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

Rating:
Market Perform
BRO

Brown & Brown, Inc. (BRO) rated Market Perform by Wells Fargo

Posted on: Friday,  Jan 25, 2013  8:25 AM ET by Wells Fargo

Brown & Brown, Inc.
(NYSE: BRO) rated Market Perform by Wells Fargo.

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.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/11/2013 8:25 AM Buy
None
33.46
as of 12/13/2013
1 Week down  -3.55 %
1 Month down  -6.06 %
3 Months down  -7.23 %
1 YTD down  -10.69 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/25/2013 8:25 AM Hold
None
27.34

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