This summary was created by AI, based on 1 opinions in the last 12 months.
Brown & Brown (BRO-N) is recognized for its strong position in the property and casualty insurance sector. Recently, it has gained considerable traction, highlighted by a notable increase of 25.58% as a Top Pick in early October 2023. However, the valuation reached a point where one of the experts felt it was necessary to sell their shares due to concerns that the stock had become too expensive. The insurance industry has experienced significant upheaval due to various disasters ranging from the pandemic to hurricanes, causing unpredictability in earnings. Overall, while Brown & Brown has shown impressive performance, the current valuation levels raise cautionary flags for potential investors looking to enter the market at this time.
Are an insurance broker in property & casualty, which means they benefit from disasters when rates rise. They outperform other P&C companies.
(Analysts’ price target is $78.27)Brown & Brown is a American stock, trading under the symbol BRO-N on the New York Stock Exchange (BRO). It is usually referred to as NYSE:BRO or BRO-N
In the last year, 1 stock analyst published opinions about BRO-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Brown & Brown.
Brown & Brown was recommended as a Top Pick by on . Read the latest stock experts ratings for Brown & Brown.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Brown & Brown In the last year. It is a trending stock that is worth watching.
On 2025-02-07, Brown & Brown (BRO-N) stock closed at a price of $108.58.
He sold it because the valuation got too large. They're in property & casualty insurance, and there have been a lot of disasters, like the pandemic or hurricanes.