Brown & Brown, Inc. [BRO] stock is trading at $85.61, up 0.94%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BRO shares have gain 3.33% over the last week, with a monthly amount glided 2.40%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Brown & Brown, Inc. [NYSE: BRO] stock has seen the most recent analyst activity on March 13, 2024, when BofA Securities downgraded its rating to a Underperform and also boosted its price target to $86 from $80. Previously, Jefferies downgraded its rating to Hold on January 09, 2024, and dropped its price target to $78. On January 08, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $81 on the stock. Goldman upgraded its rating to a Buy and decreased its price target to $83 on January 08, 2024. Keefe Bruyette downgraded its rating to a Mkt Perform and reduced its price target to $71 on December 15, 2023. BofA Securities started tracking with a Neutral rating for this stock on December 12, 2023, and assigned it a price target of $77. In a note dated August 01, 2023, Keefe Bruyette downgraded an Mkt Perform rating on this stock and boosted its target price from $73 to $76.
Brown & Brown, Inc. [BRO] stock has fluctuated between $61.71 and $87.99 over the past year. Currently, Wall Street analysts expect the stock to reach $77.83 within the next 12 months. Brown & Brown, Inc. [NYSE: BRO] shares were valued at $85.61 at the most recent close of the market. An investor can expect a potential drop of -9.09% based on the average BRO price forecast.
Analyzing the BRO fundamentals
Brown & Brown, Inc. [NYSE:BRO] reported sales of 4.40B for the trailing twelve months, which represents a growth of 12.72%. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.17 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
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 84.85 points at the first support level, and at 84.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 86.05, and for the 2nd resistance point, it is at 86.49.
Brown & Brown, Inc. [BRO] reported earnings per share of $1.14 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.05/share, meaning a difference of $0.09 and a surprise factor of 8.60%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.58 per share as compared to estimates of $0.53 per share, a difference of $0.05 representing a surprise of 9.40%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 5.55, the price to book ratio is 4.22 and price to earnings (TTM) ratio is 26.38.
Transactions by insiders
Recent insider trading involved BROWN HYATT J, Chairman, that happened on Mar 13 ’24 when 91677.0 shares were sold. Chairman, BROWN HYATT J completed a deal on Mar 12 ’24 to sell 0.14 million shares. Meanwhile, EVP/ Pres Wholesale Brokerage Boyd Stephen M sold 2500.0 shares on Nov 02 ’23.
