Brown & Brown Inc. [NYSE: BRO] gained 1.03% or 0.43 points to close at $41.98 with a heavy trading volume of 1336085 shares. It opened the trading session at $41.62, the shares rose to $42.42 and dropped to $41.57, the range by which the price of stock traded the whole day. The daily chart for BRO points out that the company has recorded 7.70% gains over the past six months. However, it is still -36.74% lower than its most recent low trading price.
If we look at the average trading volume of 1.61M shares, BRO reached to a volume of 1336085 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Brown & Brown Inc. [BRO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BRO shares is $39.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BRO stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Brown & Brown Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on December 05, 2019. The new note on the price target was released on August 07, 2018, representing the official price target for Brown & Brown Inc. stock.
The Average True Range (ATR) for Brown & Brown Inc. is set at 1.16, with the Price to Sales ratio for BRO stock in the period of the last 12 months amounting to 4.81. The Price to Book ratio for the last quarter was 3.29, with the Price to Cash per share for the same quarter was set at 1.42.
Trading performance analysis for BRO stock
Brown & Brown Inc. [BRO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.03. With this latest performance, BRO shares gained by 8.87% in over the last four-week period, additionally plugging by 7.70% over the last 6 months – not to mention a rise of 28.22% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BRO stock in for the last two-week period is set at 60.81, with the RSI for the last a single of trading hit 61.00, and the three-weeks RSI is set at 58.79 for Brown & Brown Inc. [BRO]. The present Moving Average for the last 50 days of trading for this stock 38.48, while it was recorded at 41.24 for the last single week of trading, and 39.05 for the last 200 days.
Brown & Brown Inc. [BRO]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Brown & Brown Inc. [BRO] shares currently have an operating margin of +28.38 and a Gross Margin at +94.62. Brown & Brown Inc.’s Net Margin is presently recorded at +16.12.
Return on Total Capital for BRO is now 14.11, given the latest momentum, and Return on Invested Capital for the company is 8.14. Return on Equity for this stock inclined to 12.14, with Return on Assets sitting at 5.33. When it comes to the capital structure of this company, Brown & Brown Inc. [BRO] has a Total Debt to Total Equity ratio set at 52.73. Additionally, BRO Total Debt to Total Capital is recorded at 34.53, with Total Debt to Total Assets ending up at 22.83. Long-Term Debt to Equity for the company is recorded at 49.79, with the Long-Term Debt to Total Capital now at 32.60.
Reflecting on the efficiency of the workforce at the company, Brown & Brown Inc. [BRO] managed to generate an average of $38,247 per employee. Receivables Turnover for the company is 2.50 with a Total Asset Turnover recorded at a value of 0.33.Brown & Brown Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
Brown & Brown Inc. [BRO]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Brown & Brown Inc. posted 0.32/share EPS, while the average EPS was predicted by analysts to be reported at 0.28/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 14.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BRO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Brown & Brown Inc. go to 6.32%.
An analysis of insider ownership at Brown & Brown Inc. [BRO]
There are presently around $8,622 million, or 73.30% of BRO stock, in the hands of institutional investors. The top three institutional holders of BRO stocks are: BLACKROCK INC. with ownership of 28,734,168, which is approximately 5.951% of the company’s market cap and around 2.50% of the total institutional ownership; VANGUARD GROUP INC, holding 26,385,047 shares of the stock with an approximate value of $1.1 billion in BRO stocks shares; and SELECT EQUITY GROUP, L.P., currently with $495.82 million in BRO stock with ownership of nearly 9.415% of the company’s market capitalization.
Positions in Brown & Brown Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 201 institutional holders increased their position in Brown & Brown Inc. [NYSE:BRO] by around 18,256,078 shares. Additionally, 193 investors decreased positions by around 17,569,658 shares, while 57 investors held positions by with 171,677,887 shares. The mentioned changes placed institutional holdings at 207,503,623 shares, according to the latest SEC report filing. BRO stock had 70 new institutional investments in for a total of 6,667,434 shares, while 45 institutional investors sold positions of 1,898,179 shares during the same period.