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

Rating:
Overweight
BRO
down 24.00 %

Brown & Brown, Inc. (BRO) upgraded to Overweight with price target $28 by Barclays Capital

Posted on: Wednesday,  Jan 4, 2012  12:25 PM ET by Barclays Capital

Barclays Capital rated Overweight Brown & Brown, Inc. (NYSE: BRO) on 01/04/2012. Previously Barclays Capital rated Equal Weight Brown & Brown, Inc. (NYSE:
BRO) on 10/03/2011., when the stock price was $17.03. Since then, Brown & Brown, Inc. has gained 31.59% as of 01/04/2012's recent price of $22.41.
If you would have followed the previous Barclays Capital's recommendation on BRO, you would have lost 24% of your investment in 93 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.

Barclays Capital has assembled a world-class, award-winning team of analysts covering, credit, commodities, economics, emerging markets, equities, fixed income, foreign exchange and market strategy. We provide in-depth analysis of companies and macro coverage across asset classes, markets and the world’s economies. We have a highly quantitative approach and our research is underpinned by sophisticated analytics. Combined, these provide clients with the tools and insights necessary for successful risk management and financing. Our research teams are based in many of the world’s major financial centres providing our clients with a globally integrated perspective across products and geographies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/4/2012 12:25 PM Buy
None
22.41 28.00
as of 12/31/2012
1 Week down  -1.12 %
1 Month down  -5.14 %
3 Months down  -2.33 %
1 YTD up  14.57 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/3/2011 1:25 PM Sell
None
17.03 22.00
7/19/2011 1:25 PM Sell
None
22.01 25.00
2/16/2011 1:33 PM Sell
None
26.25 27.00
2/8/2011 8:25 AM Sell
None
24.94 21.00
10/1/2010 12:25 PM Sell
None
20.09 18.00

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