Brown & Brown, Inc’s filing revealed that its Director ORMOND RIVERSIDE, L P acquired Company’s shares for reported $3.34 million on Nov 26 ’24. In the deal valued at $111.75 per share,29,921 shares were bought.
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Then, BROWN HYATT J sold 389,007 shares, generating $43,471,532 in total proceeds. Upon selling the shares at $111.75, the Chairman now owns 36,029,921 shares.
Before that, BROWN HYATT J sold 29,921 shares. Brown & Brown, Inc shares valued at $3,343,672 were divested by the Chairman at a price of $111.75 per share. As a result of the transaction, BROWN HYATT J now holds 36,000,000 shares, worth roughly $3.71 billion.
Morgan Stanley initiated its Brown & Brown, Inc [BRO] rating to an Overweight in a research note published on December 05, 2024; the price target was $134. A number of analysts have revised their coverage, including Argus’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Barclays began covering BRO with “an Equal weight” recommendation on September 05, 2024. Wells Fargo revised its rating on August 12, 2024. It rated BRO as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of BRO
On Tuesday, Brown & Brown, Inc [NYSE:BRO] saw its stock fall -1.16% to $103.18. Over the last five days, the stock has gained 0.24%. Brown & Brown, Inc shares have risen nearly 45.10% since the year began. Nevertheless, the stocks have risen 48.52% over the past one year. While a 52-week high of $114.15 was reached on 11/27/24, a 52-week low of $69.19 was recorded on 01/05/24. SMA at 50 days reached $107.76, while 200 days put it at $96.44.
Levels Of Support And Resistance For BRO Stock
The 24-hour chart illustrates a support level at 102.44, which if violated will result in even more drops to 101.71. On the upside, there is a resistance level at 103.89. A further resistance level may holdings at 104.61. The Relative Strength Index (RSI) on the 14-day chart is 33.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.26%. Stochastics %K at 14.89% indicates the stock is a buying.
How much short interest is there in Brown & Brown, Inc?
A steep rise in short interest was recorded in Brown & Brown, Inc stocks on 2024-11-29, dropping by -0.54 million shares to a total of 3.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.51 million shares. There was a decline of -13.54%, which implies that there is a negative sentiment for the stock.
