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Brown & Brown (BRO) Falls: Stock Tumbles 7.8%

Zacks Equity Research

Brown & Brown Inc. (BRO) saw a big move last session, as the company’s shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for BRO, as the stock is now down nearly 14% since Jan 22.

Although this slump was obviously disappointing, the company has seen 5 positive revisions and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for BRO. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.

BRO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Some better-ranked stocks in the financial sector include Hannover R (HVRRY), The Goldman Sachs Group, Inc. (GS) and TD Ameritrade Holding Corporation (AMTD). All these stocks carry a Zacks Rank #2 (Buy).

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BROWN & BROWN INC (BRO): Free Stock Analysis Report

HANNOVER (HVRRY): Free Stock Analysis Report

GOLDMAN SACHS GROUP INC (GS): Free Stock Analysis Report


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