Brown & Brown, Inc. (BRO) has seen a surge of investor interest, with multiple firms like Bleakley Financial Group, Kingsview Wealth Management and Empowered Funds LLC buying new stakes or increasing their positional holdings. The company's quarters have witnessed consistent earnings growth, even topping forecasts for Q1 2024. Brown & Brown also gained recognition for its workplace environment by its inclusion in the 2024 Fortune Best Workplaces for Millennials™ list.
However, some shareholders might be planning their exit with the short interest in the company rising up to 17.2% in June 2024. Yet, the company's stock witnessed highs of $94.12 with a substantial 27% YTD gain. There were some jitters about potential slowdown in revenue growth and certain analysts have downgraded the stock from hold to sell. Still, the company's shares were traded heavily, with firms like BNP Paribas and SG Americas Securities LLC purchasing multiple shares. Brown & Brown announced a series of asset acquisitions, indicative of its strategic growth plans.
Moreover, Brown & Brown's strong underwriting returns have been lauded by investors.
Brown Brown BRO News Analytics from Wed, 27 Jun 2018 11:59:47 GMT to Sun, 21 Jul 2024 15:59:29 GMT - Rating 2 - Innovation 1 - Information 8 - Rumor -1
