Keefe Bruyette raised the price target for the Brown & Brown Inc. (NYSE:BRO) stock from “a Mkt perform” to “an Outperform”. The rating was released on January 19, 2021. We previously noted in another research note published on January 08, 2021 by Goldman that upgraded the stock from a Neutral to a Buy with a price target of $54 for BRO stock.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Brown & Brown Inc. (NYSE:BRO) raised 1.22% to close Friday’s market session at $52.95, higher as compared to yesterday’s close. The stock price fluctuated between $52.57 and $53.125 throughout the trading session with the volume trading being 761126 shares, which represented a significant variation when compared to the three months average volume of 972.87K shares. The firm’s stock price fluctuated -1.07% within the last five trades and 2.38% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 10.59% in the last 6 months and 10.70% was added to its value over the previous 3 months. BRO stock is trading at a margin of 0.15%, 0.67% and 10.75% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, BRO deals in the Financial domain. The stock is trading -2.61 percent below its 52-week high and 31.49 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 22.47. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Brown & Brown Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $14.88 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Brown & Brown Inc. (NYSE:BRO) is 28.64. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 25.02. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 5.45 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.81, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 2.50 percent of Brown & Brown Inc. shares are owned by insiders, and 71.80 percent are held by financial institutions. LLOYD ROBERT W, the EVP, Secy, General Counsel at Brown & Brown Inc. (BRO) has sold 9,629 shares of firm on May 06 at a price of $53.52 against the total amount of $0.52 million. In another inside trade, BROWN HYATT J, Chairman of Brown & Brown Inc. (NYSE:BRO) sold 850,000 shares of the firm on Apr 29 for a total worth of $43.91 million at a price of $51.66. An inside trade which took place on Jan 29, Director of Brown & Brown Inc. Hays James Charles bought 10,000 shares of firm against total price of $0.43 million at the cost of $43.38 per share.