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

Rating:
Buy BRO
up 30.40 %

Brown & Brown, Inc. (BRO) upgraded to Buy with price target $32 by Stifel Nicolaus

Posted on: Thursday,  Oct 25, 2012  8:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Buy Brown & Brown, Inc. (NYSE: BRO) on 10/25/2012, when the stock price was $25.23.
Since then, Brown & Brown, Inc. has gained 30.40% as of 01/26/2016's recent price of $32.90.
If you would have followed this Stifel Nicolaus's recommendation on BRO, you would have gained 30.4% of your investment in 1188 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.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/25/2012 8:25 AM Buy
None
25.23 32.00
as of 12/31/2012
1 Week down  -1.12 %
1 Month down  -5.14 %
3 Months up  0.91 %
1 YTD up  0.91 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/19/2010 8:25 AM Hold
None
16.48
9/22/2008 8:25 AM Sell
None
22.72

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