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

Rating:
Mkt Perform
BRO

Brown & Brown, Inc. (BRO) rated Mkt Perform by Wachovia

Posted on: Friday,  Jan 11, 2008  8:25 AM ET by Wachovia

Brown & Brown
(BRO) rated Mkt Perform by Wachovia.

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.

Wachovia offers a full range of products and services to meet the needs of corporate and institutional clients nationwide. These include capital raising, market making, and financial advisory products and services, to name just a few. We have the experience and resources you need to help your business grow and succeed. With a unified culture and integrated platform, ours is an organization that executes without distraction. We are focused and proactive, working as a team to deliver the ideas and capital for your needs.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/11/2008 8:25 AM Hold
None
22.25
as of 12/24/2008
1 Week down  -4.64 %
1 Month up  0.99 %
3 Months down  -7.12 %
1 YTD up  3.39 %

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