Barclays Sticks to Its Sell Rating for Brown & Brown

By Jason Carr

In a report released yesterday, Jay Gelb from Barclays maintained a Sell rating on Brown & Brown (NYSE: BRO), with a price target of $23. The company’s shares closed yesterday at $25.44.

According to TipRanks.com, Gelb is a 5-star analyst with an average return of 8.8% and a 68.3% success rate. Gelb covers the Financial sector, focusing on stocks such as American International Group, Renaissancere Holdings Ltd, and Aspen Insurance Holdings.

Brown & Brown has an analyst consensus of Moderate Sell, with a price target consensus of $37.63.

The company has a one-year high of $26.94 and a one-year low of $20.55. Currently, Brown & Brown has an average volume of 689.7K.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock.

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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.