GenTrust LLC has acquired a new stake of 16,994 shares in Brown & Brown, Inc. (NYSE:BRO), valued at approximately $1.59 million, bringing institutional ownership of the stock to about 71.01%. Despite the stock trading near its 52-week low and recent analyst downgrades, the company exceeded EPS estimates in its latest earnings report, though revenue fell short. Brown & Brown also announced a quarterly dividend, with a current payout ratio of 20.63%.
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16,994 Shares in Brown & Brown, Inc. $BRO Bought by GenTrust LLC
GenTrust LLC has acquired a new stake of 16,994 shares in Brown & Brown, Inc. (NYSE:BRO), valued at approximately $1.59 million, bringing institutional ownership of the stock to about 71.01%. Despite the stock trading near its 52-week low and recent analyst downgrades, the company exceeded EPS estimates in its latest earnings report, though revenue fell short. Brown & Brown also announced a quarterly dividend, with a current payout ratio of 20.63%.