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
RJF Stock Forecast 2026: Why Analysts Target +16% Upside
- Morgan Stanley trimmed its target to $171 but kept an equal-weight rating, signaling 15%+ potential amid sector stability.
- Upward earnings revisions for fiscal 2026 lifted consensus estimates to $11.95 per share, highlighting strong profitability outlook.
- Consensus holds 'Buy' lean with targets up to $198, driven by RJF's attractive forward P/E and average earnings beats of 1.9%.
BRO Stock Forecast 2026: Why Analysts Target +28% Upside
- B of A Securities raised its outlook on April 14, citing sustained revenue momentum from organic growth and strategic acquisitions.
- Mizuho and JP Morgan echoed optimism on April 13 and 9, emphasizing 5-10% pricing gains in casualty and commercial auto lines that bolster margins.
- Consensus across 20 analysts points to EPS climbing to $4.57 in 2026, reflecting resilient demand and operational efficiencies in a hardening insurance market.
RJF Stock Forecast 2026: Why Analysts Target +16% Upside
- Morgan Stanley trimmed its target to $171 but kept an equal-weight rating, signaling 15%+ potential amid sector stability.
- Upward earnings revisions for fiscal 2026 lifted consensus estimates to $11.95 per share, highlighting strong profitability outlook.
- Consensus holds 'Buy' lean with targets up to $198, driven by RJF's attractive forward P/E and average earnings beats of 1.9%.
BRO Stock Forecast 2026: Why Analysts Target +28% Upside
- B of A Securities raised its outlook on April 14, citing sustained revenue momentum from organic growth and strategic acquisitions.
- Mizuho and JP Morgan echoed optimism on April 13 and 9, emphasizing 5-10% pricing gains in casualty and commercial auto lines that bolster margins.
- Consensus across 20 analysts points to EPS climbing to $4.57 in 2026, reflecting resilient demand and operational efficiencies in a hardening insurance market.
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's next earnings date is April 22, 2026, covering the second quarter of fiscal year 2026. This release is scheduled after market close at approximately 4:15 p.m. ET, followed by a conference call at 5:00 p.m. ET. Investors should monitor official channels for any updates to this timetable.
Brown & Brown (BRO) Next Earnings Date
Brown & Brown (BRO) is scheduled to report its next earnings on April 27, 2026, after market close. This release will cover the first quarter of 2026 (Q1 2026). Investors should monitor for the official confirmation and conference call details in the coming days.
Raymond James (RJF) Next Earnings Date
Raymond James Financial's next earnings date is April 22, 2026, covering the second quarter of fiscal year 2026. This release is scheduled after market close at approximately 4:15 p.m. ET, followed by a conference call at 5:00 p.m. ET. Investors should monitor official channels for any updates to this timetable.
Brown & Brown (BRO) Next Earnings Date
Brown & Brown (BRO) is scheduled to report its next earnings on April 27, 2026, after market close. This release will cover the first quarter of 2026 (Q1 2026). Investors should monitor for the official confirmation and conference call details in the coming days.
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