Barclays Lowers PT on Brown & Brown (BRO) Stock

Core Viewpoint - Brown & Brown, Inc. (NYSE:BRO) is identified as an oversold fundamentally strong stock, with recent price target adjustments from Barclays and Goldman Sachs indicating a cautious outlook for the property and casualty insurance sector [1][3]. Group 1: Analyst Ratings and Price Targets - Barclays analyst Alex Scott reduced the price target on Brown & Brown's stock to $83 from $84 while maintaining an "Equal Weight" rating, reflecting adjustments in the 2026 outlook for the North America property and casualty insurance group [1]. - Goldman Sachs lowered the price objective for Brown & Brown to $87 from $90, keeping a "Neutral" rating, indicating expectations of robust insurer profitability in the coming years despite a softening insurance cycle [3]. Group 2: Market Conditions and Trends - The pricing in the commercial and reinsurance markets is softening, while personal lines appear to be performing relatively better, with brokers facing organic growth challenges [2]. - The property and casualty insurance cycle is entering a softening phase, leading to increased capital supply and competition, which may decelerate growth, pricing, and margins, a factor that is not fully appreciated in current market estimates [4].