Brown & Brown, Inc. (BRO) concluded trading on Thursday at a closing price of $101.45, with 3.37 million shares of worth about $342.11 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.01% during that period and on September 19, 2024 the price saw a loss of about -1.03%. Currently the company’s common shares owned by public are about 284.60M shares, out of which, 235.54M shares are available for trading.
Stock saw a price change of -0.70% in past 5 days and over the past one month there was a price change of -1.40%. Year-to-date (YTD), BRO shares are showing a performance of 42.67% which increased to 37.41% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $66.73 but also hit the highest price of $106.02 during that period. The average intraday trading volume for Brown & Brown, Inc. shares is 1.19 million. The stock is currently trading -1.98% below its 20-day simple moving average (SMA20), while that difference is up 1.36% for SMA50 and it goes to 16.84% higher than SMA200.
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Brown & Brown, Inc. (NYSE: BRO) currently have 284.60M outstanding shares and institutions hold larger chunk of about 74.61% of that.
The stock has a current market capitalization of $28.94B and its 3Y-monthly beta is at 0.83. PE ratio of stock for trailing 12 months is 29.20, while it has posted earnings per share of $3.47 in the same period. Its PEG reads 2.50 while making debt-to-equity ratio of 0.72. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BRO, volatility over the week remained 1.45% while standing at 1.52% over the month.
Stock’s fiscal year EPS is expected to rise by 32.32% while it is estimated to increase by 8.51% in next year. EPS is likely to shrink at an annualized rate of 11.70% for next 5-years, compared to annual growth of 20.15% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on September 05, 2024 offering an Equal weight rating for the stock and assigned a target price of $108 to it. Coverage by Wells Fargo stated Brown & Brown, Inc. (BRO) stock as an Overweight in their note to investors on August 12, 2024, suggesting a price target of $112 for the stock. On May 22, 2024, BofA Securities Upgrade their recommendations, while on March 13, 2024, BofA Securities Downgrade their ratings for the stock with a price target of $86. Stock get a Hold rating from Jefferies on January 09, 2024.
