In a report issued on September 18, Elyse Greenspan from Wells Fargo maintained a Hold rating on Brown & Brown (NYSE: BRO), with a price target of $28. The company’s shares closed on Friday at $30.27, close to its 52-week high of $31.55.
Greenspan said:
“We are updating our model (no change to full-year EPS) to reflect lower organic growth in the National Programs segment and higher level of capex spend.”
According to TipRanks.com, Greenspan is a 4-star analyst with an average return of 7.0% and a 72.6% success rate. Greenspan covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Renaissancere Holdings Ltd, and United Insurance Holdings.
Currently, the analyst consensus on Brown & Brown is a Hold with an average price target of $29.80.
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The company has a one-year high of $31.55 and a one-year low of $23.65. Currently, Brown & Brown has an average volume of 939K.
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Brown & Brown, Inc. 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.
