Brown & Brown, Inc. (NYSE:BRO) observed significant activities in the recent past. Large investors like D.A. Davidson & CO.
increased stakes, while notable entities such as
Nomura Asset Management reduced shares. Nevertheless,
institutional investors still maintain a controlling 73% share of the company. With substantial acquisitive maneuvers like the
Asset Acquisition of DealerMax, the company is enhancing its portfolio. A 131%
share price gain, a 23.4% rise within a year, and
Q1 2024 results surpassing estimates have investors and markets optimistic about its future performance.
Bank of America upgraded its rating to “Neutral”, and it appears Brown & Brown (BRO)
Stock Stands Out in a strong industry.
Revenue forecasts were surpassed with a strong performance in Q1.
Asset Acquisition of Caton-Hosey Insurance further expanded their reach.
Kathleen A. Savio was appointed to the company's board of directors, bolstering its expertise and elaborating their innovative strategy. Portfolio fortification continued with the
strengthens portfolio with DealerMax, resulting in a 34% gain in the year. Its
Underwriting is yielding strong returns, and the
CEO may soon see a rise in recompense.
Brown Brown BRO News Analytics from Mon, 22 Oct 2018 07:00:00 GMT to Sun, 26 May 2024 19:53:13 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -5
