Brown & Brown, Inc. (BRO) has received a prevalent consensus rating of “Hold” from brokerages. The company's stock has seen a 1.1% decrease since its last earnings report, and it recently announced its first quarter 2024 results. A number of major financial groups have shown interest in BRO, such as American International Group Inc., which holds $4.62 Million of BRO's shares. The stock has been attracting investors for its strong performance, with a year-to-date rise of 27%. Despite some analysts predicting a significant slowdown in BRO’s revenue growth, the majority of investors are confident about the company's prospects. Some reason behind this is the strong revenue growth and realignment of its segments. Its Q1 2024 earnings and revenues have reportedly surpassed estimates. Moreover, focus has been placed on the agreement of Brown & Brown, Inc. to acquire Caton-Hosey Insurance along with its continued portfolio strengthening with DealerMax and other strategic acquisitions. The company also reported strong Q3 2023 earnings, with a 15.1% revenue increase.
Brown Brown BRO News Analytics from Sat, 08 Feb 2014 00:47:14 GMT to Sun, 23 Jun 2024 10:46:05 GMT -
Rating 5
- Innovation 3
- Information -2
- Rumor 6
