Brown & Brown (BRO) Shares are Up 0.59%

Brown & Brown (BRO) has been under a strong bear grip, hence the stock is down -0.23% 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 0.42% in the past 1 week. The stock has risen by 0.59% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.76% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.77% and the 50-Day Moving Average is 1.86%.The 200 Day SMA reached 9.09%


Brown & Brown (NYSE:BRO): After opening at $37.38, the stock dipped to an intraday low of $37.37 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $37.845 and the buying power remained strong till the end. The stock closed at $37.71 for the day, a gain of 1.15% for the day session. The total traded volume was 675,962. The stocks close on the previous trading day was $37.71.

Brown & Brown (BRO) : The highest level Brown & Brown (BRO) is projected to reach is $41 for the short term and the lowest estimate is at $31. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $36.43 and the possibility the share price can swing is $3.74.

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.

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