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Rating: BRO
Buy $34
down 3.00 %

Brown & Brown, Inc. (NYSE: BRO) reiterated to Buy with price target $34 by Deutsche Bank

Wednesday,  Feb 5, 2014  1:25 PM ET by Dave Ficere

Deutsche Bank reiterated Brown & Brown, Inc. (NYSE: BRO) to Buy with price target $34. Previously Deutsche Bank rated Buy with price target $32 Brown &
Brown, Inc. (NYSE: BRO) on 02/05/2013, when the stock price was $29.37. Since then, Brown & Brown, Inc.'s stock price has lost 3% as of 02/05/2014's recent price of $28.58.
If you would have followed the previous Deutsche Bank's recommendation on BRO, you would have lost 3% of your investment in 365 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.

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.

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