Shares of Brown & Brown Inc. (NYSE:BRO) traded today at $56.49, eclipsing its 52-week high. Approximately 138,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million 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. (NYSE:BRO) is currently priced 15.6% above its average consensus analyst price target of $47.66.
In the past 52 weeks, Brown & Brown Inc. share prices are bracketed by a low of $42.72 and a high of $56.49 and is now at $56.46, 32% above that low price.
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