Korn/Ferry International, Clean Harbors, Arthur J Gallagher & Co., Marsh & McLennan and Brown & Brown highlighted as Zacks Bull

  Korn/Ferry International, Clean Harbors, Arthur J Gallagher & Co., Marsh &
   McLennan and Brown & Brown highlighted as Zacks Bull and Bear of the Day

PR Newswire

CHICAGO, Sept. 26, 2013

CHICAGO, Sept. 26, 2013 /PRNewswire/ --Zacks Equity Research highlights
Korn/Ferry International (NYSE:KFY-Free Report) as the Bull of the Day and
Clean Harbors (NYSE:CLH-Free Report) as the Bear of the Day. In addition,
Zacks Equity Research provides analysis ontheArthur J Gallagher & Co.
(NYSE:AJG-Free Report), Marsh & McLennan (NYSE:MMC-Free Report) and Brown &
Brown Inc. (NYSE:BRO-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Here is a synopsis of all five stocks:

Bull of the Day:

Korn/Ferry International (NYSE:KFY-Free Report) recently delivered solid
results for the first quarter of its fiscal 2014 as the company beat the Zacks
Consensus Estimate on both the top and bottom lines. It was the company's 6th
consecutive positive earnings surprise.

Management also provided bullish guidance for the second quarter, prompting
analysts to revise their estimates higher and sending the stock to a Zacks
Rank #1 (Strong Buy).

With shares trading at a reasonable 14.5x forward earnings, Korn/Ferry has
attractive upside potential.

Korn/Ferry International provides executive search services and leadership
consulting and recruitment process outsourcing services around the globe. It
is headquartered in Los Angeles and has a market cap of $1.1 billion.

Korn/Ferry delivered better-than-expected results for the first quarter of its
fiscal 2014 on September 5. Adjusted earnings per share came in at 33 cents,
beating the Zacks Consensus Estimate by 3 cents. It was a 50% increase over
the same quarter last year.

Fee revenue rose 22% to $228.4 million, ahead of the Zacks Consensus Estimate
of $225.0 million. This was due in part to acquisitions, but organic fee
revenue was still up a solid 8% on a constant-currency basis. The
'Executive-Recruitment' segment, which accounted for 60% of total revenue,
grew 7%.

Meanwhile, operating income jumped 36% year-over-year as the operating margin
expanded 110 basis points to 10.2%.

Bear of the Day:

Clean Harbors (NYSE:CLH-Free Report) delivered disappointing second quarter
results in August, prompting analysts to revise their estimates significantly
lower for both 2013 and 2014. It was also the company's 4th earnings miss in
the last 5 quarters.

Despite the poor earnings momentum, shares trade at a premium on a forward P/E
basis. Investors should consider avoiding this stock until its earnings
momentum improves.

Clean Harbors provides environmental, energy and industrial services
throughout North America. It also provides used oil recycling and re-refining,
parts washers and environmental services for the small quantity generator
market through its Safety-Kleen subsidiary. The company is headquartered in
Massachusetts and has a market cap of $3.5 billion.

Clean Harbors reported disappointing second quarter results on August 7. The
company reported EPS of 45 cents, which was well below the Zacks Consensus
Estimate of 60 cents.

Total revenues came in at $860.5 million, below the consensus of $898.0
million. This shortfall was due in part to flooding in Canada, which affected
both its Industrial & Field Services segment and Oil & Gas Field Services
segment. The company also sold a lower percentage of blended products in its
Oil Re-refining & Recycling segment.

While management stated that it "continue[s] to anticipate a stronger second
half of 2013", the company still lowered its revenue and adjusted EBITDA
guidance following the Q1 miss. This prompted analysts to revise their
estimates significantly lower for both 2013 and 2014, sending the stock to a
Zacks Rank #5 (Strong Sell).

Additional content:

Compelling Growth Story for Gallagher

Arthur J Gallagher & Co. (NYSE:AJG-Free Report) has been on an uptrend
reflecting investors' enthusiasm about its impressive inorganic growth story.
Shares gained almost 28% year–to–date. The insurance broker announced yet
another acquisition recently.

Arthur J. Gallagher & Co. acquired New York-based fine arts broker team of
Jeffrey Haber and Michael Fischman. With this acquisition, the tally reaches
four for the month and six for the current quarter. This also compares
favorably with five acquisitions (with annualized revenues totaling $35.9
million) closed in the preceding quarter. The company's strong financial
position continues to support the acquisitions.

The acquisition complements the acquirer's product portfolio as the broker
team of Haber and Fischman provides retail insurance products and risk
management services in the U.S. with specialization in insurance coverage for
art galleries and dealers, museums, and high net worth collectors. Moreover,
it will also enhance the acquirer's operations in the Northeast Region.

Arthur J. Gallagher & Co. undertakes acquisitions to augment its product and
service offerings as well as expand its international exposure. Transactions
earlier in September include adding Belmont International based in Kent,
England; Eau Claire, Wis.-based R. W. Scobie, Inc.; and London-based Giles
Group of Companies (Giles) to its portfolio.

While adding Belmont, provider of retail insurance and employee benefit
products and services, will leverage Arthur J Gallagher & Co.'s foothold in
southeastern U.K. and also enhance its product portfolio, acquisition of
Scobie will augment the company's wholesale network. The Giles acquisition
will expand the company's footprint in England and Scotland and help it to
make a foray into Northern Ireland, Wales, Isle of Man and the Channel
Islands. It will also inflate Arthur J. Gallagher & Co.'s client base in the
middle-market and enhance its underwriting footprint via current underwriting
business and increased retail distribution opportunities through broker

With respect to earnings performance, Arthur J Gallagher & Co. delivered
straight quarters of positive surprise with an average beat of almost 14%. We
expect the trend to continue as our proven model shows that Arthur J.
Gallagher & Co. has the right combination of positive Earnings ESP and Zacks
Rank. Expected Surprise Prediction or ESP, which represents the difference
between the Most Accurate Estimate and the Zacks Consensus Estimate, is
+5.80%. Arthur J. Gallagher & Co. presently carries a Zacks Rank #3 (Hold).

Arthur J Gallagher & Co. has been witnessing rising earnings estimates,
reflecting analysts' confidence on the solid execution of the company. Over
the last 30 days, the Zacks Consensus Estimate for 2013 moved north by 0.5% to
$2.21 as 4 of 12 estimates were raised. For 2014 also, 4 of 12 estimates moved
up pushing the Zacks Consensus Estimate by 1.6% to $2.59.

Among other insurance brokers, in August, Mercer, consulting wing of Marsh &
McLennan (NYSE:MMC-Free Report) announced its intention to purchase the
pension wind-up operations of PricewaterhouseCoopers (PwC) in Canada, in a bid
to expand its operations in the country. Brown & Brown Inc. (NYSE:BRO-Free
Report) closed its merger with Beecher Carlson Holdings, Inc. in July.

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