Brown & Brown (BRO) has been under a strong bear grip, hence the stock is down -1.73% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.2% in the past 1 week. The stock has risen by 0.16% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.35% in the past 4 weeks.
Brown & Brown Inc. is up 4.24% in the last 3-month period. Year-to-Date the stock performance stands at 15.18%. The stock has recorded a 20-day Moving Average of 0.2% and the 50-Day Moving Average is 0.39%.
Brown & Brown (NYSE:BRO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.36 and $36.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.57, notching a gain of 0.11% for the day. The total traded volume was 513,701 . The stock had closed at $36.53 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Brown & Brown (NYSE:BRO). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $40 per share from a prior target of $39. The rating by the firm was issued on July 20, 2016.
Brown & Brown Inc. is a diversified insurance agency wholesale brokerage insurance programs and service organization. The Company markets and sells insurance products and services in the property casualty and employee benefits areas. The Companys has four operating segments: the Retail Division provides insurance products and services to commercial public entity professional and individual customers; the National Programs Division provides professional liability and related package products for certain professionals and markets targeted products and services to industries trade groups public entities and market niches; the Wholesale Brokerage Division markets and sells excess and surplus commercial and personal insurance and reinsurance through agents and brokers; and the Services Division provides customers with thirdparty claims administration consulting for the workers compensation insurance market comprehensive medical utilization management services.