On November 2, 2023, Stephen Boyd, the Executive Vice President and President of Wholesale Brokerage at Brown & Brown Inc (BRO, Financial), sold 2,500 shares of the company. This move is part of a series of insider transactions that have taken place over the past year.
Brown & Brown Inc is a leading insurance brokerage firm, providing risk management solutions to individuals and businesses. With a diverse offering of insurance products and services, the company is well-positioned in the industry to cater to a wide range of customer needs.
Over the past year, the insider has sold a total of 2,500 shares and has not made any purchases. This recent sale by the insider is noteworthy and may signal a shift in the company's stock performance.
The insider transaction history for Brown & Brown Inc shows a total of 3 insider buys and 2 insider sells over the past year. This trend suggests a mixed sentiment among the company's insiders, which could potentially impact the stock's performance.
On the day of the insider's recent sale, shares of Brown & Brown Inc were trading at $70.64, giving the company a market cap of $20.07 billion. The stock's price-earnings ratio stands at 26.82, which is higher than both the industry median of 11.27 and the company's historical median price-earnings ratio.
According to the GuruFocus Value, which is calculated based on historical multiples, a GuruFocus adjustment factor, and future business performance estimates, Brown & Brown Inc is fairly valued. With a price of $70.64 and a GuruFocus Value of $76.94, the stock has a price-to-GF-Value ratio of 0.92.
The insider's recent sale, coupled with the stock's valuation, suggests that investors should keep a close eye on Brown & Brown Inc. While the company appears to be fairly valued, the insider's sale could potentially signal a shift in the company's stock performance.
As always, investors are advised to conduct their own thorough research before making any investment decisions.
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.
