As of Wednesday close, Brown & Brown Inc.’s (NYSE:BRO) stock was up $1.74, moving up 2.46 percent to $72.33. The average number of shares traded per day over the past five days has been 868,620 shares. 3 times new highs have been achieved over the past 5 days, with a $1.69 gain in that time frame. In the last twenty days, the average volume was 1,089,885, while in the previous 50 days, it was 1,156,842.
Since last month, BRO stock rose 3.73%. Shares of the company fell to $68.97 on 07/17/23, the lowest level in the past month. A 52-week high of $72.99 was reached on 07/25/23 after having rallying from a 52-week low of $52.82. Since the beginning of this year, BRO’s stock price has risen by 26.96% or $15.36, and marked a new high 21 times. However, the stock has declined by -0.90% since its 52-week high.
BRO stock investors should be aware that Brown & Brown Inc. (BRO) stock had its last reported insider trading activity 57 days ago on Jun 21. Masojada Bronislaw Edmund, the Director of the company, purchased of 4,000 shares for $65.78 on Jun 21. It resulted in a $263,120 investment by the insider. PROCTOR H PALMER JR sold 448 shares at an average price of $65.68 on May 01. The insider now owns 0 shares following the transaction. On May 01, Director PROCTOR H PALMER JR sold 1 shares at $65.66 apiece. The transaction was valued at $66.
Valuation Metrics
Right now, Brown & Brown Inc. (BRO) has a P/E ratio of about 28.07. The stock’s beta is 0.76. Besides these, the trailing price-to-sales (P/S) ratio of 5.11, the price-to-book (PB) ratio of 3.99, and the price-to-cash flow ratio of 23.62 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 June 29, Brown & Brown Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, 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 June 29 was 0.74, and the total debt-to-equity ratio was 0.75. In the year ended June 29, operating margins totaled 28.40%.
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 15.30%.
In Brown & Brown Inc.’s quarter-end financial report for June 29, it reported total debt of $3.76 billion. BRO’s revenue rose 19.82% to $1.12 billion during the quarter, while net income inched up to $1.05 billion. While analysts expected Brown & Brown Inc. to report $0.59 quarterly earnings, the actual figure was $0.68 per share, beating the consensus estimate by 15.30%. The value of shareholders’ equity is $283.61 million.
Technical Picture
This quick technical analysis looks at Brown & Brown Inc.’s (BRO) price momentum. With a historical volatility rate of 18.47%, the RSI 9-day stood at 65.27% on 16 August.
With respect to its five-day moving average, the current Brown & Brown Inc. price is up by +2.39% percent or $1.69. At present, BRO shares trade +3.88% above its 20-day simple moving average and +31.37% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.58% above its SMA50 and +27.57% above its SMA200.
Stochastic coefficient K was 62.13% and Stochastic coefficient D was 46.12%, while ATR was 1.10. Given the Stochastic reading of 94.20% for the 14-day period, the RSI (14) reading has been calculated as 63.38%. As of today, the MACD Oscillator reading stands at 0.57, while the 14-day reading stands at 0.69.
Analyst Ratings
Brown & Brown Inc. downgraded its rating on Brown & Brown Inc. (NYSE: BRO) to a Mkt perform in a note to investors on August 01, 2023. The analysts firm previously had an Outperform rating on the stock.Brown & Brown Inc. (BRO) has been rated Overweight by analysts. According to 0 brokerage firms, BRO is a sell, and 8 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 4 recommending it as overweight.
With a median target price of $78.50, the current consensus forecast for the stock is $70.00 – $85.00. Based on these forecasts, analysts predict Brown & Brown Inc. (BRO) will achieve an average price target of $78.10.
