Updated
Updated · MarketWatch · May 7Brown & Brown stock rallies and outperforms competitors in weak market
10 articles · Updated · MarketWatch · May 7
- Shares rose 2.63% to $58.05 on Thursday as the S&P 500 fell 0.38% and the Dow dropped 0.63%.
- The gain ended a two-day losing streak and beat moves by Arthur J. Gallagher, up 2.55%, and Willis Towers Watson, up 2.24%.
- Trading volume reached 3.4 million shares, above the 50-day average of 3.2 million, though the stock remains 49.01% below its 52-week high of $113.84.
With insiders buying, is Brown & Brown's beaten-down stock a hidden gem or a classic value trap? Can Brown & Brown's acquisition spree mask its stalled organic growth and soaring legal costs? Employee poaching cost BRO millions. Is this 'talent war' the new reality for the insurance industry?