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Brown & Brown, Inc. (BRO) [hlAlert]

Rating:
Outperform
BRO
up 26.05 %

Brown & Brown, Inc. (BRO) rated Outperform by Keefe Bruyette

Posted on: Wednesday,  Oct 17, 2012  8:25 AM ET by Keefe Bruyette

Keefe Bruyette rated Outperform Brown & Brown, Inc. (NYSE: BRO) on 10/17/2012, when the stock price was $26.10.
Since then, Brown & Brown, Inc. has gained 26.05% as of 01/26/2016's recent price of $32.90.
If you would have followed this Keefe Bruyette's recommendation on BRO, you would have gained 26.05% of your investment in 1196 days.

Brown & Brown, Inc. (Brown & Brown) is a diversified insurance agency, wholesale brokerage, insurance programs and service organization. It markets and sells to its customers insurance products and services, primarily in the property, casualty and employee benefits areas. As an agent and broker, Brown & Brown does not assume underwriting risks. Instead, the Company provides its customers with non-investment insurance contracts, as well as other targeted, customized risk management products and services. Brown & Brown is compensated for its services primarily by commissions paid by insurance companies and by fees paid by customers for certain services. As of December 31, 2008, Brown & Brown?s activities were conducted in 219 locations in 37 states. In May 2009, the Company announced the completion of the previously announced acquisition by two Brown & Brown subsidiaries of substantially all of the assets of Irving Weber Associates, Inc., located in Ronkonkoma (Long Island), New York.

KBW produces industry-leading research on more financial services companies than any other brokerage firm. Our Research Group follows the majority of the financial services companies in the S&P 500 and Dow Jones STOXX 600 Index, as well as hundreds of other U.S. and European financial services companies on a daily basis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/17/2012 8:25 AM Buy
None
26.10
as of 12/31/2012
1 Week down  -1.12 %
1 Month down  -5.14 %
3 Months down  -2.45 %
1 YTD down  -2.45 %

(*) Stock Price at the time of the recommendation.
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