Brown & Brown Inc. (NYSE:BRO) traded today at a new 52-week high of $72.25. This new high was reached on below average trading volume as 229,000 shares traded hands, while the average 30-day volume is approximately 1.9 million shares.
Brown & Brown Inc. (NYSE:BRO) is currently priced 2.1% above its average consensus analyst price target of $70.38.
Over the past year, Brown & Brown Inc. has traded in a range of $45.53 to $72.25 and is now at $71.85, 58% above that low.
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.
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