Brown & Brown Stock Outlook: Is Wall Street Bullish or Bearish?

Daytona Beach, Florida-based Brown & Brown, Inc. (BRO) markets and sells insurance products and services. Valued at $29.1 billion by market cap, the company also provides risk management, employee benefit administration, and managed health care services. 

Shares of this leading insurance brokerage firm have outperformed the broader market considerably over the past year. BRO has gained 39.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.5%. In 2024, BRO stock is up 43.8%, surpassing SPX’s 17.8% rise on a YTD basis.