BRO Stock Summary and Trading Ideas (Brown & Brown | NYSE:BRO)

Brown & Brown Inc is an insurance agent and broker that offers insurance products and services, primarily in the areas of property, casualty, and employee benefits, by connecting customers with insurance companies. It earns its revenue via commissions from insurance companies and direct fees from customers, and it generally has no underwriting risk exposure. More than half of its revenue is from its retail segment, which provides a broad range of insurance products and services to entities and individuals. Roughly a fourth of revenue is from its national programs segment, which provides, among other things, professional liability coverage for professionals. The company operates primarily in the United States, with its highest exposure in Florida.

Brown & Brown trades on the NYSE stock market under the symbol BRO.

As of May 13, 2024, BRO stock price climbed to $87.47 with 1,468,872 million shares trading.

BRO has a beta of 0.63, meaning it tends to be less sensitive to market movements. BRO has a correlation of 0.18 to the broad based SPY ETF.

BRO has a market cap of $24.96 billion. This is considered a Large Cap stock.

Last quarter Brown & Brown reported $1 billion in Revenue and $1.14 earnings per share. This beat revenue expectation by $38 million and exceeded earnings estimates by $.09.

In the last 3 years, BRO stock traded as high as $87.99 and as low as $50.78.

The top ETF exchange traded funds that BRO belongs to (by Net Assets): VTI, VOO, VB, SPY, VO.

BRO has outperformed the market in the last year with a price return of +34.1% while the SPY ETF gained +27.8%. BRO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +8.1% and +7.5%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

BRO support price is $86.12 and resistance is $88.02 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BRO stock will trade within this expected range on the day.