Brown & Brown Inc. (NYSE:BRO) finished Friday with an addition of $0.34 to close at $70.78, an upside of 0.48 percent. An average of 807,120 shares of common stock have been traded in the last five days. There was a gain of $0.78 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 1,096,445 shares traded, while the 50-day average volume stands at 1,147,452.
BRO stock has increased by 3.28% in the last month. The company shares reached their 1-month lowest point of $68.06 on 07/13/23. With the stock rallying to its 52-week high on 07/25/23, shares of the company touched a low of $52.82 and a high of $72.99 in 52 weeks. It has reached a new high 21 times so far this year and achieved 24.24% or $13.81 in price. In spite of this, the price is down -3.03% from the 52-week high.
Insider Transactions
BRO stock investors should be aware that Brown & Brown Inc. (BRO) stock had its last reported insider trading activity 103 days ago on Jun 21. In this transaction, the insider spent $29,425. Director, PROCTOR H PALMER JR, disposed of 1 shares at a price of $65.66 on May 01. The insider now owns more than $66 worth of shares.
Valuation Metrics
Brown & Brown Inc. (BRO) has a trailing price-to-earnings (P/E) ratio of 27.47. The stock’s beta is 0.76. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.07, the price-to-book (PB) ratio at 3.90, and the price-to-cash flow ratio at 27.46.
The company has a payout ratio of 17.30%. The company’s most recent quarterly dividend payment was $0.1150 a share, without any change from 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 June 29 was 1.20, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.74 and a total debt to equity ratio of 0.75 for the quarter ending June 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 June 29, Brown & Brown Inc. had $3.76 billion in total debt. The company posted a net income of $190.4 million in the quarter, while revenues of $235.5 million were grew 23.74%. The analyst consensus anticipated Brown & Brown Inc.’s latest quarter earnings to come in at $0.59 per share, but it turned out to be $0.68, a 15.30% surprise. At the end of the quarter ending June 29, Brown & Brown Inc.’s stock balance sheet showed total debt was $4.05 billion. Shareholders own equity worth $283.61 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 11 August was 55.15%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.15%.
As of today, BRO’s price is $70.65 +1.11% or $0.78 from its 5-day moving average. BRO is currently trading +3.00% higher than its 20-day SMA and +30.23% higher than its 100-day SMA. However, the stock’s current price level is +13.56% above the SMA50 and +12.21% above the SMA200.
The stochastic %K and %D were 27.30% and 27.13%, respectively, and the average true range (ATR) was 1.05. With the 14-day stochastic at 32.21% and the average true range at 1.06, the RSI (14) stands at 57.00%. The stock has reached 0.11 on the 9-day MACD Oscillator while the 14-day reading was at -0.12.
Analyst Ratings
Keefe Bruyette downgraded Brown & Brown Inc. (NYSE: BRO) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. 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 4 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 $70.00 and $85.00, with a median target of $78.50. Taking a look at these predictions, the average price target given by analysts for Brown & Brown Inc. (BRO) stock is $78.10.
