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

Rating:
Underweight
BRO
down 46.89 %

Brown & Brown, Inc. (BRO) rated Underweight with price target $16 by Lehman Brothers

Posted on: Tuesday,  Apr 1, 2008  8:25 AM ET by Lehman Brothers

Lehman Brothers rated Underweight Brown & Brown, Inc. (NYSE: BRO) on 04/01/2008, when the stock price was $17.47.
Since then, Brown & Brown, Inc. has gained 88.32% as of 01/26/2016's recent price of $32.90.
If you would have followed this Lehman Brothers's recommendation on BRO, you would have lost 46.89% of your investment in 2856 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.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/1/2008 8:25 AM Sell
None
17.47 16.00
as of 12/24/2008
1 Week up  4.64 %
1 Month down  -0.99 %
3 Months up  7.12 %
1 YTD down  -4.52 %

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