NEW YORK (

TheStreet

) --

Brown & Brown

(NYSE:

BRO

) hit a new 52-week high Wednesday as it is currently trading at $26.79, above its previous 52-week high of $26.51 with 9,122 shares traded as of 9:30 a.m. ET. Average volume has been 943,000 shares over the past 30 days.

Brown & Brown has a market cap of $3.73 billion and is part of the

financial

sector and

insurance

industry. Shares are up 15.1% year to date as of the close of trading on Tuesday.

Brown & Brown, Inc., a diversified insurance agency, engages in the marketing and sale of insurance products and services in the United States. Its Retail division provides insurance products and services to commercial, public and quasi-public entity, professional, and individual customers. The company has a P/E ratio of 22.3, below the average insurance industry P/E ratio of 22.7 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Brown & Brown as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Brown & Brown Ratings Report

.

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