Brown & Brown, Inc. (BRO) – Don’t Believe the Hype: Check The Facts

Brown & Brown, Inc. (NYSE: BRO) is 12.43% higher on its value in year-to-date trading and has touched a low of $52.82 and a high of $79.99 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 $78.93 in the last trading session, with the day’s gains setting it 1.02%.

Currently trading at $79.95, the stock is 4.68% and 8.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing 1.29% at the moment leaves the stock 13.71% off its SMA200. BRO registered 33.32% gain for a year compared to 6-month gain of 13.18%. The firm has a 50-day simple moving average (SMA 50) of $6.19 and a 200-day simple moving average (SMA200) of $16.87.

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The stock witnessed a 11.24% loss in the last 1 month and extending the period to 3 months gives it a 12.38%, and is 2.78% up 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 1.32% over the week and 1.65% over the month.

Brown & Brown, Inc. (BRO) has around 15201 employees, a market worth around $22.75B and $4.26B in sales. Current P/E ratio is 26.18 and Fwd P/E is 21.52. Profit margin for the company is 20.22%. Distance from 52-week low is 51.36% and -0.05% from its 52-week high. The company has generated returns on investments over the last 12 months (9.58%).

Brown & Brown, Inc. quarterly earnings per share for the current quarter are estimated at $1.03 with sales reaching $1.22B over the same period.The EPS is expected to grow by 21.40% this year, but quarterly earnings will post 8.00% year-over-year. Quarterly sales are estimated to grow 14.50% in year-over-year returns.

930 institutions hold shares in Brown & Brown, Inc. (BRO), with institutional investors hold 88.10% of the company’s shares. The shares outstanding are 284.60M, and float is at 237.72M with Short Float at 0.90%. Institutions hold 73.60% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 27.85 million shares valued at $1.92 billion. The investor’s holdings represent 9.82% of the BRO Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 16.53 million shares valued at $1.14 billion to account for 5.83% of the shares outstanding. The other top investors are Select Equity Group, Inc. which holds 15.71 million shares representing 5.54% and valued at over $1.08 billion, while Principal Financial Group, Inc. holds 4.24% of the shares totaling 12.03 million with a market value of $827.8 million.

Brown & Brown, Inc. (BRO) Insider Activity

A total of 4 insider transactions have happened at Brown & Brown, Inc. (BRO) in the last six months, with sales accounting for 4 and purchases happening 0 times. The most recent transaction is an insider sale by Boyd Stephen M, the company’s EVP/ Pres Wholesale Brokerage. SEC filings show that Boyd Stephen M sold 2,500 shares of the company’s common stock on Nov 02 at a price of $70.64 per share for a total of $0.18 million. Following the sale, the insider now owns 64471.0 shares.

Brown & Brown, Inc. disclosed in a document filed with the SEC on Jun 21 that Masojada Bronislaw Edmund (Director) bought a total of 4,000 shares of the company’s common stock. The trade occurred on Jun 21 and was made at $65.78 per share for $0.26 million. Following the transaction, the insider now directly holds 4000.0 shares of the BRO stock.

Still, SEC filings show that on May 01, PROCTOR H PALMER JR (Director) disposed off 448 shares at an average price of $65.68 for $29425.0. The insider now directly holds 0 shares of Brown & Brown, Inc. (BRO).

Brown & Brown, Inc. (BRO): Who are the competitors?

One of the company’s main competitors (and peers) include Arthur J. Gallagher & Co. (AJG) that is trading 21.52% up over the past 12 months.Willis Towers Watson PLC (WTW) lies in the list of competitors of the Brown & Brown, Inc. and is 10.38% higher over the same period from BROMarsh & McLennan Cos. (MMC) is 14.39% up on the 1-year trading charts.