The decline came despite a broader market rally, with the S&P 500 up 1.02% and the Dow Jones Industrial Average gaining 1.62%.
It was Brown & Brown's third straight daily loss, leaving the stock 47.16% below its 52-week high of $113.84, as trading volume rose to 5.8 million shares.
Is Brown & Brown a massive bargain or a dangerous value trap for investors?
With organic growth flat, is Brown & Brown's acquisition spree masking deeper issues?
What does WTW's 12% plunge signal about hidden risks in the insurance sector?