Alert: Positive Investment/Fundamental Signals (2/28/24)-Brown & Brown Inc (NYSE: BRO)

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Recent extremely meaningful positive changes in investment behavior have benefitted Brown & Brown Inc (NYSE: BRO): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

Recent notable positive changes in fundamentals have benefitted Brown & Brown Inc (NYSE: BRO): the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, BRO is expected to continue to be an important Value Builder.

Brown & Brown has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Brown & Brown has a neutral Appreciation Score of 44 but a very high Power Rating of 85, and the Positive Value Trend Rating results.

Recent Price Action

Brown & Brown Inc (NYSE: BRO) stock rose modestly by 0.8% on 2/28/24. The stock closed at $84.78. However, this advance was accompanied by unusually low trading volume at 58% of normal. The stock has been strong relative to the market over the last nine months and has risen 2.5% during the last week.

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