Tuesday, 25 June 2024

Business News

Brown & Brown (BRO) Gets a Buy from Truist Financial – TipRanks Financial Blog

Lincoln National cut to Neutral at BofA due to $2.1B life reserve charge

Truist Financial analyst Mark Hughes maintained a Buy rating on Brown & Brown (BROResearch Report) on September 14 and set a price target of $85.00. The company’s shares closed yesterday at $73.33.

Hughes covers the Financial sector, focusing on stocks such as American Equity Investment Life, Brown & Brown, and Amerisafe. According to TipRanks, Hughes has an average return of 14.4% and a 67.30% success rate on recommended stocks.

Brown & Brown has an analyst consensus of Moderate Buy, with a price target consensus of $78.29.

See Insiders’ Hot Stocks on TipRanks >>

The company has a one-year high of $74.57 and a one-year low of $52.64. Currently, Brown & Brown has an average volume of 1.13M.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BRO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Brown & Brown, Inc. is an insurance agency, wholesale brokerage, insurance programs and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail; National Programs; Wholesale Brokerage; and Services. The Retail Segment receives fees in lieu of commissions. The National Programs segment acts as a managing general agent and provides professional liability and related package products for certain professionals, a range of insurance products for individuals, flood coverage, and targeted products and services designated for specific industries, trade groups, governmental entities and market niches. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance, primarily through independent agents and brokers, as well as company’s retail agents. The Services segment provides insurance-related services, including third-party claims administration and comprehensive medical utilization management services in both the workers’ compensation and all-lines liability arenas, as well as medicare Set-aside services, social security disability and medicare benefits advocacy services and claims adjusting services. The company…

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