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.
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 $4.01 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 jump 0.79% to $111.47. Over the last five days, the stock has gained 2.35%. Brown & Brown, Inc shares have risen nearly 9.26% since the year began. Nevertheless, the stocks have risen 35.61% over the past one year. While a 52-week high of $114.15 was reached on 02/18/25, a 52-week low of $80.33 was recorded on 01/02/25. SMA at 50 days reached $105.10, while 200 days put it at $100.58.
Levels Of Support And Resistance For BRO Stock
The 24-hour chart illustrates a support level at 110.60, which if violated will result in even more drops to 109.73. On the upside, there is a resistance level at 112.15. A further resistance level may holdings at 112.83. The Relative Strength Index (RSI) on the 14-day chart is 69.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.47%. Stochastics %K at 93.45% indicates the stock is a selling.
