The Online Investor
BRO Buyback image

Brown & Brown, Inc. Buyback

OLI recorded this information on 5/1/2019

Company: Brown & Brown, Inc.
Buyback: BRO buyback
$Amount Authorized: $500,000,000
Buyback Details: Brown & Brown, Inc. (NYSE:BRO) (the "Company") today announced that as part of its disciplined capital allocation strategy, the Company's Board of Directors has authorized the purchasing of up to an additional $372.5 million of the Company's outstanding common stock. With this authorization, the Company will now have outstanding approval to purchase up to approximately $500 million, in the aggregate, of the Company's outstanding common stock. The shares will be repurchased from time to time, at the Company's discretion and subject to the availability of stock, market conditions, the trading price of the stock, alternative uses for capital, the Company's financial performance, the desire to reduce dilution from the Company's employee equity incentive plans, and other potential factors. These purchases may be carried out through open market purchases, block trades, accelerated share repurchase plans of up to $100 million each (unless otherwise approved by the Board of Directors), negotiated private transactions or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

Brown & Brown is an insurance agency, wholesale brokerage, insurance programs and service organization. Co.'s segments are: Retail, which provides a range of insurance products and services, and as non-insurance services and products; National Programs, which provides professional liability and related package products, a range of insurance products, flood coverage, and targeted products and services; Wholesale Brokerage, which markets and sells excess and surplus commercial and personal lines insurance; and Services, which provides insurance-related services, including third-party claims administration and adjusting services, and medical utilization management services.

BRO SEC Filing Email Alerts Service

Open the BRO Page at The Online Investor »

Company Name: 
Brown & Brown Inc
Stock buyback: 
BRO buyback
Insurance Brokers
Number of ETFs Holding BRO: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

Open the BRO Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree BRO Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Buy (2.56 out of 4)
1st percentile
(ranked lower than approx. 99% of all stocks covered)

Analysts' Target Price:
BRO Stock Forecast

Based on Zacks ABR data;
powered by Xignite

BRO Buyback Page |

Copyright © 1998 - 2022, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.