Brown & Brown, Inc. [BRO] stock prices are up 0.87% to $85.85 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BRO shares have gain 1.95% over the last week, with a monthly amount glided 9.49%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, Brown & Brown, Inc. acquires the assets of Hillco Insurance. In a post published today on Yahoo Finance, J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Hunter Hill, the founder of Hillco Insurance (“Hillco”), today announced that Brown & Brown has acquired the assets of Hillco.
From an analyst’s perspective:
Brown & Brown, Inc. [NYSE: BRO] stock has seen the most recent analyst activity on January 09, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $78 from $85. Previously, RBC Capital Mkts upgraded its rating to Outperform on January 08, 2024, and kept the price target unchanged to $81. On January 08, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $83 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform and decreased its price target to $71 on December 15, 2023. BofA Securities initiated its recommendation with a Neutral and recommended $77 as its price target on December 12, 2023. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on August 01, 2023, and upped its price target to $76. In a note dated April 18, 2023, Citigroup upgraded an Buy rating on this stock and boosted its target price from $62 to $69.
The stock price of Brown & Brown, Inc. [BRO] has been fluctuating between $52.82 and $85.21 over the past year. Currently, Wall Street analysts expect the stock to reach $67 within the next 12 months. Brown & Brown, Inc. [NYSE: BRO] shares were valued at $85.85 at the most recent close of the market. An investor can expect a potential drop of -21.96% based on the average BRO price forecast.
Analyzing the BRO fundamentals
The Brown & Brown, Inc. [NYSE:BRO] reported sales of 4.26B for trailing twelve months, representing a surge of 13.85%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.17 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.68.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 85.12 points at the first support level, and at 84.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 86.56, and for the 2nd resistance point, it is at 87.26.
Brown & Brown, Inc. [BRO] reported earnings per share of $0.58 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.53/share, meaning a difference of $0.05 and a surprise factor of 9.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.71 per share as compared to estimates of $0.62 per share, a difference of $0.09 representing a surprise of 14.50%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 5.76, the price to book ratio is 4.38 and price to earnings (TTM) ratio is 28.12.
Transactions by insiders
Recent insider trading involved Boyd Stephen M, EVP/ Pres Wholesale Brokerage, that happened on Nov 02 ’23 when 2500.0 shares were sold. Director, Masojada Bronislaw Edmund completed a deal on Jun 21 ’23 to buy 4000.0 shares. Meanwhile, Director PROCTOR H PALMER JR sold 448.0 shares on May 01 ’23.
