NEW YORK ( TheStreet) -- The ex-dividend date for Brown & Brown (NYSE: BRO) is Monday, August 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $20.43 as of 10:03 a.m. ET, the dividend yield is 1.5%.

The average volume for Brown & Brown has been 890,700 shares per day over the past 30 days. Brown & Brown has a market cap of $3.1 billion and is part of the financial sector and insurance industry. Shares are down 12.8% year to date as of the close of trading on Thursday.

Brown & Brown, Inc., together with its subsidiaries, operates as a diversified insurance agency, wholesale brokerage, insurance programs, and service organization in the United States. The company has a P/E ratio of 19.5, above the average insurance industry P/E ratio of 19.3 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 and increase in stock price during the past year. 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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