As of Wednesday close, Brown & Brown Inc.’s (NYSE:BRO) stock was down -$0.11, moving down -0.17 percent to $63.09. The average number of shares traded per day over the past five days has been 1,071,460 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.27 fall in that time frame. In the last twenty days, the average volume was 1,081,235, while in the previous 50 days, it was 1,340,790.
Since last month, BRO stock rose 0.13%. Shares of the company fell to $60.00 on 04/25/23, the lowest level in the past month. A 52-week high of $68.43 was reached on 05/19/23 after having rallying from a 52-week low of $52.82. Since the beginning of this year, BRO’s stock price has risen by 10.74% or $6.12, and marked a new high 11 times. However, the stock has declined by -7.80% since its 52-week high.
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BRO stock investors should be aware that Brown & Brown Inc. (BRO) stock had its last reported insider trading activity 24 days ago on May 01. PROCTOR H PALMER JR, the Director of the company, disposed of 448 shares for $65.68 on May 01. It resulted in a $29,425 divestment by the insider. PROCTOR H PALMER JR sold 1 shares at an average price of $65.66 on May 01. The insider now owns 41,098 shares following the transaction. On Mar 15, Director Hays James Charles bought 5,000 shares at $53.50 apiece. The transaction was valued at $267,500.
Valuation Metrics
Right now, Brown & Brown Inc. (BRO) has a P/E ratio of about 26.07. The stock’s beta is 0.75. Besides these, the trailing price-to-sales (P/S) ratio of 4.72, the price-to-book (PB) ratio of 3.63, and the price-to-cash flow ratio of 27.08 may also be considered.
The latest dividend of $0.1150 per share was paid out, remained unchanged from last year’s $0.1150. On Tuesday October 18 2022, a $0.0130 dividend increase was announced.
Financial Health
In the three months ended March 30, Brown & Brown Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.76, and the total debt-to-equity ratio was 0.81. In the year ended March 30, operating margins totaled 28.10%.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.50%. Return on equity (ROE) for the past 12 months was 15.00%.
In Brown & Brown Inc.’s quarter-end financial report for March 30, it reported total debt of $3.68 billion. BRO’s revenue rose 18.93% to $901.4 million during the quarter, while net income inched up to $1.12 billion. While analysts expected Brown & Brown Inc. to report $0.82 quarterly earnings, the actual figure was $0.84 per share, beating the consensus estimate by 2.40%. The value of shareholders’ equity is $283.64 million.
Technical Picture
This quick technical analysis looks at Brown & Brown Inc.’s (BRO) price momentum. With a historical volatility rate of 21.44%, the RSI 9-day stood at 34.63% on 24 May.
With respect to its five-day moving average, the current Brown & Brown Inc. price is down by -3.47% percent or -$2.27. At present, BRO shares trade +0.43% above its 20-day simple moving average and +9.44% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.63% above its SMA50 and -3.35% below its SMA200.
Stochastic coefficient K was 25.50% and Stochastic coefficient D was 50.54%, while ATR was 1.15. Given the Stochastic reading of 14.51% for the 14-day period, the RSI (14) reading has been calculated as 45.62%. As of today, the MACD Oscillator reading stands at -1.25, while the 14-day reading stands at -1.37.
Analyst Ratings
Brown & Brown Inc. (BRO) has been rated Overweight by analysts. According to 0 brokerage firms, BRO is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Brown & Brown Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $70.50, the current consensus forecast for the stock is $62.00 – $73.00. Based on these forecasts, analysts predict Brown & Brown Inc. (BRO) will achieve an average price target of $69.20.