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    Court-Ordered Pause on Howden Raid Could Be A Game Changer For Brown & Brown (BRO)

    Simply Wall St·01/07/2026 08:36:21
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    • In late December, a Massachusetts Superior Court judge issued a temporary restraining order in Brown & Brown’s lawsuit accusing rival Howden US Services and 28 former employees of orchestrating an “employee raid” that allegedly lured away about 200 staff members. The order bars Howden and the named individuals from recruiting current Brown & Brown employees or soliciting its insurance customers while the case proceeds.
    • The case has drawn wider industry attention because Brown & Brown’s complaint highlights that other major brokers, including Marsh, WTW and Aon-affiliated firms, have brought similar actions against Howden, underscoring sector-wide concerns around talent poaching and client solicitation.
    • We’ll now consider how this courtroom win, which temporarily curbs further poaching and client solicitation, could influence Brown & Brown’s investment narrative.

    Find companies with promising cash flow potential yet trading below their fair value.

    Brown & Brown Investment Narrative Recap

    To own Brown & Brown, you need to be comfortable with a steady, acquisition-led insurance brokerage that depends on retaining specialist talent and long standing client relationships. The temporary restraining order against Howden limits further potential staff and client losses for now, but it does not materially change the near term earnings outlook or the key risks around pricing trends and regulatory shifts.

    Against this backdrop, Brown & Brown’s October decision to raise its regular quarterly dividend to US$0.165 per share, marking a 32nd consecutive annual increase, stands out. For investors, that capital return policy sits alongside the current legal effort to contain employee and client disruption as part of the near term narrative around cash generation and business resilience.

    However, while this legal step offers some comfort, investors should still be aware of...

    Read the full narrative on Brown & Brown (it's free!)

    Brown & Brown's narrative projects $9.0 billion revenue and $1.6 billion earnings by 2028. This requires 21.9% yearly revenue growth and about a $600 million earnings increase from $994.0 million today.

    Uncover how Brown & Brown's forecasts yield a $92.86 fair value, a 16% upside to its current price.

    Exploring Other Perspectives

    BRO 1-Year Stock Price Chart
    BRO 1-Year Stock Price Chart

    Five members of the Simply Wall St Community currently place Brown & Brown’s fair value between US$92.86 and US$142.92, reflecting a wide spread of individual views. Set against this, the recent court action around employee poaching highlights how talent retention issues could influence how those different expectations about the business ultimately play out.

    Explore 5 other fair value estimates on Brown & Brown - why the stock might be worth just $92.86!

    Build Your Own Brown & Brown Narrative

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.