Brown & Brown Looks A Little More Interesting Now, But Not Quite Interesting Enough To Buy Yet
- Brown & Brown has gone nowhere for six months, and the company’s earnings have started to catch up with valuation.
- Going forward the key drivers of profitability will be expense control and an upturn in the insurance pricing cycle which should start to appear late this year.
- Brown & Brown continues to grow earnings and revenues strongly through acquisitions and the company’s new CFO brings good experience on that front.
- Long-term holders could take a position in Brown & Brown now to avoid missing the eventual move higher, but I think investors may be better of waiting a few more.