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.
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 $4.42 billion.
As published in a research note from Morgan Stanley on March 25, 2025, Brown & Brown, Inc [BRO] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $128. Analysts at Morgan Stanley started covering the stock with ‘”an Overweight”‘ outlook in a report released in early December. As of September 24, 2024, Argus has initiated its “Buy” rating for BRO. Earlier on September 05, 2024, Barclays initiated its rating. Their recommendation was “an Equal weight” for BRO stock.
Analyzing BRO Stock Performance
During the last five days, there has been a surge of approximately 2.59%. Over the course of the year, Brown & Brown, Inc shares have jumped approximately 20.47%. Shares of the company reached a 52-week high of $123.24 on 03/27/25 and a 52-week low of $100.18 on 01/02/25. A 50-day SMA is recorded $112.85, while a 200-day SMA reached $104.66.
Support And Resistance Levels for Brown & Brown, Inc (BRO)
According to the 24-hour chart, there is a support level at 121.80, which, if violated, would cause prices to drop to 120.69. In the upper region, resistance lies at 123.62. The next price resistance is at 124.35. RSI (Relative Strength Index) is 71.91 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.35, which suggests the price will increase in the coming days. Percent R is at 4.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
