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Brown & Brown, Inc. (NYSE:BRO) is included among the 15 Best Consistent Dividend Stocks to Buy Right Now.

On April 6, Morgan Stanley lowered its price recommendation on Brown & Brown, Inc. (NYSE:BRO) to $70 from $76. It maintained an Equal Weight rating on the shares. The firm adjusted targets across the property and casualty insurance group as part of its Q1 earnings preview. It expects solid underwriting across the sector, though that strength is likely to be offset by continued pricing softening, the analyst said in a research note. Morgan Stanley also noted it remains “generally negative” on personal lines. It added that reinsurers “should maintain stability.”

Earlier, on March 11, Barclays analyst Alex Scott lowered the firm’s price goal on Brown & Brown to $80 from $82 and maintained an Equal Weight rating. The analyst said the insurance broker group has “derated sharply on fears of AI-driven disruption.” Barclays views the recent selloff as overdone. It believes current share multiples are now “more than discount”, slower growth, while not fully reflecting the durability of the broker business model or AI’s ability to support productivity and margins. The analyst described AI as a “productivity enabler” for brokers.

Brown & Brown, Inc. (NYSE:BRO) operates as a diversified insurance agency and wholesale brokerage. The company also runs insurance programs and service operations, focusing mainly on property, casualty, and employee benefits products.

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