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Insider Trends: Brown & Brown Insider Extends 90-Day Selling Trend

05/07/2021 13:15

05:02 PM EDT, 05/07/2021 (MT Newswires) -- Robert W Lloyd, EVP, Secy, General Counsel, on May 06, 2021, sold 9,629 shares in Brown & Brown (BRO) for $515,344. Subsequent to the Form 4 filing with the SEC, Lloyd has 30,904 shares of company stock, which have a market value of $1.65 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 22 insider transactions reported to the SEC for Brown & Brown. These transactions came from the activities of 10 individual insiders that resulted in a net disposition of 781,959 company shares. This compares with the preceding 90-day window of time where there were 3 transactions from 2 insiders that resulted in the net disposition of 135 shares.

This level of insider transactions is below that of the peer group average in the 9-company Insurance Brokers peer group over the last 90-day period. Peer group activity averaged 358.1 transactions per company, and disposition of 236,968 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/79282/000120919121030960/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.