Brown & Brown, Inc. (NYSE:BRO) shares, rose in value, with the stock price up by 1.04% to the previous day’s close as strong demand from buyers drove the stock to $104.75.
Actively observing the price movement in the last trading, the stock closed the session at $103.67, falling within a range of $104.05 and $105.1. The value of beta (5-year monthly) was 0.827 whereas the PE ratio was 30.15 over 12-month period. Referring to stock’s 52-week performance, its high was $106.67, and the low was $66.73. On the whole, BRO has fluctuated by 2.53% over the past month.
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With the market capitalization of Brown & Brown, Inc. currently standing at about $29.88 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-28. The company’s Forward Dividend Ratio is 0.52, with its dividend yield at 0.50%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.71B, with a low estimate of 1.14B and a high estimate of 1.19B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.17B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BRO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.78, with the price of BRO currently trading nearly 1.09% and 1.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.07, while the 7-day volatility ratio is showing 2.53% which for the 30-day chart, stands at 1.70%. Furthermore, Brown & Brown, Inc. (BRO)’s beta value is 0.83, and its average true range (ATR) is 1.94.
A comparison of Brown & Brown, Inc. (BRO) with its peers suggests the former has fared considerably weaker in the market. BRO showed an intraday change of 1.04% in last session, and over the past year, it grew by 46.59%%.
Data on historical trading for Brown & Brown, Inc. (NYSE:BRO) indicates that the trading volumes over the past 10 days have averaged 1.5 and over the past 3 months, they’ve averaged 1.39 million. According to company’s latest data on outstanding shares, there are 284.60 million shares outstanding.
Nearly 17.43% of Brown & Brown, Inc.’s shares belong to company insiders and institutional investors own 74.81% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.45 million shares as on 2024-09-30, resulting in a short ratio of 2.49. According to the data, the short interest in Brown & Brown, Inc. (BRO) stood at 187.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 3.19 million. The stock has risen by 47.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BRO stock heading into the next quarter.
