GuruFocus - On June 7, 2024, Julie Turpin, the Executive Vice President and Chief People Officer of Brown & Brown Inc (NYSE:BRO), sold 3,350 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 43,995 shares of the company.
Brown & Brown Inc (NYSE:BRO) is a leading insurance brokerage firm, providing risk management solutions, insurance, and reinsurance products and services to businesses, public entities, and individuals.
Shares of Brown & Brown Inc were priced at $89.92 on the day of the sale. The company's market cap is approximately $25.75 billion. The price-earnings ratio stands at 27.78, indicating a premium compared to the industry median of 11.275 and the companys historical median.
The GF Value of the stock is $82.24, leading to a price-to-GF-Value ratio of 1.09, which suggests that the stock is Fairly Valued.
Over the past year, there has been a total of 1 insider buy and 3 insider sells at Brown & Brown Inc. The insider, Julie Turpin, has sold a total of 3,350 shares and has not made any purchases during the same period.
This recent transaction follows a trend in the company where insider sells have outnumbered buys, suggesting varied activities among the company's key stakeholders.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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