The decline came despite a broader market rally, with the S&P 500 up 1.46% and the Dow Jones Industrial Average rising 1.24%.
It was Brown & Brown's second straight daily loss, leaving the stock 50.31% below its 52-week high of $113.84; volume reached 3.3 million, above its 50-day average.
Why did top insurance brokers' stocks tumble together despite strong earnings and a rising market?
Is Brown & Brown a major bargain, with models valuing it at double its current price despite recent struggles?
Can Brown & Brown survive the 'talent war' that has already cost it millions in annual revenue?