In a report released on January 24, Mark Dwelle from RBC Capital maintained a Hold rating on Brown & Brown (BRO – Research Report), with a price target of $62.00. The company’s shares closed yesterday at $58.96.
According to TipRanks, Dwelle is a top 100 analyst with an average return of 13.0% and a 67.20% success rate. Dwelle covers the Financial sector, focusing on stocks such as Arthur J Gallagher & Co, Reinsurance Group, and Travelers Companies.
In addition to RBC Capital, Brown & Brown also received a Hold from Goldman Sachs’s Robert Cox CFA in a report issued on January 24. However, on the same day, BMO Capital assigned a Buy rating to Brown & Brown (NYSE: BRO).
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BRO market cap is currently $17.55B and has a P/E ratio of 26.20.
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Brown & Brown, Inc. is an insurance agency, wholesale brokerage, insurance programs and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail; National Programs; Wholesale Brokerage; and Services. The Retail Segment receives fees in lieu of commissions. The National Programs segment acts as a managing general agent and provides professional liability and related package products for certain professionals, a range of insurance products for individuals, flood coverage, and targeted products and services designated for specific industries, trade groups, governmental entities and market niches. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance, primarily through independent agents and brokers, as well as company’s retail agents. The Services segment provides insurance-related services, including third-party claims administration and comprehensive medical utilization management services in both the workers’ compensation and all-lines liability arenas, as well as medicare Set-aside services, social security disability and medicare benefits advocacy services and claims adjusting services. The company was founded by J. Adrian Brown and Charles Covington Owen in 1939 and is headquartered in Daytona Beach, FL.
Read More on BRO:
- Brown & Brown to trade lower on miss in Retail segment, says BMO Capital
- Brown & Brown (NYSE:BRO) Posts Spectacular Q4 Results
- Brown & Brown, Inc. announces quarterly revenues of $901.4 million, an increase of 22.1%, diluted net income per share of $0.51 and Diluted Net Income Per Share – Adjusted of $0.50
- Brown & Brown reports Q4 adjusted EPS 50c, consensus 46c
- Brown & Brown initiated with an Outperform at BMO Capital
