Allspring Global Investments Boosts Stake in Brown & Brown

Institutional investor increases holdings in financial services provider by over 2%

Mar. 31, 2026 at 7:19am

Got story updates? Submit your updates here. ›

An extreme close-up of gleaming, industrial banking equipment and machinery, conveying the secure, institutional nature of the financial services sector without using any text or identifiable elements.A close-up view of the robust infrastructure powering the financial services industry highlights the institutional strength behind investment firms like Allspring Global Investments.NYC Today

Allspring Global Investments Holdings LLC, a major investment management firm, grew its stake in Brown & Brown, Inc. (NYSE: BRO) by 2.1% during the fourth quarter of 2025, according to a recent 13F filing with the Securities and Exchange Commission. Allspring now owns approximately 2.8 million shares, or 0.82%, of the financial services provider's stock.

Why it matters

This transaction highlights the continued institutional investor interest in Brown & Brown, a leading insurance brokerage and risk advisory firm. The stock's performance and growth prospects make it an attractive investment for large money managers like Allspring as they seek exposure to the insurance and financial services sectors.

The details

According to the 13F filing, Allspring Global Investments acquired an additional 57,274 shares of Brown & Brown during the fourth quarter, bringing its total position to 2,802,327 shares. This represents about 0.82% of Brown & Brown's outstanding stock. The investment firm cited the financial services provider's consistent financial performance and growth potential as reasons for increasing its stake.

  • Allspring Global Investments filed its 13F report for the fourth quarter of 2025 on March 31, 2026.
  • The additional 57,274 shares were acquired by Allspring during the fourth quarter of 2025.

The players

Allspring Global Investments Holdings LLC

A major investment management firm that oversees over $600 billion in assets.

Brown & Brown, Inc.

A leading insurance brokerage and risk advisory firm that provides a range of property and casualty, employee benefits, personal risk, and specialty insurance products.

Got photos? Submit your photos here. ›

The takeaway

This transaction underscores the continued institutional investor confidence in Brown & Brown's business model and growth prospects within the insurance and financial services sectors. As a diversified brokerage firm, Brown & Brown's performance is seen as a bellwether for the broader industry.