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Enter Symbol:
 
Brown & Brown, Inc. (BRO) [hlAlert]

Rating:
Neutral BRO
down 10.83 %

Brown & Brown, Inc. (BRO) downgraded to Neutral with price target $33 by Compass Point

Posted on: Wednesday,  Apr 23, 2014  12:00 AM ET by Compass Point

Compass Point rated Neutral Brown & Brown, Inc. (NYSE: BRO) on 04/23/2014. Previously Compass Point rated Buy Brown & Brown, Inc. (NYSE: BRO)
on 06/18/2013., when the stock price was $32.95. Since then, Brown & Brown, Inc. has lost 10.83% as of 04/23/2014's recent price of $29.38.
If you would have followed the previous Compass Point's recommendation on BRO, you would have lost 10.83% of your investment in 309 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.

Compass Point is a financial services firm comprised of specialized professionals in the areas of research, sales, trading and investment banking. We seek to be our client's advisor of choice.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/15/2015 8:25 AM Hold
None
31.86 35.00
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD down  -6.40 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/23/2014 12:00 AM Hold
None
29.38 33.00
6/18/2013 8:25 AM Buy
None
32.95 40.00

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