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

Rating:
Underweight
BRO
up 5.85 %

Brown & Brown, Inc. (BRO) downgraded to Underweight with price target $28 by Barclays

Posted on: Thursday,  Jan 7, 2016  12:25 PM ET by Barclays

Barclays rated Underweight Brown & Brown, Inc. (NYSE: BRO) on 01/07/2016. Previously Barclays rated Overweight Brown & Brown, Inc. (NYSE: BRO) on
02/04/2014., when the stock price was $28.68. Since then, Brown & Brown, Inc. has gained 5.86% as of 01/07/2016's recent price of $30.36.
If you would have followed the previous Barclays's recommendation on BRO, you would have gained 5.85% of your investment in 702 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.

Barclays
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/7/2016 12:25 PM Sell
None
30.36 28.00
as of 8/27/2015
1 Week down  -1.23 %
1 Month down  -2.22 %
3 Months up  2.62 %
1 YTD up  14.71 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/4/2014 1:25 PM Buy
None
28.68 34.00

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