Jim Cramer Looked At These 23 Stocks Recently

5. Brown & Brown, Inc. (NYSE:BRO)

Number of Hedge Fund Holders: 39

As per Cramer, Brown & Brown, Inc. (NYSE:BRO) was one of the two stocks to “top the list of best performers” in the group.

“To prove that the theme isn’t just recession, financials are the third best-performing sector and we know this group has a hefty reliance on credit, which sours in a recession. Insurance has been incredibly hot this year with a remarkable pricing factor as you know, well, you know all too well if you own the stocks of Brown & Brown or Arthur J. Gallagher, two storied insurance brokers that top the list of best performers in the group. I never met anybody who owned them though…

None of these have any real credit risks, one of the reasons why I like them, but their financials nonetheless, and the bank stocks are acting much better than expected even if they’re not at the top of the heat.”

Brown & Brown (NYSE:BRO) provides a wide range of insurance products and services, including property and casualty, employee benefits, and professional liability insurance, along with risk management and claims administration.