Brown & Brown, Inc. declares a quarterly cash dividend of $0.15 per share, payable February 12, 2025.
Quiver AI Summary
Brown & Brown, Inc. has announced a quarterly cash dividend of $0.15 per share, which will be paid on February 12, 2025, to shareholders recorded as of February 5, 2025. The company, a prominent insurance brokerage firm founded in 1939, employs over 17,000 people at more than 500 locations globally, and focuses on delivering risk management solutions to individuals and businesses. For further inquiries, R. Andrew Watts, the Chief Financial Officer, can be contacted.
Potential Positives
- The board of directors has declared a quarterly cash dividend of $0.15 per share, demonstrating the company's commitment to returning value to shareholders.
- The dividend announcement signals financial stability and profitability, which can enhance investor confidence in Brown & Brown, Inc.
- The scheduled dividend payment on February 12, 2025, provides a clear timeline for shareholders, improving transparency and trust.
Potential Negatives
- Declaring a relatively low dividend of $0.15 per share may indicate limited profitability or conservativeness in financial strategies, which could concern investors seeking higher returns.
FAQ
What is the declared dividend amount for Brown & Brown, Inc.?
Brown & Brown, Inc. has declared a regular quarterly cash dividend of $0.15 per share.
When is the dividend payable?
The dividend is payable on February 12, 2025.
What is the record date for the dividend?
Shareholders of record will be on February 5, 2025.
What does Brown & Brown, Inc. specialize in?
Brown & Brown, Inc. is a leading insurance brokerage firm that provides risk management solutions.
How can I find more information about Brown & Brown, Inc.?
For more information, visit Brown & Brown's website at bbinsurance.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BRO Insider Trading Activity
$BRO insiders have traded $BRO stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $BRO stock by insiders over the last 6 months:
- HYATT J BROWN (Chairman) has made 0 purchases and 3 sales selling 553,568 shares for an estimated $60,886,430.
- R. ANDREW WATTS (EVP, CFO and Treasurer) sold 2,500 shares for an estimated $250,799
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$BRO Hedge Fund Activity
We have seen 414 institutional investors add shares of $BRO stock to their portfolio, and 316 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SELECT EQUITY GROUP, L.P. removed 3,560,516 shares (-27.1%) from their portfolio in Q3 2024, for an estimated $368,869,457
- APG ASSET MANAGEMENT N.V. removed 2,244,123 shares (-77.1%) from their portfolio in Q3 2024, for an estimated $232,491,142
- CAPITAL WORLD INVESTORS added 2,203,685 shares (+154.5%) to their portfolio in Q3 2024, for an estimated $228,301,766
- BLACKROCK, INC. added 1,251,111 shares (+7.5%) to their portfolio in Q3 2024, for an estimated $129,615,099
- MANUFACTURERS LIFE INSURANCE COMPANY, THE removed 1,037,927 shares (-29.7%) from their portfolio in Q3 2024, for an estimated $107,529,237
- GOBI CAPITAL LLC added 987,995 shares (+inf%) to their portfolio in Q3 2024, for an estimated $102,356,282
- INVESCO LTD. added 833,339 shares (+32.3%) to their portfolio in Q3 2024, for an estimated $86,333,920
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
DAYTONA BEACH, Fla., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces that the board of directors has declared a regular quarterly cash dividend of $0.15 per share. The dividend is payable on February 12, 2025, to shareholders of record on February 5, 2025.
About Brown & Brown, Inc.
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With over 17,000 teammates and 500+ locations worldwide, we are committed to providing innovative strategies to help protect what our customers value most. For more information or to find an office near you, please visit bbinsurance.com.
For more information:
R. Andrew Watts
Chief Financial Officer
(386) 239-5770