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Enter Symbol:
Rating: BRO
Neutral $33

Brown & Brown, Inc. (NYSE: BRO) downgraded to Neutral with price target $33 by Compass Point

Wednesday,  Apr 23, 2014  12:00 AM ET by Kristen Bailey

Compass Point downgraded Brown & Brown, Inc. (NYSE: BRO) to Neutral with
price target $33. Compass Point rated Brown & Brown, Inc. (NYSE: BRO) to Buy with price target $40 on 06/18/2013, when the price was $32.95.

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.

Compass Point is a financial services firm comprised of specialized professionals in the areas of research, sales, trading and investment banking. We seek to be our client's advisor of choice.

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