Brown & Brown, Inc. (NYSE:BRO) has displayed consistent performance in the market, as the company demonstrates solid appreciation. The firm has seen its holdings increased by Brookstone Capital Management and Park Avenue Securities LLC, while also managing to capture the attention of investment giants like Wellington Management Group and American International Group. Although downgraded to 'Hold' by StockNews.com, the company shines with its delivery of a 176% gain for those who invested five years ago. They have consistently surpassed Q4 earnings and revenue estimates, hitting a new 1-year high at $93.25.
They show no sign of slowing down, despite experiencing a slight decrease since the last earnings report. The company continues to strengthen its portfolio, acquiring assets of companies such as CHAPP, Inc., DealerMax, Hillco Insurance, and Caton-Hosey Insurance. Notably, the company has caught the eye of investors, boasting a 73% institutional ownership. It remains a favorite among shareholders, who applaud their strong returns and revenue growth. However, some shareholders may have concerns about the company's P/E ratio.
Brown Brown BRO News Analytics from Thu, 15 Aug 2019 07:00:00 GMT to Sun, 30 Jun 2024 11:36:56 GMT - Rating 7 - Innovation 3 - Information 9 - Rumor -5
