Brown & Brown, Inc’s recently made public 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 $4.37 billion.
Morgan Stanley downgraded its Brown & Brown, Inc [BRO] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early December with a ‘”an Overweight”‘ rating. Argus began covering BRO with “Buy” recommendation on September 24, 2024. Barclays started covering the stock on September 05, 2024. It rated BRO as “an Equal weight”.
Price Performance Review of BRO
On Tuesday, Brown & Brown, Inc [NYSE:BRO] saw its stock jump 0.34% to $121.39. Over the last five days, the stock has gained 1.85%. Brown & Brown, Inc shares have risen nearly 18.99% since the year began. Nevertheless, the stocks have risen 41.09% over the past one year. While a 52-week high of $121.30 was reached on 03/25/25, a 52-week low of $80.33 was recorded on 01/02/25. SMA at 50 days reached $112.08, while 200 days put it at $104.33.
Levels Of Support And Resistance For BRO Stock
The 24-hour chart illustrates a support level at 120.32, which if violated will result in even more drops to 119.26. On the upside, there is a resistance level at 122.15. A further resistance level may holdings at 122.92. The Relative Strength Index (RSI) on the 14-day chart is 68.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.25%. Stochastics %K at 79.90% 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 2025-03-14, growing by 1.46 million shares to a total of 5.67 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 4.21 million shares. There was a rise of 25.68%, which implies that there is a positive sentiment for the stock.
