Raymond James vs Brown & Brown
Raymond James has built one of the strongest financial advisor networks in the industry and keeps expanding through both recruiting and acquisitions, while Brown and Brown is one of the country's fastest-growing insurance brokerages with an aggressive acquisition strategy of its own. Both companies are in the business of delivering advice and risk management products to clients who value relationships over price, and both have compounded earnings impressively. The Raymond James vs Brown and Brown comparison explores how a wealth-management-driven firm's fee revenue mix compares to an insurance brokerage's organic growth rate and margin profile.
Raymond James has built one of the strongest financial advisor networks in the industry and keeps expanding through both recruiting and acquisitions, while Brown and Brown is one of the country's fast...
Why It's Moving
Raymond James Financial shares steady as analysts digest Q2 earnings and debate valuation headwinds
- Analyst consensus remains mixed, with roughly 31% of covering analysts maintaining Buy ratings and average upside potential around 22%, though several firms have recently cut long-term price targets by $12-25 due to lower revenue growth assumptions and higher discount rates
- TD Cowen reiterated a Hold rating with a $181 price target in mid-February, reflecting cautious positioning ahead of earnings season and broader sector uncertainty
- Raymond James' own research team is emphasizing value opportunities outside artificial intelligence, highlighting alternative investment themes around diversification and sector resilience as a counterpoint to elevated tech valuations
Wall Street Raises Brown & Brown Outlook as Analysts See 15-29% Upside in Insurance Broker Specialist
- Analysts project 15-29% upside over the next 12 months, with consensus price targets ranging from $82 to $110 depending on the rating firm, reflecting confidence in the company's specialty distribution growth prospects
- Management guidance for 5-10% pricing increases in primary casualty and commercial auto segments, combined with easier year-over-year comparisons in the latter half of 2026, is supporting analyst optimism about organic growth acceleration
- The Specialty Distribution segment is expected to outpace the Retail division, driven by favorable trends in coastal property rates, construction activity uptick, and the Florida market—which contributes over 20% of company revenues
Raymond James Financial shares steady as analysts digest Q2 earnings and debate valuation headwinds
- Analyst consensus remains mixed, with roughly 31% of covering analysts maintaining Buy ratings and average upside potential around 22%, though several firms have recently cut long-term price targets by $12-25 due to lower revenue growth assumptions and higher discount rates
- TD Cowen reiterated a Hold rating with a $181 price target in mid-February, reflecting cautious positioning ahead of earnings season and broader sector uncertainty
- Raymond James' own research team is emphasizing value opportunities outside artificial intelligence, highlighting alternative investment themes around diversification and sector resilience as a counterpoint to elevated tech valuations
Wall Street Raises Brown & Brown Outlook as Analysts See 15-29% Upside in Insurance Broker Specialist
- Analysts project 15-29% upside over the next 12 months, with consensus price targets ranging from $82 to $110 depending on the rating firm, reflecting confidence in the company's specialty distribution growth prospects
- Management guidance for 5-10% pricing increases in primary casualty and commercial auto segments, combined with easier year-over-year comparisons in the latter half of 2026, is supporting analyst optimism about organic growth acceleration
- The Specialty Distribution segment is expected to outpace the Retail division, driven by favorable trends in coastal property rates, construction activity uptick, and the Florida market—which contributes over 20% of company revenues
Investment Analysis
Pros
- Raymond James Financial showed strong revenue growth of 9.62% in 2025, reaching $14.03 billion compared to $12.80 billion the prior year.
- The company maintains solid profitability with net income of $2.13 billion and earnings per share of $10.30.
- Upward revisions in EPS estimates for 2026 and 2027 by analysts reflect confidence in brokerage revenue, investment banking, and interest income growth.
Considerations
- Higher expenses and a decline in asset management revenue slightly offset revenue gains, indicating operational cost pressures.
- Analysts' price targets show modest upside with mixed sentiment as some maintain neutral Equalweight ratings, suggesting limited near-term share price momentum.
- The company’s beta of 1.05 signals moderate stock volatility, reflecting sensitivity to market fluctuations that could affect returns.
Pros
- Brown & Brown Inc. is a leading insurance brokerage with diversified revenue streams that provide resilience against sector cyclicality.
- The company has demonstrated consistent acquisition-driven growth that expands its market share and geographic footprint.
- Strong capital management and conservative leverage enhance Brown & Brown’s financial stability and liquidity position.
Considerations
- Exposure to regulatory changes in the insurance industry poses ongoing compliance risks that could impact profitability.
- Growth performance may face headwinds from increasing competition within the insurance brokerage sector.
- Brown & Brown’s stock price shows moderate volatility, reflecting sensitivity to macroeconomic cycles affecting insurance demand.
Raymond James (RJF) Next Earnings Date
Raymond James Financial (RJF) released its Q2 fiscal 2026 earnings on April 22, 2026, covering the quarter ended March 2026. The next earnings report is scheduled for Q3 fiscal 2026 on July 22, 2026, with results at approximately 4:15 p.m. ET and a conference call at 5:00 p.m. ET. This follows the company's announced fiscal 2026 quarterly schedule.
Brown & Brown (BRO) Next Earnings Date
Brown & Brown, Inc. (BRO) released its Q1 2026 earnings after market close today, April 27, 2026. This report covers the first quarter of 2026, ending March 31. Management hosted the investor conference call on April 28, 2026, at 8:00 a.m. EDT to discuss results. The next earnings release for Q2 2026 is typically expected in late July, following historical patterns.
Raymond James (RJF) Next Earnings Date
Raymond James Financial (RJF) released its Q2 fiscal 2026 earnings on April 22, 2026, covering the quarter ended March 2026. The next earnings report is scheduled for Q3 fiscal 2026 on July 22, 2026, with results at approximately 4:15 p.m. ET and a conference call at 5:00 p.m. ET. This follows the company's announced fiscal 2026 quarterly schedule.
Brown & Brown (BRO) Next Earnings Date
Brown & Brown, Inc. (BRO) released its Q1 2026 earnings after market close today, April 27, 2026. This report covers the first quarter of 2026, ending March 31. Management hosted the investor conference call on April 28, 2026, at 8:00 a.m. EDT to discuss results. The next earnings release for Q2 2026 is typically expected in late July, following historical patterns.
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