Brown & Brown Inc. (NYSE:BRO) has seen a decrease in stock holdings by several asset management companies, such as Price T Rowe Associates, Advisors Asset Management, and US Bancorp. Despite this, the Tidal Investments and Avantax Advisory Services have increased their shares in the company. The firm has reported overall earnings growth, beating Wall Street expectations in Q2 and having its price target raised by several financial institutions.
5 years ago, investing in Brown & Brown would have yielded a 176% gain. Brown & Brown also reports strong institutional ownership, reaching to 73%, evident from the involvement of organizations such as Lazard and Forsta AP Fonden. Recent strategic changes include the introduction of Kathleen A. Savio to the Board of Directors, the acquisition of Quintes Holding B.V., and a segment realignment. However, the company's shareholders are anxious due to the recent changes and financial prospects.
Although the company surpassed analyst revenue forecasts and reported strong revenue growth, there's a significant concern about a potential slowdown in revenue growth. Lastly, some of the recent achievements include exceeding earnings expectations and a strong Q1 performance in 2024,
Brown Brown BRO News Analytics from Tue, 12 Feb 2019 08:00:00 GMT to Sat, 03 Aug 2024 15:39:25 GMT - Rating 4 - Innovation 7 - Information 6 - Rumor 2
