BGB Securities Comments on Brown & Brown

BGB Securities provided color on Brown & Brown (NYSE: BRO) in a research report published today. BGB Securities has a Buy rating on Brown & Brown.

In the report, BGB Securities states, "Investors may be thinking that the growth premium typically paid for BRO is no longer warranted. In our opinion, that would be a mistake. BRO has historically shown its desire to be acquisitive, and has shown success in integrating those acquisitions into its model while maintaining the best operating margins of its peers."

Shares of Brown & Brown were trading at $19.60 at the time of posting, up 9.31% from Monday's market close.