Brown & Brown, Inc (NYSE: BRO) is 57.38% higher on its value in year-to-date trading and has touched a low of $69.13 and a high of $114.08 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 $112.42 in the last trading session, with the day’s loss setting it -0.51%.
Currently trading at $111.91, the stock is 4.30% and 6.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing -0.45% at the moment leaves the stock 19.95% off its SMA200. BRO registered 52.22% gain for a year compared to 6-month gain of 26.17%. The firm has a 50-day simple moving average (SMA 50) of $105.159 and a 200-day simple moving average (SMA200) of $93.2999.
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The stock witnessed a 5.72% loss in the last 1 month and extending the period to 3 months gives it a 10.59%, and is 0.99% 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 1.39% over the week and 1.76% over the month.
Brown & Brown, Inc (BRO) has around 16152 employees, a market worth around $32.00B and $4.65B in sales. Current P/E ratio is 30.48 and Fwd P/E is 27.39. Profit margin for the company is 22.35%. Distance from 52-week low is 61.88% and -1.90% from its 52-week high. The company has generated returns on investments over the last 12 months (10.38%).
The EPS is expected to grow by 33.93% this year
1108.0 institutions hold shares in Brown & Brown, Inc (BRO), with institutional investors hold 91.19% of the company’s shares. The shares outstanding are 284.60M, and float is at 236.23M with Short Float at 1.91%. Institutions hold 76.31% 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 BROWN HYATT J, the company’s Chairman. SEC filings show that BROWN HYATT J sold 134,640 shares of the company’s common stock on Aug 29 ’24 at a price of $104.51 per share for a total of $14.07 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Aug 08 ’24, Watts R. Andrew (EVP, CFO and Treasurer) disposed off 2,500 shares at an average price of $100.32 for $0.25 million. The insider now directly holds 88,445 shares of Brown & Brown, Inc (BRO).
