Brown & Brown’s Deal Spree Has Investors Asking About The Payoff
Brown & Brown Inc. (NYSE: BRO) has pursued an aggressive acquisition strategy, leading to record revenues but also increased debt and integration costs, causing its stock to underperform the S&P 500. While its M&A engine drives top-line growth, organic growth has slowed and its valuation trades at a premium compared to peers. Investors are monitoring the company's ability to manage debt, integrate acquisitions effectively, and deliver on earnings to justify its higher multiple.
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