Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brown & Brown, Inc shares valued at $3,343,690 were purchased by ORMOND RIVERSIDE, L P on Nov 26 ’24. At $111.75 per share, ORMOND RIVERSIDE, L P acquired 29,921 shares.
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Also, BROWN HYATT J sold 389,007 shares, netting a total of over 43,471,532 in proceeds. Following the sale of shares at $111.75 each, the insider now holds 36,029,921 shares.
Before that, BROWN HYATT J had sold 29,921 shares from its account. In a trade valued at $3,343,672, the Chairman traded Brown & Brown, Inc shares for $111.75 each. Upon closing the transaction, the insider’s holdings decreased to 29,921 shares, worth approximately $3.73 billion.
As published in their initiating research note from Morgan Stanley on December 05, 2024, Brown & Brown, Inc [BRO] has been an Overweight and the price target has been revised to $134. Analysts at Argus started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of September 05, 2024, Barclays has initiated its “an Equal weight” rating for BRO. Earlier on August 12, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for BRO stock which previously was a “an Equal weight”.
Analyzing BRO Stock Performance
During the last five days, there has been a surge of approximately 2.78%. Over the course of the year, Brown & Brown, Inc shares have jumped approximately 45.89%. Shares of the company reached a 52-week high of $114.15 on 11/27/24 and a 52-week low of $69.24 on 01/05/24. A 50-day SMA is recorded $107.47, while a 200-day SMA reached $96.96. Nevertheless, trading volume fell to 0.59 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Brown & Brown, Inc (BRO)
According to the 24-hour chart, there is a support level at 103.17, which, if violated, would cause prices to drop to 102.61. In the upper region, resistance lies at 104.09. The next price resistance is at 104.45. RSI (Relative Strength Index) is 41.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 70.70%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
