Brown & Brown Inc. (NYSE: BRO) is -14.06% lower on its value in year-to-date trading and has touched a low of $52.91 and a high of $74.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BRO stock was last observed hovering at around $61.44 in the last trading session, with the day’s loss setting it -1.04% off its average median price target of $70.00 for the next 12 months. It is also 19.47% off the consensus price target high of $75.00 offered by 12 analysts, but current levels are 8.48% higher than the price target low of $66.00 for the same period.
Currently trading at $60.40, the stock is -5.34% and -5.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -1.69% at the moment leaves the stock -6.09% off its SMA200. BRO registered 6.66% gain for a year compared to 6-month loss of -12.73%.
The stock witnessed a -8.39% gain in the last 1 month and extending the period to 3 months gives it a 8.85%, and is -3.39% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.23% over the week and 1.97% over the month.
Brown & Brown Inc. (BRO) has around 12023 employees, a market worth around $17.05B and $3.25B in sales. Current P/E ratio is 27.94 and Fwd P/E is 23.53. Profit margin for the company is 18.50%. Distance from 52-week low is 14.16% and -18.38% from its 52-week high. The company has generated returns on investments over the last 12 months (10.30%).
Brown & Brown Inc. (BRO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Brown & Brown Inc. (BRO) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.60, where 8 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Brown & Brown Inc. is expected to release its quarterly report on 10/24/2022.The EPS is expected to grow by 22.70% this year
Brown & Brown Inc. (BRO) Top Institutional Holders
The shares outstanding are 277.20M, and float is at 235.06M with Short Float at 1.24%.
Brown & Brown Inc. (BRO) Insider Activity
A total of 17 insider transactions have happened at Brown & Brown Inc. (BRO) in the last six months, with sales accounting for 1 and purchases happening 16 times. The most recent transaction is an insider purchase by GELLERSTEDT LAWRENCE L III, the company’s Director. SEC filings show that GELLERSTEDT LAWRENCE L III bought 1,800 shares of the company’s common stock on May 19 at a price of $54.95 per share for a total of $98910.0. Following the purchase, the insider now owns 12884.0 shares.
Brown & Brown Inc. disclosed in a document filed with the SEC on May 05 that Hays James Charles (Director) bought a total of 5,000 shares of the company’s common stock. The trade occurred on May 05 and was made at $58.90 per share for $0.29 million. Following the transaction, the insider now directly holds 0.36 million shares of the BRO stock.
Still, SEC filings show that on May 05, BROWN HUGH M (Director) acquired 487 shares at an average price of $60.92 for $29668.0. The insider now directly holds 1,287 shares of Brown & Brown Inc. (BRO).
Brown & Brown Inc. (BRO): Who are the competitors?
The company’s main competitors (and peers) include Arthur J. Gallagher & Co. (AJG) that is trading 17.39% up over the past 12 months and Willis Towers Watson Public Limited Company (WTW) that is -10.44% lower over the same period. Marsh & McLennan Companies Inc. (MMC) is -1.28% down on the 1-year trading charts.