CFO, Senior Vice President and Treasurer of Brown & Brown Inc. (BRO, Financial) Cory T. Walker bought 20,000 shares of the company on 07/21/2011 at an average price of $21.82. The total transaction amount was $436,400
Brown & Brown Inc. and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, third party administration, managed health care and Medicare set-aside services and programs. Brown & Brown Inc. has a market cap of $3.12 billion; its shares were traded at around $21.8 with a P/E ratio of 19.64 and P/S ratio of 3.2. The dividend yield of Brown & Brown Inc. stocks is 1.47%. Brown & Brown Inc. had an annual average earnings growth of 10.9% over the past 10 years.
Cory Walker is the Senior Vice President, CFO and Treasurer of Brown & Brown, and has held those positions since April 2004. Before his days at Brown & Brown, he was a certified public accountant for Ernst & Young.
Joel Greenblatt bought 8,915 shares in the quarter that ended on 03/31/2011, which is 0.07% of the $333 million portfolio of Gotham Capital. Richard Aster Jr. owns 2,433,767 shares as of 03/31/2011, an increase of 16.45% from the previous quarter. This position accounts for 1.88% of the $3.34 billion portfolio of Meridian Fund. Ron Baron owns 716,414 shares as of 03/31/2011, a decrease of 35.35% of from the previous quarter. This position accounts for 0.1% of the $18.46 billion portfolio of Baron Funds. Mario Gabelli sold out his holdings in the quarter that ended on 03/31/2011.
Regional President C. Roy Bridges sold 30,000 shares of BRO stock on 04/29/2011 at the average price of $25.62. C. Roy Bridges owns at least 161,188 shares after this. The price of the stock has decreased by 14.91% since. Regional Executive Vice President Anthony T. Strianese sold 5,000 shares of BRO stock on 03/23/2011 at the average price of $24.93. Anthony T. Strianese owns at least 94,479 shares after this. The price of the stock has decreased by 12.56% since.
Brown & Brown recently reported its second quarter 2011 results. Net income for the second quarter of 2011 was $37,035,000, or $0.26 per share, compared with $41,185,000, or $0.29 per share for the same quarter of 2010, a decrease of 10.1%. Total revenue for the second quarter ended June 30, 2011 was $246,816,000, compared with 2010 second-quarter revenue of $243,665,000, an increase of 1.3%.
J. Powell Brown, president and chief executive officer of Brown & Brown Inc. noted, "We were challenged this quarter by $4.2 million less in profit-sharing contingency commissions. This is largely a reflection of rising loss ratios of property and casualty insurance carriers across the US. We are pleased with the continued incremental improvements in certain segments of our business, most notably the second consecutive quarter of positive internal revenue growth in our Wholesale Brokerage Division.”
Brown & Brown Inc. and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, third party administration, managed health care and Medicare set-aside services and programs. Brown & Brown Inc. has a market cap of $3.12 billion; its shares were traded at around $21.8 with a P/E ratio of 19.64 and P/S ratio of 3.2. The dividend yield of Brown & Brown Inc. stocks is 1.47%. Brown & Brown Inc. had an annual average earnings growth of 10.9% over the past 10 years.
Cory Walker is the Senior Vice President, CFO and Treasurer of Brown & Brown, and has held those positions since April 2004. Before his days at Brown & Brown, he was a certified public accountant for Ernst & Young.
Joel Greenblatt bought 8,915 shares in the quarter that ended on 03/31/2011, which is 0.07% of the $333 million portfolio of Gotham Capital. Richard Aster Jr. owns 2,433,767 shares as of 03/31/2011, an increase of 16.45% from the previous quarter. This position accounts for 1.88% of the $3.34 billion portfolio of Meridian Fund. Ron Baron owns 716,414 shares as of 03/31/2011, a decrease of 35.35% of from the previous quarter. This position accounts for 0.1% of the $18.46 billion portfolio of Baron Funds. Mario Gabelli sold out his holdings in the quarter that ended on 03/31/2011.
Regional President C. Roy Bridges sold 30,000 shares of BRO stock on 04/29/2011 at the average price of $25.62. C. Roy Bridges owns at least 161,188 shares after this. The price of the stock has decreased by 14.91% since. Regional Executive Vice President Anthony T. Strianese sold 5,000 shares of BRO stock on 03/23/2011 at the average price of $24.93. Anthony T. Strianese owns at least 94,479 shares after this. The price of the stock has decreased by 12.56% since.
Brown & Brown recently reported its second quarter 2011 results. Net income for the second quarter of 2011 was $37,035,000, or $0.26 per share, compared with $41,185,000, or $0.29 per share for the same quarter of 2010, a decrease of 10.1%. Total revenue for the second quarter ended June 30, 2011 was $246,816,000, compared with 2010 second-quarter revenue of $243,665,000, an increase of 1.3%.
J. Powell Brown, president and chief executive officer of Brown & Brown Inc. noted, "We were challenged this quarter by $4.2 million less in profit-sharing contingency commissions. This is largely a reflection of rising loss ratios of property and casualty insurance carriers across the US. We are pleased with the continued incremental improvements in certain segments of our business, most notably the second consecutive quarter of positive internal revenue growth in our Wholesale Brokerage Division.”
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