Barclays maintains an 'Overweight' on Brown & Brown (BRO); Organic Growth Turns Positive - Peers Should Also Benefit

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Barclays maintains an 'Overweight' on Brown & Brown (NYSE: BRO) price target of $28.00.

Analyst, Sarah DeWitt, said, "BRO reported higher-than-projected 1Q12 EPS, and organic growth turned positive for the first time since 4Q06, which is faster than we anticipated...As BRO's organic growth accelerates, the company could benefit from significant positive operating leverage and EPS growth."

DeWitt sees Arthur J Gallagher (NYSE: AJG), Willis Group (NYSE: WSH), Marsh & McLennan (NYSE: MMC) and Aon Corporation (NYSE: AON) benefitting laterally from Brown & Brown's Q1 report.

For an analyst ratings summary and ratings history on Brown & Brown click here. For more ratings news on Brown & Brown click here.

Shares of Brown & Brown closed at $24.04 yesterday, with a 52 week range of $16.77-$26.45.

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