Brown & Brown's Undervalued Status Amid Share Price Pullback

Brown & Brown's (BRO) share price has dipped 20% YTD and 8% in the past month, but its 3-year total shareholder return remains robust at 38%. Analysts see a fair value above the current price, with a narrative suggesting the market may be underestimating future growth and earnings momentum. However, uncertainty around tariffs, interest rates, and employee benefits costs could impact earnings growth.