $675.00M | $700.00M | $650.00M | +59.9% |
| Cash & short-term investments | $1.08B | $675.00M | $711.00M | $662.00M | +59.9% |
| Accounts receivable | $2.08B | $2.42B | $915.00M | $1.47B | -13.9% |
| Total current assets | $8.61B | $6.92B | $5.13B | $5.00B | +24.4% |
| Property, plant & equipment | $636.00M | $519.00M | $469.00M | $454.80M | +22.5% |
| Goodwill & intangibles | $19.99B | $9.78B | $8.96B | $8.27B | +104.3% |
| Total assets | $29.99B | $17.61B | $14.88B | $13.97B | +70.3% |
| Total current liabilities | $8.29B | $6.31B | $4.96B | $4.60B | +31.4% |
| Current debt | $719.00M | $225.00M | $569.00M | $250.60M | +219.6% |
| Long-term debt | $6.89B | $3.60B | $3.23B | $3.69B | +91.6% |
| Total debt | $7.92B | $4.06B | $4.02B | $4.18B | +95.0% |
| Total liabilities | $17.42B | $11.18B | $9.30B | $9.37B | +55.9% |
| Retained earnings | $6.99B | $6.13B | $5.29B | $4.55B | +14.1% |
| Shareholder equity | $12.55B | $6.42B | $5.58B | $4.61B | +95.4% |
| Working capital | $320.00M | $610.00M | $174.00M | $399.40M | -47.5% |
| Net tangible assets | -$7.45B | -$3.36B | -$3.38B | -$3.66B | -121.3% |
| Shares issued | 357.00M | 305.96M | 304.30M | 302.90M | +16.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $1.07B | $1.00B | $871.00M | $672.00M | +6.5% |
| Depreciation & amortisation | $367.00M | $222.00M | $206.00M | $186.00M | +65.3% |
| Stock-based compensation | $93.00M | $101.00M | $89.00M | $66.00M | -7.9% |
| Change in working capital | -$47.00M | -$105.00M | -$25.00M | -$16.00M | +55.2% |
| Operating cash flow | $1.45B | $1.17B | $1.01B | $881.00M | +23.5% |
| Capital expenditure | -$68.00M | -$82.00M | -$69.00M | -$52.00M | +17.1% |
| Investing cash flow | -$7.91B | -$898.00M | -$587.00M | -$1.91B | -781.3% |
| Share buybacks | -$142.00M | -$55.00M | -$40.00M | -$123.00M | -158.2% |
| Dividends paid | -$193.00M | -$154.00M | -$135.00M | -$120.00M | -25.3% |
| Financing cash flow | $7.71B | -$64.00M | -$187.00M | $1.73B | +12,151.6% |
| Free cash flow | $1.38B | $1.09B | $941.00M | $829.00M | +26.6% |
| End cash position | $3.81B | $2.50B | $2.30B | $2.03B | +52.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $1.65B | $1.88B | $1.58B | $1.55B | $1.25B | — | -12.0% |
| Operating revenue | $1.65B | $1.88B | $1.58B | $1.55B | $1.25B | — | -12.0% |
| Cost of revenue | $838.00M | $907.00M | $819.00M | $793.00M | $640.00M | — | -7.6% |
| Gross profit | $816.00M | $973.00M | $761.00M | $757.00M | $609.00M | — | -16.1% |
| Total operating expense | $399.00M | $422.00M | $421.00M | $383.00M | $272.00M | — | -5.5% |
| Operating income | $417.00M | $551.00M | $340.00M | $374.00M | $337.00M | — | -24.3% |
| Net interest income | -$104.00M | -$105.00M | -$109.00M | -$100.00M | -$53.00M | — | +1.0% |
| Pre-tax income | $383.00M | $533.00M | $321.00M | $311.00M | $311.00M | — | -28.1% |
| Tax provision | $94.00M | $106.00M | $53.00M | $82.00M | $77.00M | — | -11.3% |
| Net income | $288.00M | $426.00M | $264.00M | $227.00M | $231.00M | — | -32.4% |
| Net income to common | $284.00M | $421.00M | $261.00M | $225.00M | $228.00M | — | -32.5% |
| Basic EPS | 0.86 | 1.27 | 0.78 | — | 0.79 | 1.16 | -32.3% |
| Diluted EPS | 0.84 | 1.06 | 0.59 | — | 0.78 | 1.15 | -20.8% |
| EBIT | $487.00M | $638.00M | $430.00M | $411.00M | $364.00M | — | -23.7% |
| EBITDA | $615.00M | $771.00M | $564.00M | $518.00M | $426.00M | — | -20.2% |
| Basic shares | 329.00M | 331.00M | 333.00M | — | 292.00M | 283.00M | -0.6% |
| Diluted shares | 334.00M | 337.00M | 339.00M | — | 293.00M | 285.00M | -0.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $918.00M | $1.00B | $1.08B | $1.19B | $8.89B | -8.5% |
| Cash & short-term investments | $918.00M | $1.00B | $1.08B | $1.19B | $8.89B | -8.5% |
| Accounts receivable | $2.14B | $2.17B | $2.08B | $2.06B | $1.44B | -1.3% |
| Total current assets | $8.69B | $8.46B | $8.61B | $8.14B | $14.44B | +2.8% |
| Property, plant & equipment | $642.00M | $633.00M | $636.00M | $635.00M | $532.00M | +1.4% |
| Goodwill & intangibles | $19.72B | $19.86B | $19.99B | $19.84B | $10.23B | -0.7% |
| Total assets | $29.89B | $29.70B | $29.99B | $29.35B | $25.64B | +0.6% |
| Total current liabilities | $7.71B | $8.32B | $8.29B | $6.89B | $5.26B | -7.3% |
| Current debt | $413.00M | $1.24B | $719.00M | $75.00M | $75.00M | -66.6% |
| Long-term debt | $7.35B | $6.58B | $6.89B | $7.65B | $7.47B | +11.6% |
| Total debt | $8.01B | $8.06B | $7.92B | $7.97B | $7.73B | -0.7% |
| Total liabilities | $17.28B | $17.09B | $17.42B | $16.95B | $14.02B | +1.1% |
| Retained earnings | $7.59B | $7.36B | $6.99B | $6.78B | $6.60B | +3.2% |
| Shareholder equity | $12.58B | $12.59B | $12.55B | $12.39B | $11.59B | -0.0% |
| Working capital | $979.00M | $139.00M | $320.00M | $1.25B | $9.19B | +604.3% |
| Net tangible assets | -$7.13B | -$7.27B | -$7.45B | -$7.46B | $1.36B | +1.9% |
| Shares issued | 330.00M | 359.00M | 357.00M | 357.00M | 349.82M | -8.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $289.00M | $427.00M | $268.00M | $230.00M | $235.00M | -32.3% |
| Depreciation & amortisation | $128.00M | $133.00M | $134.00M | $107.00M | $62.00M | -3.8% |
| Stock-based compensation | $23.00M | $26.00M | $17.00M | $24.00M | $23.00M | -11.5% |
| Change in working capital | -$79.00M | -$332.00M | $105.00M | $65.00M | -$13.00M | +76.2% |
| Operating cash flow | $346.00M | $262.00M | $444.00M | $468.00M | $325.00M | +32.1% |
| Capital expenditure | -$17.00M | -$21.00M | -$20.00M | -$16.00M | -$15.00M | +19.0% |
| Investing cash flow | -$33.00M | -$38.00M | -$213.00M | -$7.51B | -$108.00M | +13.2% |
| Share buybacks | -$251.00M | -$276.00M | -$100.00M | -$1.00M | -$1.00M | +9.1% |
| Dividends paid | -$55.00M | -$57.00M | -$56.00M | -$51.00M | -$43.00M | +3.5% |
| Financing cash flow | -$172.00M | -$354.00M | -$138.00M | -$130.00M | $8.20B | +51.4% |
| Free cash flow | $329.00M | $241.00M | $424.00M | $452.00M | $310.00M | +36.5% |
| End cash position | $3.80B | $3.66B | $3.81B | $3.72B | $10.92B | +3.9% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $1.76B | +9.9% |
| Next quarter | — | — | $1.64B | +2.3% |
| Current year | — | — | $6.99B | +18.4% |
| Next year | — | — | $7.29B | +4.4% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders13.28%
Held by institutions86.54%
Institutions holding1.14K
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
60.79
+1.66% from price
SMA 20
61.36
+0.72% from price
SMA 50
58.70
+5.28% from price
SMA 100
55.38
+11.59% from price
SMA 200
59.69
+3.53% from price
EMA 12
60.86
+1.54% from price
EMA 26
60.32
+2.45% from price
EMA 50
58.89
+4.95% from price
RSI (14)
56.2
Neutral
MACD (12,26,9)
0.54
Hist -0.19
ATR (14)
0.65
1.05% of price
Realised vol 30D
37.2%
Annualised
Bollinger upper
64.16
20, 2σ
Bollinger lower
58.56
20, 2σ
50 / 200 cross
Death
58.70 vs 59.69
Trend bias
Above 200
+3.53%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.30
Less volatile than market
Correlation to SPY
-0.12
Largely independent
Realised vol 30D
37.2%
Annualised
Market vol 1Y
12.8%
SPY, annualised
Max drawdown 1Y
-44.4%
Peak to trough
Max drawdown 5Y
-59.9%
Peak to trough
ATR 14
0.65
1.05% of price
Beta (reported)
0.58
5Y monthly, from filing
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 19, 26 | Morgan Stanley | MAINTAINED | Underweight | Underweight |
| Aug 3, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Jul 29, 26 | Mizuho | MAINTAINED | Outperform | Outperform |
| Jul 29, 26 | BMO Capital | MAINTAINED | Market Perform | Market Perform |
| Jul 29, 26 | Citigroup | DOWNGRADE | Buy | Neutral |
| Jul 13, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Jul 10, 26 | Citizens | MAINTAINED | Market Outperform | Market Outperform |
| Jul 9, 26 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 9, 26 | Mizuho | MAINTAINED | Outperform | Outperform |
| Jul 8, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Jul 8, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jul 7, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
Dividends & splits
Forward rate$0.57 / yr
Forward yield0.93%
5-year avg yield0.63%
Payout ratio20.61%
Ex-dividend dateAug 12, 2026
Next pay date—
Last split2:1
Split dateMar 29, 2018
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.