Brown & Brown Inc (BRO): Robert W Lloyd , EVP, Secy, General Counsel of Brown & Brown Inc sold 2,971 shares on Sep 20, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $37.31 per share for a total value of $110,862.87 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 1, 2016, Anthony T Strianese (EVP and Pres. Wholesale Div.) sold 1,444 shares at $37.02 per share price.On Jun 27, 2016, Richard Freebourn (EVP and People Officer) sold 27,569 shares at $35.69 per share price.Also, On Mar 15, 2016, Jerome Scott Penny (Chief Acquisitions Officer) sold 15,000 shares at $33.39 per share price.
Brown & Brown: On Tuesday, Sep 21, 2016 heightened volatility was witnessed in Brown & Brown which led to swings in the share price. The shares opened for trading at $37.35 and hit $37.425 on the upside , eventually ending the session at $37.22, with a gain of 0.19% or 0.07 points. The heightened volatility saw the trading volume jump to 5,40,896 shares. The 52-week high of the share price is $38.113 and the company has a market cap of $5,204 M . The 52-week low of the share price is at $28.41.
Company has been under the radar of several Street Analysts.Brown & Brown is Reiterated by Compass Point to Neutral and the brokerage firm has raised the Price Target to $ 37 from a previous price target of $34 .The Rating was issued on Jul 20, 2016.Brown & Brown is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 37 from a previous price target of $35 .The Rating was issued on Jul 20, 2016.Brown & Brown is Initiated by JP Morgan to Underweight. The Rating was issued on Jun 28, 2016.
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.