Brown & Brown (BRO) Board Approves 9% Dividend Increase for Q4 2

Brown & Brown Inc. (NYSE: BRO) has announced a 9% increase in its quarterly cash dividend to 18 cents per share, marking its 33rd consecutive year of dividend raises. The stock is currently trading at $70.53, which GuruFocus's GF Value™ suggests is approximately 36.8% below its intrinsic value of $111.53, indicating potential undervaluation. Despite being flagged as a "Possible Value Trap," the company boasts a strong GF Score™ of 78/100, driven by excellent growth and profitability, and has seen net insider buying over the past year.