Brown & Brown Inc. (BRO) and Owens Corning (OC)’s stocks are hitting all the right chords

On Dec 19, PENNY JEROME SCOTT, EVP Chief Acquisitions Officer sold 30,000 shares of Brown & Brown Inc. (NYSE: BRO), with the average selling price of the stock being $39.47 per share. The total amount realized from this sold $1,184,001. A document was filed with the Securities and Exchange Commission to notify the public about the sold of the shares.

In addition to that, Director – PROCTOR H PALMER JR bought an extra 5,000 shares of this stock in a transaction that took place a day before, on Jul 25, with a share bought at an average of $35.96 and a total of $179,806 was realized from this transaction. After the transaction, the Director – PROCTOR H PALMER JR was left with 31,153 shares of the company’s stock, which is currently worth around $1120261.88.

The recent price movement of BRO means that it is now down by -0.25% from its 52-week high and 54.75% up against its 52-week low prices. Over the past one week, the price volatility of BRO stands at 1.13% while the volatility over the past one month is 1.20%. The beta score for this stock is 0.66. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 10/28/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.26 earnings per share (EPS) during that period. This report was below the expectations of analysts of 0.27 by -0.01. The revenue by the firm was 563.56M for the quarter.

The shares of Brown & Brown Inc. (BRO) gained by 0.95%, leading to a gain of $0.38 per share, and saw BRO end the trading session at $40.59 on Wednesday 01/15/20. BRO started the trading session at $40.23, before reaching a daily high of $40.675. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $40.215.

The trading volume on Wednesday stood at 1278483, which was below the stock’s 3-month average volume of 1.80 million shares, out of a total 234.89M shares. As the price of the stock climbed, the market valuation of the company gained to 11.42 billion.

The shares of Owens Corning (NYSE: OC) went up by 1.65% by the end of the recent trading session. This movement saw its price surge to close at $65.29, which was higher than the previous closing price of $64.23. Over the past one week, the price of OC has jumped by 0.68%, while it has recorded a gain of 1.10% over the past one month. Its three-month performance saw OC gain 3.73% while its six-month performance saw it surge by 16.51%. The situation is different though over the past one year, as the stock price went up by 38.53%, while its year-to-date (YTD) price performance jumped by 0.26%. The stock price has gone up by +7.95% compared to its 90-day low, while it is down -4.99% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Hold. In the short-term, the stock has a 20-day average volume of 946,625 shares, with the short-term indicators averagely rating the stock as a 50% Buy. A look at its medium-term indicators reveals that it has a 50-Day average volume of 1,065,956 shares and the indicators have an average rating of 100% Buy. The last indicators, the long-term see OC stock with a 100-Day average volume of 1,591,877 shares, giving it an average rating of 100% Buy. A look at the general picture of all short, medium and long-term indicators leaves OC with an average rating of 80% Buy.

Several brokerage firms sent out their reports OC stock not long ago. In its report sent out on January 14, 2020, Berenberg lowered its ratings on OC to a Hold. In an earlier report on January 07, 2020, Loop Capital Initiated the stock to a Buy. Citigroup meanwhile in its report on December 17, 2019 Initiated its rating of the stock to “Neutral”.

In a recent SEC filing, the company revealed that 441 institutions currently hold the OC stock. In the last quarter, a 111,276,255 OC shares were in the possession of institutions. On the other hand, the company recorded 83 new institutions who bought it their stock, while 51 institutions sold their entire OC reserve. Of the current institutions investing in the stock, 220 increased their investment while 170 decreased their investment in the stock.