Brown & Brown, Inc. (NYSE:BRO), a noted player in the insurance sector, is drawing a lot of attention. Significant transactions, such as share acquisitions by the State of Alaska Department of Revenue, Diversified Trust Co, and others, demonstrate strong interest. Financial performance has been generally positive, with the company surpassing analyst revenue forecasts in Q1 2024, witnessing strong overall revenue growth, and boasting an impressive 176% gain for investors over the past five years.
There's been a series of acquisitions including assets of
CHAPP, Inc., Citrus Insurance Services, Inc.,
McNamara Company, and Hillco Insurance among others, that have enriched the company's portfolio. These acquisitions coupled with strategic realignments and organic growth have kept the company's growth trajectory strong. The announcement of Kathleen A. Savio joining the Board of Directors and other management changes have also made the news. Overall, the institutional investors have shown confidence in the company with around 73% ownership. Analysts seem to have mixed feedback, with some suggesting a 'hold' for the stock.
Brown Brown BRO News Analytics from Mon, 06 Jan 2020 08:00:00 GMT to Sun, 07 Jul 2024 09:31:50 GMT -
Rating 8
- Innovation 5
- Information 8
- Rumor -6
