Brown & Brown (NYSE:BRO) has an average broker rating of 2.83, which is interpreted as a Hold, as rated by 10 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Brown & Brown (NYSE:BRO) stock is expected to deviate a maximum of $4.18 from the average target price of $33.67 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $39 and the most muted being $28.
Company shares have received an average consensus rating of Hold for the current week
Brown & Brown (NYSE:BRO): stock turned positive on Tuesday. Though the stock opened at $34.27, the bulls momentum made the stock top out at $35.83 level for the day. The stock recorded a low of $34.27 and closed the trading day at $35.79, in the green by 2.79%. The total traded volume for the day was 908,374. The stock had closed at $34.82 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Strianese Anthony T, officer (EVP and Pres. Wholesale Div.) of Brown & Brown Inc, had unloaded 2,700 shares at an average price of $35.64 in a transaction dated on May 25, 2016. The total value of the transaction was worth $96,228.
Brown & Brown Inc. is a diversified insurance agency wholesale brokerage insurance programs and service organization. The Company markets and sells insurance products and services in the property casualty and employee benefits areas. The Companys has four operating segments: the Retail Division provides insurance products and services to commercial public entity professional and individual customers; the National Programs Division provides professional liability and related package products for certain professionals and markets targeted products and services to industries trade groups public entities and market niches; the Wholesale Brokerage Division markets and sells excess and surplus commercial and personal insurance and reinsurance through agents and brokers; and the Services Division provides customers with thirdparty claims administration consulting for the workers compensation insurance market comprehensive medical utilization management services.