Brown & Brown Snaps up AGIS Network, Gremesco

Brown & Brown (BRO) has acquired all the assets of AGIS Network, Inc. AGIS Network is an employee benefits enrolment firm that facilitates technology-driven resources, and long-term care benefits options for Read More... The post Brown & Brown Snaps up AGIS Network, Gremesco appeared first on TipRanks Financial Blog.

Brown & Brown Snaps up AGIS Network, Gremesco

Brown & Brown () has acquired all the assets of AGIS Network, Inc.

AGIS Network is an employee benefits enrolment firm that facilitates technology-driven resources, and long-term care benefits options for large employer groups, governmental agencies, and individual consumers.

The addition of AGIS Network will enhance Brown & Brown’s capabilities to better serve the long-term care marketplace. (See BRO stock charts on TipRanks)

Paul Rogers, SVP for Brown & Brown National Employee Benefits, commented, “The AGIS acquisition is an excellent complement to our existing value proposition that focuses on specialization to deliver extraordinary value to our employee benefits customers.”

Brown & Brown also announced that its subsidiary, Bridge Specialty Group, has acquired all the assets of Gremesco.

Gremesco is a wholesale insurance broker offering property and casualty insurance products and services through retail agents in New Jersey and New York.

The financial terms of both deals have been kept under wraps.

Last month, Wolfe Research analyst Michael Zaremski initiated coverage of Brown & Brown with a Hold rating, and a price target of $61 (8.6% upside potential).

Consensus among analysts is a Moderate Buy, based on two Buys and four Holds. The average Brown & Brown price target of $58.83 implies 4.7% upside potential to current levels.

TipRanks data shows that financial blogger opinions are 100% Bullish on BRO, compared to a sector average of 73%.

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Cinedigm (CIDM) Gets a Buy Rating from Benchmark Co.

In a report released today, Daniel Kurnos from Benchmark Co. maintained a Buy rating on Cinedigm (CIDM – Research Report), with a price target of $5.00. The company's shares closed last Monday at $2.13, close to its 52-week high of $2.34. According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 12.5% and a 55.5% success rate. Kurnos covers the Technology sector, focusing on stocks such as Zillow Group Class A, Porch Group, and CarGurus. Cinedigm has an analyst consensus of Moderate Buy, with a price target consensus of $4.25, which is a 93.2% upside from current levels. In a report issued on September 13, Alliance Global Partners also reiterated a Buy rating on the stock with a $3.50 price target. See today’s analyst top recommended stocks >> Based on Cinedigm's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $15.02 million and net profit of $5.19 million. In comparison, last year the company earned revenue of $6.02 million and had a GAAP net loss of $19.86 million. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Cinedigm Corp. engages in the marketing and distribution of movie, television, and other short form content managing a library of distribution rights. It operates through the segments; Cinema Equipment Business, and Content and Entertainment Business (CEG). The Cinema Equipment Business segment consists of the non-recourse, financing vehicles, and administrators. The Content and Entertainment Business refers to ancillary market aggregation and distribution of entertainment content and, branded and over-the-top (OTT) digital network business providing entertainment channels and applications. The company was founded by A. Dale Mayo on March 31, 2000 and is headquartered in New York, NY. Read More on CIDM: Brown & Brown Snaps up AGIS Network, Gremesco Boeing to Build Navy’s Newest Carrier-Based Aircraft China Evergrande Changes the Game on Wall Street Intuitive Surgical: Fantastic Company, Expensive Stock Needham Keeps a Buy Rating on OncoCyte (OCX) The post Cinedigm (CIDM) Gets a Buy Rating from Benchmark Co. appeared first on TipRanks Financial Blog.

In a report released today, Daniel Kurnos from Benchmark Co. maintained a Buy rating on Cinedigm (CIDM – Research Report), with a price target of $5.00. The company's shares closed last Monday at $2.13, close to its 52-week high of $2.34.

According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 12.5% and a 55.5% success rate. Kurnos covers the Technology sector, focusing on stocks such as Zillow Group Class A, Porch Group, and CarGurus.

Cinedigm has an analyst consensus of Moderate Buy, with a price target consensus of $4.25, which is a 93.2% upside from current levels. In a report issued on September 13, Alliance Global Partners also reiterated a Buy rating on the stock with a $3.50 price target.

Based on Cinedigm's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $15.02 million and net profit of $5.19 million. In comparison, last year the company earned revenue of $6.02 million and had a GAAP net loss of $19.86 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cinedigm Corp. engages in the marketing and distribution of movie, television, and other short form content managing a library of distribution rights. It operates through the segments; Cinema Equipment Business, and Content and Entertainment Business (CEG). The Cinema Equipment Business segment consists of the non-recourse, financing vehicles, and administrators. The Content and Entertainment Business refers to ancillary market aggregation and distribution of entertainment content and, branded and over-the-top (OTT) digital network business providing entertainment channels and applications. The company was founded by A. Dale Mayo on March 31, 2000 and is headquartered in New York, NY.

Read More on CIDM:

  • Brown & Brown Snaps up AGIS Network, Gremesco
  • Boeing to Build Navy’s Newest Carrier-Based Aircraft
  • China Evergrande Changes the Game on Wall Street
  • Intuitive Surgical: Fantastic Company, Expensive Stock
  • Needham Keeps a Buy Rating on OncoCyte (OCX)

The post Cinedigm (CIDM) Gets a Buy Rating from Benchmark Co. appeared first on TipRanks Financial Blog.

Source : Tip Ranks More   

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