Brown & Brown, Inc. (NYSE: BRO) is 21.00% higher on its value in year-to-date trading and has touched a low of $54.24 and a high of $87.00 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 $86.70 in the last trading session, with the day’s loss setting it -0.66%.
Currently trading at $86.04, the stock is 1.41% and 6.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -0.76% at the moment leaves the stock 17.65% off its SMA200. BRO registered 54.22% gain for a year compared to 6-month gain of 16.52%. The firm has a 50-day simple moving average (SMA 50) of $6.64 and a 200-day simple moving average (SMA200) of $18.00.
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The stock witnessed a 3.86% loss in the last 1 month and extending the period to 3 months gives it a 21.30%, and is 1.24% 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 1.37% over the week and 1.26% over the month.
Brown & Brown, Inc. (BRO) has around 16152 employees, a market worth around $24.59B and $4.26B in sales. Current P/E ratio is 28.18 and Fwd P/E is 22.67. Profit margin for the company is 20.14%. Distance from 52-week low is 58.63% and -1.10% from its 52-week high. The company has generated returns on investments over the last 12 months (9.54%).
Brown & Brown, Inc. quarterly earnings per share for the current quarter are estimated at $1.05 with sales reaching $1.22B over the same period.The EPS is expected to grow by 24.19% 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.
965 institutions hold shares in Brown & Brown, Inc. (BRO), with institutional investors hold 88.26% of the company’s shares. The shares outstanding are 284.60M, and float is at 234.95M with Short Float at 0.93%. Institutions hold 73.77% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 28.15 million shares valued at $2.42 billion. The investor’s holdings represent 9.85% of the BRO Shares outstanding. As of Dec 30, 2023, the second largest holder is Blackrock Inc. with 16.35 million shares valued at $1.41 billion to account for 5.72% of the shares outstanding. The other top investors are Select Equity Group, Inc. which holds 14.31 million shares representing 5.01% and valued at over $1.23 billion, while Principal Financial Group, Inc. holds 4.31% of the shares totaling 12.33 million with a market value of $1.06 billion.
Brown & Brown, Inc. (BRO) Insider Activity
The most recent transaction is an insider sale by BROWN HYATT J, the company’s Chairman. SEC filings show that BROWN HYATT J sold 91,677 shares of the company’s common stock on Mar 13 ’24 at a price of $85.14 per share for a total of $7.8 million. Following the sale, the insider now owns 37.37 million shares.
Brown & Brown, Inc. disclosed in a document filed with the SEC on Mar 12 ’24 that BROWN HYATT J (Chairman) sold a total of 144,323 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $85.96 per share for $12.41 million. Following the transaction, the insider now directly holds 37.46 million shares of the BRO stock.
Still, SEC filings show that on Nov 02 ’23, Boyd Stephen M (EVP/ Pres Wholesale Brokerage) disposed off 2,500 shares at an average price of $70.64 for $0.18 million. The insider now directly holds 64,471 shares of Brown & Brown, Inc. (BRO).
