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

Rating:
Buy BRO
up 56.14 %

Brown & Brown, Inc. (BRO) upgraded to Buy with price target $25 by Citigroup

Posted on: Monday,  Nov 3, 2008  8:25 AM ET by Citigroup

Citigroup rated Buy Brown & Brown, Inc. (NYSE: BRO) on 11/03/2008, when the stock price was $21.07. Since
then, Brown & Brown, Inc. has gained 56.15% as of 01/26/2016's recent price of $32.90.
If you would have followed this Citigroup's recommendation on BRO, you would have gained 56.14% of your investment in 2640 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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/3/2008 8:25 AM Buy
None
21.07 25.00
as of 12/24/2008
1 Week down  -4.64 %
1 Month up  0.99 %
3 Months down  -6.16 %
1 YTD up  5.97 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/18/2007 11:25 AM Hold
None
24.82

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