BGB Securities Maintains Brown & Brown Buy

BGB Securities maintained its Brown & Brown (NYSE: BRO) Buy rating on the company's earnings announcement released today. BGB Securities has a $30 price target on the company.

In the report, BGB Securities stated, "BRO's 1Q12 earnings' sets a good tone for the first quarter. Organic growth is improving, acquisition growth is steady, and margins are holding firm. Premium rates seem to be increasing at a steady pace, which is easier for customers to absorb."

Shares of Brown & Brown closed today at $ 25.44, up 5.82% from Monday's market close.