BROWN HYATT J

BRO Chairman Brown sells 418,928 shares for $46.8M at $111.75; post-transaction holds 36.0M shares

Brown & Brown Chairman Brown executed 2 separate sales totaling 418,928 shares for $46,815,204.00 on 2024-11-25 and 2024-11-26, reducing holdings from 36.42M to 36.0M shares (a -1.2% reduction). The blended sale price of $111.75 occurred within 1.9% of the 52-week high of $113.42, and within a 30-day context of +9.1% upward price movement. Against his cross-ticker track record of 6 prior sells with an average 90-day return of +4.7% and a 0.00% well-timed rate, the incumbent trade had insufficient time for measurement. However, his prior sales at BRO (5 transactions across March and August 2024) consistently showed negative 30-day returns averaging -3.8% and positive 90-day returns averaging +4.9%, indicating prior sales at this ticker were poorly timed (stock subsequently rose). The current filing occurs at elevated valuation (P/E 30.82) and near the 52-week high, providing limited margin-of-safety context.

Chairman BROWN HYATT J sold 134.6K shares of BRO for $14.1M on 2024-08-29, exiting full position

BROWN HYATT J, the Chairman of Brown & Brown Inc., sold 134.6K shares at $104.51 on 2024-08-29, eliminating his entire equity stake of 134,640 shares. The complete liquidation at a price near the 52-week high of $105.13 occurs after the stock rose 5.7% in 30 days and 17.4% in 90 days. Examining his same-ticker history at BRO, his 5 prior sales between March and August resulted in 90-day returns of +5.4%, +5.1%, +4.3%, +4.4%, and +4.2% respectively—all positive, meaning the stock consistently rose after each sale. This 0% well-timed sell rate at BRO (zero of five prior sells preceded a decline) stands in contrast to the timing of the current sale, which follows strong momentum. The company reports Q3 revenue of $1.2B and net income of $257.0M with 19.1% annual revenue growth; the stock trades at a P/E of 30.12 with a market cap of $30.0B. The full exit by the Chairman warrants investor attention given the complete position liquidation, though the absence of a scheduled trading plan flag and the elevated recent price action require clarification on whether this reflects a discrete portfolio decision.