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 $4.23 billion.
Edward Jones initiated its Brown & Brown, Inc [BRO] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late March from “an Overweight” to “an Equal-weight”. Morgan Stanley began covering BRO with “an Overweight” recommendation on December 05, 2024. Argus started covering the stock on September 24, 2024. It rated BRO as “a Buy”.
Price Performance Review of BRO
On Tuesday, Brown & Brown, Inc [NYSE:BRO] saw its stock jump 3.65% to $117.56. Over the last five days, the stock has lost -2.76%. Brown & Brown, Inc shares have risen nearly 15.23% since the year began. Nevertheless, the stocks have risen 44.90% over the past one year. While a 52-week high of $125.68 was reached on 04/03/25, a 52-week low of $80.87 was recorded on 01/02/25. SMA at 50 days reached $117.29, while 200 days put it at $107.04.
Levels Of Support And Resistance For BRO Stock
The 24-hour chart illustrates a support level at 115.37, which if violated will result in even more drops to 113.17. On the upside, there is a resistance level at 118.74. A further resistance level may holdings at 119.91. The Relative Strength Index (RSI) on the 14-day chart is 49.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.92%. Stochastics %K at 40.89% 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 2025-03-31, growing by 0.68 million shares to a total of 5.35 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 4.68 million shares. There was a rise of 12.66%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 05, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $108 price target.
