Brown & Brown Inc. (NYSE:BRO) traded today at a new 52-week high of $54.82. Approximately 206,000 shares have changed hands today, as compared to an average 30-day volume of 965,000 shares.
Brown & Brown Inc is an insurance agent and broker that offers insurance products and services, primarily in the areas of property, casualty, and employee benefits, by connecting customers with insurance companies. It earns its revenue via commissions from insurance companies and direct fees from customers, and it generally has no underwriting risk exposure. More than half of its revenue is from its retail segment, which provides a broad range of insurance products and services to entities and individuals. Roughly a fourth of revenue is from its national programs segment, which provides, among other things, professional liability coverage for professionals. The company operates primarily in the United States, with its highest exposure in Florida.
Brown & Brown Inc. share prices have moved between a 52-week high of $54.82 and a 52-week low of $42.72 and are now trading 27% above that low price at $54.26 per share.
Brown & Brown Inc. (NYSE:BRO) defies analysts with a current price ($54.26) 8.4% above its average consensus price target of $49.69.
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