Richard Silas Sells 50,000 Shares of Brown & Brown, Inc. (BRO) Stock

Brown & Brown, Inc. (NYSE:BRO) Director Richard Silas sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $0.83, for a total transaction of $41,500.00.

Richard Silas also recently made the following trade(s):

  • On Friday, October 20th, Richard Silas sold 38,000 shares of Brown & Brown stock. The stock was sold at an average price of $0.75, for a total transaction of $28,500.00.

Shares of Brown & Brown, Inc. (NYSE BRO) traded up $0.11 during trading hours on Monday, reaching $49.48. 725,800 shares of the company were exchanged, compared to its average volume of 588,828. The company has a market capitalization of $6,897.69, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.65 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.97 and a quick ratio of 0.97. Brown & Brown, Inc. has a fifty-two week low of $38.10 and a fifty-two week high of $50.81.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings data on Monday, October 16th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. Brown & Brown had a net margin of 14.66% and a return on equity of 10.99%. The business had revenue of $475.60 million for the quarter, compared to analysts’ expectations of $475.13 million. During the same period last year, the firm posted $0.50 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. sell-side analysts predict that Brown & Brown, Inc. will post 1.87 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 8th. Shareholders of record on Friday, October 27th were given a $0.15 dividend. The ex-dividend date was Thursday, October 26th. This represents a $0.60 dividend on an annualized basis and a yield of 1.21%. This is a positive change from Brown & Brown’s previous quarterly dividend of $0.14. Brown & Brown’s dividend payout ratio (DPR) is currently 31.75%.

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Institutional investors have recently modified their holdings of the business. IFP Advisors Inc boosted its position in Brown & Brown by 9.8% in the second quarter. IFP Advisors Inc now owns 2,823 shares of the financial services provider’s stock valued at $122,000 after buying an additional 251 shares in the last quarter. Mosaic Family Wealth LLC boosted its position in Brown & Brown by 5.9% in the second quarter. Mosaic Family Wealth LLC now owns 4,208 shares of the financial services provider’s stock valued at $181,000 after buying an additional 235 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Brown & Brown by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,322 shares of the financial services provider’s stock valued at $186,000 after buying an additional 405 shares in the last quarter. Rowland & Co. Investment Counsel ADV boosted its position in Brown & Brown by 4.1% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 4,465 shares of the financial services provider’s stock valued at $193,000 after buying an additional 175 shares in the last quarter. Finally, Parametrica Management Ltd acquired a new stake in Brown & Brown in the third quarter valued at approximately $218,000. Hedge funds and other institutional investors own 72.45% of the company’s stock.

BRO has been the topic of several recent research reports. Zacks Investment Research cut shares of Brown & Brown from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Morgan Stanley raised their target price on shares of Brown & Brown from $40.00 to $43.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. Barclays PLC raised their target price on shares of Brown & Brown from $39.00 to $43.00 and gave the stock an “underweight” rating in a report on Monday, October 16th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Brown & Brown in a report on Tuesday, August 15th. Finally, BidaskClub cut shares of Brown & Brown from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Brown & Brown presently has a consensus rating of “Hold” and a consensus price target of $46.11.

About Brown & Brown

Brown & Brown, Inc is a diversified insurance agency, wholesale brokerage, insurance programs and service company. The Company markets and sells insurance products and services, in the property, casualty and employee benefits areas. It provides its customers with non-investment insurance contracts, as well as other customized risk management products and services.

Insider Buying and Selling by Quarter for Brown & Brown (NYSE:BRO)

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