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

Rating:
Underweight
BRO
down 46.71 %

Brown & Brown, Inc. (BRO) rated Underweight by JP Morgan

Posted on: Friday,  Dec 11, 2009  8:25 AM ET by JP Morgan

JP Morgan rated Underweight Brown & Brown, Inc. (NYSE: BRO) on 12/11/2009, when the stock price was $17.53.
Since then, Brown & Brown, Inc. has gained 87.68% as of 01/26/2016's recent price of $32.90.
If you would have followed this JP Morgan's recommendation on BRO, you would have lost 46.71% of your investment in 2237 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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/11/2009 8:25 AM Sell
None
17.53
as of 12/31/2009
1 Week down  -32.39 %
1 Month down  -38.96 %
3 Months   
1 YTD down  -38.96 %

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