What Brown & Brown Inc. (BRO) Insiders Are Up To

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Brown & Brown Inc. (NYSE:BRO) finished Friday with a subtraction of -$0.68 to close at $56.97, a downside of -1.18 percent. An average of 724,520 shares of common stock have been traded in the last five days. There was a gain of $0.32 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,016,930 shares traded, while the 50-day average volume stands at 1,308,436.

BRO stock has decreased by -4.40% in the last month. The company shares reached their 1-month lowest point of $55.01 on 12/16/22. With the stock rallying to its 52-week high on 03/31/22, shares of the company touched a low of $52.91 and a high of $74.00 in 52 weeks. It has reached a new high 4 times so far this year and lost -18.94% or -$13.31 in price. In spite of this, the price is down -23.01% from the 52-week high.

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Valuation Metrics

Brown & Brown Inc. (BRO) has a trailing price-to-earnings (P/E) ratio of 25.74. The stock’s beta is 0.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.71, the price-to-book (PB) ratio at 3.67, and the price-to-cash flow ratio at 21.24.

The company has a payout ratio of 18.40%. The company’s most recent quarterly dividend payment was $0.1150 a share, representing a up of 12.75% from $0.1020 last year. Its latest increase dividend $0.0130 reported on Tuesday October 18 2022.

Financial Health

The quick ratio of Brown & Brown Inc. for the three months ended September 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.94 and a total debt to equity ratio of 0.95 for the quarter ending September 29.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Brown & Brown Inc.’s return on assets was 5.20%.

Earnings Surprise

For the three-month period that ended September 29, Brown & Brown Inc. had $4.04 billion in total debt. The company posted a net income of $161.1 million in the quarter, while revenues of $145.2 million were grew 9.16%. The analyst consensus anticipated Brown & Brown Inc.’s latest quarter earnings to come in at $0.61 per share, but it turned out to be $0.5, a -18.00% surprise. At the end of the quarter ending September 29, Brown & Brown Inc.’s stock balance sheet showed total debt was $4.35 billion. Shareholders own equity worth $283.22 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Brown & Brown Inc. (BRO) price momentum. RSI 9-day as of the close on 30 December was 48.68%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.71%.

As of today, BRO’s price is $57.10 +0.56% or $0.32 from its 5-day moving average. BRO is currently trading -3.31% lower than its 20-day SMA and -13.05% lower than its 100-day SMA. However, the stock’s current price level is -9.43% below the SMA50 and -14.82% below the SMA200.

The stochastic %K and %D were 43.05% and 43.21%, respectively, and the average true range (ATR) was 1.26. With the 14-day stochastic at 41.09% and the average true range at 1.33, the RSI (14) stands at 48.07%. The stock has reached 0.39 on the 9-day MACD Oscillator while the 14-day reading was at 0.12.

Analyst Ratings

Citigroup launched coverage on Brown & Brown Inc. (NYSE: BRO) in its analyst report released on December 15, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Brown & Brown Inc. (BRO) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BRO, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.

What is BRO’s price target for the next 12 months?

Analysts predict a range of price targets between $60.00 and $72.00, with a median target of $64.00. Taking a look at these predictions, the average price target given by analysts for Brown & Brown Inc. (BRO) stock is $65.22.

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