Are Wall Street Analysts Bullish on Brown & Brown Stock?

Valued at a market cap of $27.6 billion, Brown & Brown, Inc. (BRO) is one of the largest insurance brokerage firms in the United States, specializing in providing insurance products, risk management solutions, and consulting services to businesses, government entities, professional organizations, and individuals. The Florida-based company operates through four main segments: Retail, National Programs, Wholesale Brokerage, and Services, allowing it to offer a wide range of property & casualty insurance, employee benefits, personal lines, and specialty programs.

The insurance company's shares have lagged behind the broader market over the past 52 weeks. BRO stock has decreased 26.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 13.7%. Moreover, shares of the company are down 20.9% on a YTD basis, compared to SPX’s 13.4% gain.