Brown & Brown, Inc. (NYSE:BRO) experienced an 18.1% increase in short interest in May and, year to date, has seen a 27% rise in shares. They have announced their Q1 2024 results, which exceeded estimates, showing strong revenues, and leading to various capital groups such as Speece Thorson and Osterweis Capital Management Inc. enhancing their positions in the company. The company's shares are perceived as attractive due to their strong performance in an already robust industry, with some suggesting addition of
BRO stock for better returns. Brown & Brown, Inc. has become a favorite amongst institutional investors, with 73% owning shares. Moreover, the company's strong Q1 performance was enough to surpass analyst revenue forecasts. The company has also recently realigned its segments, bolstering its portfolio with DealerMax, and has reportedly been chosen by finance traders betting on a big move. On the other hand, EVP/Chief People Officer Julie Turpin has sold shares of the company, and some shareholders have expressed concern over Brown & Brown, Inc.'s P/E ratio. Nevertheless, the company continues to grow, with institutional investors having a lot on the line, owning 67% of the company.
Brown Brown BRO News Analytics from Sat, 08 Feb 2014 00:47:14 GMT to Mon, 17 Jun 2024 00:00:00 GMT -
Rating 8
- Innovation 4
- Information 7
- Rumor -2
