Brown & Brown Inc. (NYSE:BRO) is a mid-sized ($4.7B) diversified insurance company that has a lot of things going for it; decent revenue growth, sustained profitability, diversified operations, a few catalysts and a respectable dividend.
Unfortunately, the stock also has one major factor working against it; it's not cheap either compared with peers or based on the stock's own history. As a result investors looking to get into the company either need to have a long-term interest in the stock (and a willingness to see the price appreciate at the same rate as profits over the long run), or they need to be very optimistic about the catalysts the firm has coming up. For those investors who...
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