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

Rating:
Neutral BRO
down 15.44 %

Brown & Brown, Inc. (BRO) upgraded to Neutral by Goldman

Posted on: Thursday,  Apr 4, 2013  8:25 AM ET by Goldman

Goldman rated Neutral Brown & Brown, Inc. (NYSE: BRO) on 04/04/2013. Previously Goldman rated Sell Brown & Brown, Inc. (NYSE: BRO) on
10/12/2012., when the stock price was $26.33. Since then, Brown & Brown, Inc. has gained 18.27% as of 04/04/2013's recent price of $31.14.
If you would have followed the previous Goldman's recommendation on BRO, you would have lost 15.44% of your investment in 174 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.

Goldman
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/4/2013 8:25 AM Hold
None
31.14
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -22.30 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/12/2012 8:25 AM Sell
None
26.33

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