Brown & Brown Inc. (NYSE:BRO) has a beta value of 0.70 and has seen 0.77 million shares traded in the last trading session. The company, currently valued at $16.54B, closed the last trade at $58.94 per share which meant it gained $0.21 on the day or 0.36% during that session. The BRO stock price is -0.03% off its 52-week high price of $58.96 and 27.52% above the 52-week low of $42.72. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.86 million shares traded. The 3-month trading volume is 963.58K shares.
The consensus among analysts is that Brown & Brown Inc. (BRO) is a Hold stock at the moment, with a recommendation rating of 2.70. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 7 out of 10 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.52.
Brown & Brown Inc. (NYSE:BRO) trade information
Sporting 0.36% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the BRO stock price touched $58.94 or saw a rise of 0.15%. Year-to-date, Brown & Brown Inc. shares have moved 24.32%, while the 5-day performance has seen it change 1.36%. Over the past 30 days, the shares of Brown & Brown Inc. (NYSE:BRO) have changed 8.75%. Short interest in the company has seen 2.98 million shares shorted with days to cover at 3.81.
Wall Street analysts have a consensus price target for the stock at $59.43, which means that the shares’ value could jump 0.82% from current levels. The projected low price target is $56.00 while the price target rests at a high of $64.00. In that case, then, we find that the current price level is -8.59% off the targeted high while a plunge would see the stock lose 4.99% from current levels.
Brown & Brown Inc. (BRO) estimates and forecasts
Figures show that Brown & Brown Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 27.16% over the past 6 months, with this year growth rate of 24.55%, compared to 19.60% for the industry. Revenue growth from the last financial year stood is estimated to be 15.50%.
6 analysts offering their estimates for the company have set an average revenue estimate of $758.42 million for the current quarter. 6 have an estimated revenue figure of $715.7 million for the next quarter concluding in Dec 2021. Year-ago sales stood $641.82 million and $642.1 million respectively for this quarter and the next, and analysts expect sales will grow by 18.20% for the current quarter and 11.50% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 14.70% over the past 5 years. Earnings growth for 2021 is a modest 20.10% while over the next 5 years, the company’s earnings are expected to increase by 13.22%.
Brown & Brown Inc. is expected to release its next earnings report between October 25 and October 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.37 at a share yield of 0.63%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.00%.
Brown & Brown Inc. (NYSE:BRO)’s Major holders
Insiders own 17.05% of the company shares, while shares held by institutions stand at 71.98% with a share float percentage of 86.78%. Investors are also buoyed by the number of investors in a company, with Brown & Brown Inc. having a total of 644 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 27.38 million shares worth more than $1.25 billion. As of Mar 30, 2021, Blackrock Inc. held 9.72% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 24.52 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $1.12 billion and represent 8.70% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of Mar 30, 2021, the former fund manager holds about 2.40% shares in the company for having 6.76 million shares of worth $309.11 million while later fund manager owns 6.39 million shares of worth $335.56 million as of May 30, 2021, which makes it owner of about 2.27% of company’s outstanding stock.