Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Brown & Brown Looks A Little More Interesting Now, But Not Quite Interesting Enough To Buy Yet

I first wrote about insurance company Brown & Brown (NYSE:BRO) last September when I lamented that despite the company's solid underlying fundamentals, shares were too expensive to get excited about at that time. Since September, the insurance and reinsurance company has basically gone nowhere despite continuing to post good year over year revenue and profitability growth. The company is continuing to benefit from its decentralized business model and acquisition strategy, as both elements help to drive revenues dramatically higher over time. Organic revenues at the firm are more dependent on the state of the property and casualty insurance (P&C) market, but they are doing reasonably well at this point given the stage in the insurance pricing cycle we...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
WITH SEEKING ALPHA PRO, INVESTORS CAN ALSO:
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details