The majority of this insurance company’s analysts rate its shares a ‘Buy.’ The stock has held up fairly well in this environment, and seems to be showing signs of strength.
Brown & Brown, Inc. (BRO)
From Positive Patterns
It’s been a long time since I could find this many cheap stocks. and this sale is not likely to last long. There are some gifts out there right now and yeah, it’s very scary, but these stocks are on sale—and that’s how bargains are had—when it’s really scary, like NOW! As with any major/global event some of the world/habits will change after this big event—but many will not.
Think of your stocks in terms of June, or July; do they have the balance sheets that these times will require ahead—to be on offense, not defense?
I am going to add one new insurance stock, too—Brown & Brown. It is not as big as AON (AON), but it’s a very sharp outfit with an outstanding balance sheet and some good niches where the company does well.
I have been waiting for something like this as an opportunity to add some quality insurance/broker stocks and BRO is a good buy up to $45.
Bob Howard, Positive Patterns, P.O. Box 310, Turners, MO 65765, 417-887-4486, March 17, 2020