Brown & Brown, Inc. (NYSE: BRO) is 45.49% higher on its value in year-to-date trading and has touched a low of $66.73 and a high of $103.18 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 $102.89 in the last trading session, with the day’s gains setting it 0.57%.
Currently trading at $103.46, the stock is 3.43% and 8.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.64 million and changing 0.55% at the moment leaves the stock 23.51% off its SMA200. BRO registered 44.42% gain for a year compared to 6-month gain of 24.89%.
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The stock witnessed a 5.52% loss in the last 1 month and extending the period to 3 months gives it a 15.15%, and is 2.13% 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 1.10% over the week and 1.67% over the month.
Brown & Brown, Inc. (BRO) has around 16152 employees, a market worth around $29.51B and $4.53B in sales. Current P/E ratio is 29.78 and Fwd P/E is 25.68. Profit margin for the company is 21.66%. Distance from 52-week low is 55.04% and 0.27% from its 52-week high. The company has generated returns on investments over the last 12 months (10.22%).
Brown & Brown, Inc. quarterly earnings per share for the current quarter are estimated at 0.87 with sales reaching $1.16B over the same period.The EPS is expected to grow by 31.82% this year, but quarterly earnings will post 10.50% year-over-year. Quarterly sales are estimated to grow 12.40% in year-over-year returns.
1067.0 institutions hold shares in Brown & Brown, Inc. (BRO), with institutional investors hold 90.20% of the company’s shares. The shares outstanding are 284.60M, and float is at 235.15M with Short Float at 1.27%. Institutions hold 75.44% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 28.7 million shares valued at $2.57 billion. The investor’s holdings represent 10.2119 of the BRO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.67 million shares valued at $1.49 billion to account for 5.933 of the shares outstanding. The other top investors are SELECT EQUITY GROUP, L.P. which holds 13.13 million shares representing 4.6739 and valued at over $1.17 billion, while PRINCIPAL FINANCIAL GROUP INC holds 4.5569 of the shares totaling 12.8 million with a market value of $1.14 billion.
Brown & Brown, Inc. (BRO) Insider Activity
The most recent transaction is an insider sale by Watts R. Andrew, the company’s EVP, CFO and Treasurer. SEC filings show that Watts R. Andrew sold 2,500 shares of the company’s common stock on Aug 08 ’24 at a price of $100.32 per share for a total of $0.25 million. Following the sale, the insider now owns 88445.0 shares.
Still, SEC filings show that on Jun 07 ’24, Turpin Julie (EVP/Chief People Officer) disposed off 3,350 shares at an average price of $89.92 for $0.3 million. The insider now directly holds 23,597 shares of Brown & Brown, Inc. (BRO).
