Brown & Brown, Inc (NYSE: BRO) has a higher price-to-earnings ratio of 28.03x compared to its average ratio, The 36-month beta value for BRO is at 0.84. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 5 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for BRO is 236.65M, and currently, shorts hold a 1.65% of that float. The average trading volume for BRO on December 11, 2024 was 1.51M shares.
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BRO) stock’s latest price update
Brown & Brown, Inc (NYSE: BRO) has seen a decline in its stock price by -2.60 in relation to its previous close of 105.68. However, the company has experienced a -7.59% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-10 that DAYTONA BEACH, Fla., Dec. 10, 2024 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and David Dybdahl and Cynthia Statz, owners of American Risk Management Resources Network, LLC (“ARMR”), today announced that a Bridge Specialty Group company and subsidiary of Brown & Brown, Inc. has acquired the assets of ARMR.
BRO’s Market Performance
BRO’s stock has fallen by -7.59% in the past week, with a monthly drop of -8.45% and a quarterly rise of 2.21%. The volatility ratio for the week is 2.13% 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 -6.83% for BRO’s stock, with a 7.28% simple moving average for the past 200 days.
Analysts’ Opinion of BRO
Many brokerage firms have already submitted their reports for BRO stocks, with Morgan Stanley repeating the rating for BRO by listing it as a “Overweight.” The predicted price for BRO in the upcoming period, according to Morgan Stanley is $134 based on the research report published on December 05, 2024 of the current year 2024.
Argus, on the other hand, stated in their research note that they expect to see BRO reach a price target of $120. The rating they have provided for BRO stocks is “Buy” according to the report published on September 24th, 2024.
Barclays gave a rating of “Equal Weight” to BRO, setting the target price at $108 in the report published on September 05th of the current year.
BRO Trading at -4.54% 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 -9.83% of loss for the given period.
Volatility was left at 1.66%, however, over the last 30 days, the volatility rate increased by 2.13%, as shares sank -7.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.65% lower at present.
During the last 5 trading sessions, BRO fell by -7.59%, which changed the moving average for the period of 200-days by +22.46% in comparison to the 20-day moving average, which settled at $110.47. In addition, Brown & Brown, Inc saw 44.75% 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 ORMOND RIVERSIDE, L P, who proposed sale 29,921 shares at the price of $111.75 back on Nov 26 ’24. After this action, ORMOND RIVERSIDE, L P now owns shares of Brown & Brown, Inc, valued at $3,343,690 using the latest closing price.
BROWN HYATT J, the Chairman of Brown & Brown, Inc, sale 389,007 shares at $111.75 during a trade that took place back on Nov 25 ’24, which means that BROWN HYATT J is holding 36,029,921 shares at $43,471,532 based on the most recent closing price.
Stock Fundamentals for BRO
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.8 for the gross margin
The net margin for Brown & Brown, Inc stands at 0.23. The total capital return value is set at 0.13. Equity return is now at value 17.81, with 6.59 for asset returns.
Based on Brown & Brown, Inc (BRO), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 6.98.
Currently, EBITDA for the company is 1.47 billion with net debt to EBITDA at 1.77. When we switch over and look at the enterprise to sales, we see a ratio of 6.94. The receivables turnover for the company is 1.19for trailing twelve months and the total asset turnover is 0.27.
Conclusion
In conclusion, Brown & Brown, Inc (BRO) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
