Brown & Brown Inc (BRO) Files Form 4 Insider Selling : Richard Freebourn Sells 27,569 Shares

Brown & Brown Inc (BRO): Richard Freebourn , EVP and People Officer of Brown & Brown Inc sold 27,569 shares on Jun 24, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $35.69 per share for a total value of $983,984.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, Anthony T Strianese (EVP and Pres. Wholesale Div.) sold 2,700 shares at $35.64 per share price.On Mar 17, 2016, Richard Freebourn (People Officer) sold 1,250 shares at $32.64 per share price.Also, On Mar 15, 2016, Jerome Scott Penny (Chief Acquisitions Officer) sold 15,000 shares at $33.39 per share price.

Shares of Brown & Brown (BRO) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -1.37 points or -3.70% at $35.61 with 10,93,854 shares getting traded. Post opening the session at $35.67, the shares hit an intraday low of $35.54 and an intraday high of $36.11 and the price vacillated in this range throughout the day. The company has a market cap of $4,986 M and the number of outstanding shares has been calculated to be 14,00,22,010 shares. The 52-week high of Brown & Brown is $36.99 and the 52-week low is $28.41.

Brown & Brown Money Flow Index Chart

Brown & Brown Inc. is a diversified insurance agency wholesale brokerage insurance programs and service organization. The Company markets and sells insurance products and services in the property casualty and employee benefits areas. The Company’s has four operating segments: the Retail Division provides insurance products and services to commercial public entity professional and individual customers; the National Programs Division provides professional liability and related package products for certain professionals and markets targeted products and services to industries trade groups public entities and market niches; the Wholesale Brokerage Division markets and sells excess and surplus commercial and personal insurance and reinsurance through agents and brokers; and the Services Division provides customers with thirdparty claims administration consulting for the workers compensation insurance market comprehensive medical utilization management services.

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