In a report issued on July 5, Elyse Greenspan from Wells Fargo maintained a Hold rating on Brown & Brown (NYSE: BRO), with a price target of $26. The company’s shares opened today at $28.77, close to its 52-week high of $28.83.
According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 5.3% and a 62.5% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.
Currently, the analyst consensus on Brown & Brown is a Moderate Buy with an average price target of $28.67.
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Based on Brown & Brown’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $88.93 million. In comparison, last year the company had a net profit of $64.46 million.
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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.
