NEW YORK (TheStreet) -- Shares of Brown & Brown(BRO) - Get Report are sliding by 4.08% to $34.53 on heavy trading volume Tuesday afternoon, after the Daytona Beach, FL-based company reported its 2016 first quarter results.

After yesterday's closing bell, the insurance company posted adjusted earnings of 44 cents per share, beating analysts' estimates of 42 cents per share.

Revenue for the quarter was $424.2 million, below Wall Street's estimates of $425.1 million.

"During the first quarter, we grew each of our divisions organically and we continued to invest for the long term," CEO J. Powell Brown said in a statement.

About 1.46 million of the company's shares were traded so far today, well above its average volume of 653,157 shares per day.

Separately, TheStreet Ratings Team has a Buy rating with a score of A on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance.

The team believes its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: BRO

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