Why Brown & Brown Stock Jumped 12% in April
Brown Brown (NYSE: BRO) saw its stock price jump 12.1% in April, according to S&P Global Market Intelligence. As of May 4, Brown Brown was trading at about $64 per share, up roughly 12.5% year to date (YTD).
The stock outperformed the major market indexes, as the S 500 was up 1.5%, the Dow Jones Industrial Average climbed 2.5%, and the Nasdaq Composite was essentially flat in April.
Brown Brown, an insurance broker, posted first-quarter earnings last month that beat revenue and earnings estimates and propelled the stock price higher.
Source Fool.com
