This insurance company beat analysts’ estimates by $0.05 last quarter.
Brown & Brown (BRO)
From 2 for 1 Stock Split Newsletter
Brown & Brown (BRO) was founded in 1939, went public in 1959, and is headquartered in Daytona Beach, Florida. This is a diversified insurance agency, wholesale brokerage, and service company focusing on property and casualty lines and worker’s compensation.
The standout numbers for BRO are its returns and profit margins, both well in excess of those of its peers. In addition, we get very stable growth, a strong balance sheet, and low volatility. My prediction is this will be a rather “under the radar” type of company but a steady performer, and one we will be happy to have in the 2 for 1 portfolio.
The split will be delivered in just over a week, so we are likely to see some added volatility for a short while.
Neil MacNeale, 2 for 1 Stock Split Newsletter, www.2-for- 1.com, 408-210-6881, March 2018