Running Oak Capital LLC increased its stake in Brown & Brown, Inc. (NYSE:BRO), and the company declared a $0.15 quarterly dividend, maintaining steady shareholder returns. Shareholders anticipate Q4 earnings forecasts and key metrics with the company outperforming despite Chilton D. Varner's departure. Brown & Brown's third-quarter 2024 results have shown strong growth with total revenues of $1.2 billion, up 11.0%, and diluted net income per share of $0.81.
Stake increases were also recorded from Fenimore Asset Management, Spring Capital Management LLC, and Avanza Fonder AB. The company has completed acquisitions that included the assets of The Canopy Group and Quintes Holding B.V. Brown & Brown's financial prospects and Q3 earnings indicate positive trajectory, further boosted by Chief Financial Officer Andy Watts' acceptance into the Forbes Finance Council and the acquisition of McNamara Company.
The company shows robust stock performance and recently announced a 15% increase in quarterly cash dividend rates. The company has made strong leadership appointments and continues to be controlled by institutional shareholders holding 73% of the company.
Critical acquisitions including assets of Hillco Insurance and strategic partnerships have positioned Brown & Brown for improved long-term sustainability.
Brown Brown BRO News Analytics from Fri, 30 Nov 2018 20:20:08 GMT to Sat, 25 Jan 2025 15:00:39 GMT - Rating 8 - Innovation 7 - Information 8 - Rumor 5
