5 Most Oversold Large Cap Stocks to Buy

3. Brown & Brown, Inc. (NYSE:BRO)

RSI Value: 26.23

Market Capitalization: $19.13 billion

Brown & Brown, Inc. (NYSE:BRO) is among the best oversold stocks to invest in.

TheFly reported on May 7 that BRO was upgraded by Citigroup from Neutral to Buy, while the price target remained unchanged at $70. The firm also raised its outlook on several insurance brokerage companies, pointing to valuation as the primary driver behind the change. It noted that current cyclical pressures affecting growth are expected to moderate over the coming quarters, which could create broader upside potential across the sector as conditions normalize and support improved investor returns.

Separately, earlier, on April 28, Brown & Brown, Inc. (NYSE:BRO) reported first-quarter results showing earnings per share of $1.39, slightly above analyst expectations of $1.36. Revenue for the quarter came in at $1.90 billion, also modestly ahead of consensus estimates of $1.89 billion. Management highlighted that employees continued to support clients effectively despite a challenging environment for growth across the insurance sector. The results reflected steady operational performance, with both top and bottom line figures exceeding market forecasts, indicating resilience in the company’s core brokerage operations during the period.

Brown & Brown, Inc. (NYSE:BRO) is a global insurance brokerage based in Daytona Beach. It provides insurance, reinsurance, and risk management solutions for businesses, governments, and individuals through a decentralized network of offices worldwide.