In a filing, Brown & Brown, Inc revealed 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 $4.03 billion.
Goldman downgraded its Brown & Brown, Inc [BRO] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Edward Jones’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering BRO and has decreased its forecast on March 25, 2025 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Morgan Stanley started covering the stock on December 05, 2024. It rated BRO as “an Overweight”.
Price Performance Review of BRO
On Monday, Brown & Brown, Inc [NYSE:BRO] saw its stock jump 0.21% to $112.00. Over the last five days, the stock has gained 1.12%. Brown & Brown, Inc shares have risen nearly 9.78% since the year began. Nevertheless, the stocks have risen 26.27% over the past one year.
How much short interest is there in Brown & Brown, Inc?
A steep rise in short interest was recorded in Brown & Brown, Inc stocks on 2025-04-30, dropping by -1.78 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-31 was 5.35 million shares. There was a decline of -50.0%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 24, 2024 when Argus began covering the stock and recommended ‘”a Buy”‘ rating along with a $120 price target.
