The stock of Brown & Brown, Inc. (BRO) has seen a 0.62% increase in the past week, with a 2.53% gain in the past month, and a 6.61% flourish in the past quarter. The volatility ratio for the week is 1.44%, and the volatility levels for the past 30 days are at 1.50% for BRO. The simple moving average for the last 20 days is 0.50% for BRO’s stock, with a simple moving average of 15.02% for the last 200 days.
Is It Worth Investing in Brown & Brown, Inc. (NYSE: BRO) Right Now?
The price-to-earnings ratio for Brown & Brown, Inc. (NYSE: BRO) is above average at 28.08x, Company’s 36-month beta value is 0.82.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 2 as “sell.”
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The public float for BRO is 235.39M, and currently, short sellers hold a 1.58% ratio of that floaft. The average trading volume of BRO on July 04, 2024 was 1.23M shares.
BRO) stock’s latest price update
Brown & Brown, Inc. (NYSE: BRO)’s stock price has gone rise by 1.66 in comparison to its previous close of 89.65, however, the company has experienced a 0.62% increase in its stock price over the last five trading days. investorplace.com reported 2024-07-03 that Investors always praise compounder-type stocks, which are known for their proven ability to exponentially grow wealth over time. These companies usually achieve a high return on capital invested (ROCE) and return on equity (ROE).
Analysts’ Opinion of BRO
Many brokerage firms have already submitted their reports for BRO stocks, with BofA Securities repeating the rating for BRO by listing it as a “Neutral.” The predicted price for BRO in the upcoming period, according to BofA Securities is $101 based on the research report published on May 22, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see BRO reach a price target of $86, previously predicting the price at $80. The rating they have provided for BRO stocks is “Underperform” according to the report published on March 13th, 2024.
Jefferies gave a rating of “Hold” to BRO, setting the target price at $78 in the report published on January 09th of the current year.
BRO Trading at 3.63% from the 50-Day Moving Average
After a stumble in the market that brought BRO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.78% of loss for the given period.
Volatility was left at 1.50%, however, over the last 30 days, the volatility rate increased by 1.44%, as shares surge +0.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.14% upper at present.
During the last 5 trading sessions, BRO fell by -0.60%, which changed the moving average for the period of 200-days by +23.97% in comparison to the 20-day moving average, which settled at $90.69. In addition, Brown & Brown, Inc. saw 28.17% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BRO starting from Turpin Julie, who sale 3,350 shares at the price of $89.92 back on Jun 07 ’24. After this action, Turpin Julie now owns 23,597 shares of Brown & Brown, Inc., valued at $301,232 using the latest closing price.
BROWN HYATT J, the Chairman of Brown & Brown, Inc., sale 91,677 shares at $85.14 during a trade that took place back on Mar 13 ’24, which means that BROWN HYATT J is holding 37,368,928 shares at $7,804,964 based on the most recent closing price.
Stock Fundamentals for BRO
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.73 for the gross margin
The net margin for Brown & Brown, Inc. stands at 0.21. The total capital return value is set at 0.12. Equity return is now at value 17.22, with 6.49 for asset returns.
Based on Brown & Brown, Inc. (BRO), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 6.26.
Currently, EBITDA for the company is 1.42 billion with net debt to EBITDA at 1.27. When we switch over and look at the enterprise to sales, we see a ratio of 6.27. The receivables turnover for the company is 2.07for trailing twelve months and the total asset turnover is 0.3.
Conclusion
In a nutshell, Brown & Brown, Inc. (BRO) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
