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The closing price of Brown & Brown, Inc. (NYSE: BRO) was $101.45 for the day, down -1.03% from the previous closing price of $102.51. In other words, the price has decreased by -$1.03 from its previous closing price. On the day, 3.37 million shares were traded. BRO stock price reached its highest trading level at $102.645 during the session, while it also had its lowest trading level at $101.17.
Ratios:
Our analysis of BRO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.76. In the meantime, Its Debt-to-Equity ratio is 0.72 whereas as Long-Term Debt/Eq ratio is at 0.59.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on September 05, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $108.
On August 12, 2024, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $94 to $112.
BofA Securities Upgraded its Underperform to Neutral on May 22, 2024, whereas the target price for the stock was revised from $91 to $101.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 29 ’24 when BROWN HYATT J sold 134,640 shares for $104.51 per share. The transaction valued at 14,071,226 led to the insider holds 0 shares of the business.
HYATT BROWN bought 134,640 shares of BRO for $14,070,766 on Aug 29 ’24. On Aug 08 ’24, another insider, Watts R. Andrew, who serves as the EVP, CFO and Treasurer of the company, sold 2,500 shares for $100.32 each. As a result, the insider received 250,800 and left with 88,445 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BRO now has a Market Capitalization of 28939726848 and an Enterprise Value of 32175728640. As of this moment, Brown’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.20, and their Forward P/E ratio for the next fiscal year is 25.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.39 while its Price-to-Book (P/B) ratio in mrq is 4.80. Its current Enterprise Value per Revenue stands at 7.224 whereas that against EBITDA is 21.489.
Stock Price History:
Over the past 52 weeks, BRO has reached a high of $106.02, while it has fallen to a 52-week low of $66.73. The 50-Day Moving Average of the stock is 1.36%, while the 200-Day Moving Average is calculated to be 16.84%.
Shares Statistics:
BRO traded an average of 1.19M shares per day over the past three months and 1699240 shares per day over the past ten days. A total of 284.60M shares are outstanding, with a floating share count of 235.54M. Insiders hold about 17.43% of the company’s shares, while institutions hold 74.61% stake in the company. Shares short for BRO as of 1724976000 were 3192413 with a Short Ratio of 2.69, compared to 1722384000 on 2979115. Therefore, it implies a Short% of Shares Outstanding of 3192413 and a Short% of Float of 1.34000005.
Dividends & Splits
With its trailing 12-month dividend rate of 0.505, BRO has a forward annual dividend rate of 0.52. Against a Trailing Annual Dividend Yield of 0.0049263486The stock’s 5-year Average Dividend Yield is 0.69.
