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

Rating:
Neutral BRO

Brown & Brown, Inc. (BRO) rated Neutral by Piper Jaffray

Posted on: Monday,  Feb 11, 2008  9:25 AM ET by Piper Jaffray

Brown & Brown
(BRO) rated Neutral by Piper Jaffray.

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.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/11/2008 9:25 AM Hold
None
19.00
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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