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 shares were 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 shares were sold at an average price of $0.75, for a total transaction of $28,500.00.

Shares of Brown & Brown, Inc. (BRO) opened at $49.40 on Tuesday. The stock has a market cap of $6,897.69, a price-to-earnings ratio of 26.46, a PEG 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 52 week low of $39.31 and a 52 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, topping the consensus estimate of $0.49 by $0.04. The business had revenue of $475.60 million for the quarter, compared to the consensus estimate of $475.13 million. Brown & Brown had a net margin of 14.66% and a return on equity of 10.99%. Brown & Brown’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.50 earnings per share. research analysts expect that Brown & Brown, Inc. will post 1.87 EPS for the current year.

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

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BRO has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $43.00 price target on shares of Brown & Brown in a research report on Friday, August 18th. Morgan Stanley lifted their price target on shares of Brown & Brown from $40.00 to $43.00 and gave the company an “underweight” rating in a research report on Wednesday, October 18th. BidaskClub lowered shares of Brown & Brown from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of Brown & Brown from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Brown & Brown in a research report on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Brown & Brown currently has a consensus rating of “Hold” and an average target price of $46.11.

Institutional investors have recently made changes to their positions in the company. IFP Advisors Inc grew its stake in shares of Brown & Brown by 9.8% in the second quarter. IFP Advisors Inc now owns 2,823 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 251 shares during the last quarter. Mosaic Family Wealth LLC grew its stake in shares of 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 worth $181,000 after acquiring an additional 235 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of 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 worth $186,000 after acquiring an additional 405 shares during the last quarter. Rowland & Co. Investment Counsel ADV grew its stake in shares of 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 worth $193,000 after acquiring an additional 175 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new stake in shares of Brown & Brown in the third quarter worth $218,000. Institutional investors and hedge funds own 72.45% of the company’s stock.

Brown & Brown Company Profile

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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