Brown & Brown, Inc. (NYSE: BRO) has a higher price-to-earnings ratio of 30.23x compared to its average ratio. BRO has 36-month beta value of 0.83. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 2 as “sell.”
The public float for BRO is 235.54M, and currently, short sellers hold a 1.47% ratio of that float. The average trading volume of BRO on October 02, 2024 was 1.32M shares.
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BRO) stock’s latest price update
The stock price of Brown & Brown, Inc. (NYSE: BRO) has jumped by 1.36 compared to previous close of 103.60. Despite this, the company has seen a gain of 1.60% in its stock price over the last five trading days. globenewswire.com reported 2024-09-30 that DAYTONA BEACH, Fla., Sept. 30, 2024 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2024 third-quarter earnings on Monday, October 28, 2024, after the close of the market. On Tuesday, October 29, 2024, J. Powell Brown, Brown & Brown’s president and chief executive officer, and R. Andrew Watts, Brown & Brown’s executive vice president and chief financial officer, will host an investor update conference call concerning Brown & Brown’s third-quarter 2024 financial results. You are invited to listen to the call, which will be broadcast live on Brown & Brown’s website at 8:00 a.m. EDT. Simply log on to www.bbinsurance.com and click on “Investor Relations” and then “Calendar of Events.”
BRO’s Market Performance
BRO’s stock has risen by 1.60% in the past week, with a monthly drop of -0.11% and a quarterly rise of 17.13%. The volatility ratio for the week is 1.42% while the volatility levels for the last 30 days are 1.66% for Brown & Brown, Inc. The simple moving average for the past 20 days is 1.82% for BRO’s stock, with a 19.39% simple moving average for the past 200 days.
Analysts’ Opinion of BRO
Many brokerage firms have already submitted their reports for BRO stocks, with Argus repeating the rating for BRO by listing it as a “Buy.” The predicted price for BRO in the upcoming period, according to Argus is $120 based on the research report published on September 24, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see BRO reach a price target of $108. The rating they have provided for BRO stocks is “Equal Weight” according to the report published on September 05th, 2024.
Wells Fargo gave a rating of “Overweight” to BRO, setting the target price at $112 in the report published on August 12th of the current year.
BRO Trading at 3.31% 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 -0.95% of loss for the given period.
Volatility was left at 1.66%, however, over the last 30 days, the volatility rate increased by 1.42%, as shares surge +0.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.72% upper at present.
During the last 5 trading sessions, BRO rose by +1.60%, which changed the moving average for the period of 200-days by +38.59% in comparison to the 20-day moving average, which settled at $103.14. In addition, Brown & Brown, Inc. saw 47.67% 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 BROWN HYATT J, who sale 134,640 shares at the price of $104.51 back on Aug 29 ’24. After this action, BROWN HYATT J now owns 0 shares of Brown & Brown, Inc., valued at $14,071,226 using the latest closing price.
HYATT BROWN, the Director of Brown & Brown, Inc., proposed sale 134,640 shares at $104.51 during a trade that took place back on Aug 29 ’24, which means that HYATT BROWN is holding shares at $14,070,766 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
- 0.85 for the gross margin
The net margin for Brown & Brown, Inc. stands at 0.22. The total capital return value is set at 0.12. Equity return is now at value 17.68, with 6.54 for asset returns.
Based on Brown & Brown, Inc. (BRO), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is 6.49.
Currently, EBITDA for the company is 1.42 billion with net debt to EBITDA at 0.87. When we switch over and look at the enterprise to sales, we see a ratio of 6.91. The receivables turnover for the company is 1.97for trailing twelve months and the total asset turnover is 0.28.
Conclusion
To put it simply, Brown & Brown, Inc. (BRO) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
