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Brown & Brown (BRO) Stock Dips Following Q1 Results

NEW YORK (TheStreet) -- Shares of Brown & Brown (BRO - Get Report) are sliding by 4.08% to $34.53 on heavy trading volume Tuesday afternoon, after the Daytona Beach, FL-based company reported its 2016 first quarter results.

After yesterday's closing bell, the insurance company posted adjusted earnings of 44 cents per share, beating analysts' estimates of 42 cents per share.

Revenue for the quarter was $424.2 million, below Wall Street's estimates of $425.1 million.

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