Brown & Brown, Inc. (NYSE: BRO) is 41.06% higher on its value in year-to-date trading and has touched a low of $66.73 and a high of $103.16 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 $98.79 in the last trading session, with the day’s gains setting it 1.52%.
Currently trading at $100.31, the stock is 3.77% and 8.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 1.54% at the moment leaves the stock 21.89% off its SMA200. BRO registered 42.81% gain for a year compared to 6-month gain of 27.09%.
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The stock witnessed a 10.32% loss in the last 1 month and extending the period to 3 months gives it a 18.28%, and is -0.49% 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 2.70% over the week and 1.87% over the month.
Brown & Brown, Inc. (BRO) has around 16152 employees, a market worth around $28.61B and $4.53B in sales. Current P/E ratio is 28.87 and Fwd P/E is 24.97. Profit margin for the company is 21.66%. Distance from 52-week low is 50.32% and -2.76% from its 52-week high. The company has generated returns on investments over the last 12 months (10.22%).
The EPS is expected to grow by 31.55% this year
The shares outstanding are 284.60M, and float is at 235.40M with Short Float at 1.72%.
Brown & Brown, Inc. (BRO) Insider Activity
Brown & Brown, Inc. disclosed in a document filed with the SEC on Jun 07 ’24 that Turpin Julie (EVP/Chief People Officer) sold a total of 3,350 shares of the company’s common stock. The trade occurred on Jun 07 ’24 and was made at $89.92 per share for $0.3 million. Following the transaction, the insider now directly holds 23597.0 shares of the BRO stock.
Still, SEC filings show that on Mar 13 ’24, BROWN HYATT J (Chairman) disposed off 91,677 shares at an average price of $85.14 for $7.8 million. The insider now directly holds 37,368,928 shares of Brown & Brown, Inc. (BRO).
