Brown & Brown, Inc’s recent filing unveils that its Chairman BROWN HYATT J unloaded Company’s shares for reported $14.07 million on Aug 29 ’24. In the deal valued at $104.51 per share,134,640 shares were sold. As a result of this transaction, BROWN HYATT J now holds 0 shares worth roughly $0.0.
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Then, HYATT BROWN bought 134,640 shares, generating $14,070,766 in total proceeds.
Before that, Watts R. Andrew sold 2,500 shares. Brown & Brown, Inc shares valued at $250,800 were divested by the EVP, CFO and Treasurer at a price of $100.32 per share. As a result of the transaction, Watts R. Andrew now holds 88,445 shares, worth roughly $9.67 million.
Argus initiated its Brown & Brown, Inc [BRO] rating to a Buy in a research note published on September 24, 2024; the price target was $120. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Equal weight”‘ rating. Wells Fargo also remained covering BRO and has increased its forecast on August 12, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. BofA Securities revised its rating on May 22, 2024. It rated BRO as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of BRO
On Tuesday, Brown & Brown, Inc [NYSE:BRO] saw its stock fall -0.39% to $109.35. Over the last five days, the stock has lost -2.73%. Brown & Brown, Inc shares have risen nearly 53.78% since the year began. Nevertheless, the stocks have risen 49.77% over the past one year. While a 52-week high of $114.08 was reached on 11/06/24, a 52-week low of $69.13 was recorded on 01/05/24. SMA at 50 days reached $105.62, while 200 days put it at $93.94.
Levels Of Support And Resistance For BRO Stock
The 24-hour chart illustrates a support level at 108.44, which if violated will result in even more drops to 107.52. On the upside, there is a resistance level at 110.01. A further resistance level may holdings at 110.66. The Relative Strength Index (RSI) on the 14-day chart is 55.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.40%. Stochastics %K at 57.31% indicates the stock is a holding.
How much short interest is there in Brown & Brown, Inc?
A steep rise in short interest was recorded in Brown & Brown, Inc stocks on 2024-10-31, growing by 62389.0 shares to a total of 4.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.45 million shares. There was a rise of 1.38%, which implies that there is a positive sentiment for the stock.
