This Stock is a Stellar Long-Term Investment

October 20, 2017


Today, we look at the benefits of playing the “middleman”…

Insurance companies profit from a rock-solid business model, collecting premiums up front and investing the cash. But often, they have help…

Enter the “insurance intermediaries,” which act like brokers, connecting folks to insurance products.

It’s a win-win relationship.

And that’s why betting on the middleman can be a powerful investing strategy…

Brown & Brown (BRO) is the sixth-largest intermediary in the U.S., offering a slew of insurance-related products and services.

The company is enjoying healthy profits, bringing in $1.8 billion in revenue last year – up 6% from 2015. Not only that, but Brown & Brown is using the cash to reward shareholders… It recently raised its dividend for the 24th year in a row.

As you can see in the chart below, shares have soared more than 90% in the past five years. They shot up 31% in the past year alone… and recently hit an all-time high. It goes to show that although supporting players may fly under the radar, they can be stellar long-term investments…

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Source: Daily Wealth’s Market Notes