Brown & Brown SVP Kenneth R. Masters Unloads 21,883 Shares (BRO)
Brown & Brown (NYSE:BRO) SVP Kenneth R. Masters sold 21,883 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $30.50, for a total value of $667,431.50. Following the completion of the transaction, the senior vice president now directly owns 105,958 shares in the company, valued at approximately $3,231,719. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Brown & Brown in a research note on Thursday, May 29th. They now have a $36.00 price target on the stock. Separately, analysts at Macquarie cut their price target on shares of Brown & Brown from $32.00 to $1.00 in a research note on Thursday, May 22nd. Finally, analysts at Compass Point downgraded shares of Brown & Brown from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 23rd. They now have a $33.00 price target on the stock, down previously from $36.00. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.54.
Brown & Brown (NYSE:BRO) traded down 0.62% during mid-day trading on Thursday, hitting $30.45. 194,488 shares of the company’s stock traded hands. Brown & Brown has a one year low of $27.76 and a one year high of $35.13. The stock has a 50-day moving average of $30.20 and a 200-day moving average of $30.3. The company has a market cap of $4.414 billion and a P/E ratio of 21.43.
Brown & Brown (NYSE:BRO) last announced its earnings results on Monday, April 21st. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.02. On average, analysts predict that Brown & Brown will post $1.63 earnings per share for the current fiscal year.
Brown & Brown, Inc (NYSE:BRO) is a diversified insurance agency providing wholesale brokerage and insurance programs and services.
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