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New Big Money Means Brown & Brown Inc. (BRO) Investors Could Reap Benefit

Brown & Brown Inc. (NYSE: BRO) is 10.74% higher on its value in year-to-date trading and has touched a low of $52.82 and a high of $68.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BRO stock was last observed hovering at around $63.20 in the last trading session, with the day’s loss setting it -0.11%.

Currently trading at $63.09, the stock is -3.15% and 4.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -0.17% at the moment leaves the stock 5.20% off its SMA200. BRO registered 12.72% gain for a year compared to 6-month gain of 8.78%. The firm has a 50-day simple moving average (SMA 50) of $5.67 and a 200-day simple moving average (SMA200) of $16.75.

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The stock witnessed a 0.13% loss in the last 1 month and extending the period to 3 months gives it a 11.74%, and is -3.47% 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 2.03% over the week and 1.69% over the month.

Brown & Brown Inc. (BRO) has around 15201 employees, a market worth around $17.87B and $3.78B in sales. Current P/E ratio is 26.07 and Fwd P/E is 22.71. Profit margin for the company is 17.80%. Distance from 52-week low is 19.44% and -7.80% from its 52-week high. The company has generated returns on investments over the last 12 months (9.50%).

Brown & Brown Inc. (BRO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Brown & Brown Inc. (BRO) is a “Overweight”. 13 analysts offering their recommendations for the stock have an average rating of 2.40, where 7 rate it as a Hold and 1 think it is a “Overweight”. 5 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 07/24/2023.The EPS is expected to grow by 14.30% this year

Brown & Brown Inc. (BRO) Top Institutional Holders

The shares outstanding are 278.60M, and float is at 235.82M with Short Float at 1.27%.

Brown & Brown Inc. (BRO) Insider Activity

A total of 51 insider transactions have happened at Brown & Brown Inc. (BRO) in the last six months, with sales accounting for 19 and purchases happening 32 times. The most recent transaction is an insider sale by PROCTOR H PALMER JR, the company’s Director. SEC filings show that PROCTOR H PALMER JR sold 448 shares of the company’s common stock on May 01 at a price of $65.68 per share for a total of $29425.0. Following the sale, the insider now owns 0.0 shares.

Brown & Brown Inc. disclosed in a document filed with the SEC on May 01 that PROCTOR H PALMER JR (Director) sold a total of 1 shares of the company’s common stock. The trade occurred on May 01 and was made at $65.66 per share for $66.0. Following the transaction, the insider now directly holds 41098.0 shares of the BRO stock.

Still, SEC filings show that on Mar 15, Hays James Charles (Director) acquired 5,000 shares at an average price of $53.50 for $0.27 million. The insider now directly holds 365,063 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 29.36% up over the past 12 months and Willis Towers Watson Public Limited Company (WTW) that is 8.13% higher over the same period. Marsh & McLennan Companies Inc. (MMC) is 13.61% up on the 1-year trading charts.

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