Posted On: 04/19/2014 1:49:11 PM
Post# of 273336
Brown & Brown (BRO) 30.11 $BRO
Brown & Brown, Inc. Announces New Credit Facility
Marketwire - Thu Apr 17, 8:18AM CDT
Brown & Brown, Inc. (the "Company"
(NYSE: BRO) today announced its entry into a five-year $1.35 billion unsecured credit facility. The credit agreement provides for a revolving credit facility in an aggregate amount up to $800 million and term loans in an aggregate amount of $550 million. The Company may request, at the option of participating lenders, an additional $500 million of funding capacity within the facility. Interest is charged on a sliding net leverage scale and will initially be priced at LIBOR plus 137.5 basis points. The revolving facility is repayable in five years and the term loans are repayable over the five-year term from the date of first funding, which is expected to occur in May 2014 in connection with the closing of the Company's previously announced acquisition of the Wright Insurance Group.
Aon Ups Dividend by 43% - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Apr 14, 6:00PM CDT
In keeping with this annual hike, management declared a quarterly cash dividend of 25 cents per share, higher than 18 cents paid earlier.
Brown & Brown, Inc. Announces 2014 First-Quarter Earnings Release and Conference Call Dates
Marketwire - Fri Apr 04, 4:41PM CDT
Brown & Brown, Inc. (NYSE: BRO) announces that it will release its 2014 first-quarter earnings on Monday, April 21, 2014, after the close of the market. On Tuesday, April 22, 2014, J. Powell Brown, President and Chief Executive Officer, and R. Andrew Watts, Executive Vice President and Chief Financial Officer of Brown & Brown, Inc., will host an investor update conference call concerning Brown & Brown's first-quarter 2014 financial results. You are invited to listen to the call, which will be broadcast live on Brown & Brown's Internet site at 8:30 a.m. EDT. Simply log on to www.bbinsurance.com and click on "Investor Relations" and then "Calendar of Events."
eHealth Approves $50M Share Buyback - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Apr 01, 4:05PM CDT
The board of directors of eHealth has authorized the company to repurchase $50 million common shares.
Brookemont Evaluating Agriculture, Medical, Pharmaceutical, Resources and Real Estate Opportunities
Marketwire - Mon Mar 24, 2:02AM CDT
Brookemont Capital Inc. ("BKT", "Brookemont" or the "Company" (TSX VENTURE: BKT)(PINKSHEETS: BKTPF)(FRANKFURT: BRO) wishes to announce that management will be actively pursuing additional corporate growth drivers. The new areas that will be investigated will potentially include, but will not be limited to, agriculture, medical, pharmaceutical, resources and real estate. At this time no new project has been contemplated and there is no guarantee that one will be completed.
Technical Update - Financials Stocks: Aon PLC, Brown & Brown, Willis Group Holdings, and Arthur J. Gallagher & Co.
PR Newswire - Fri Mar 14, 7:14AM CDT
On Thursday, March 13, 2014, the NASDAQ Composite ended at 4,260.42, down 1.46%, the Dow Jones Industrial Average declined 1.41% to 16,108.89, and the S&P 500 closed at 1,846.34, down 1.17%. The losses were broad based as nine out of ten sectors declined during the session. The S&P 500 Financials Sector Index finished the day at 294.97, down 1.16%, while the same has gained 1.44% in the last one month. Investor-Edge.com has initiated coverage on the following equities: Aon PLC (NYSE: AON), Brown & Brown Inc. (NYSE: BRO), Willis Group Holdings PLC (NYSE: WSH), and Arthur J. Gallagher & Company (NYSE: AJG). Free research on these four companies can be accessed at:
CNinsure Crafts a 52-Week High - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Mar 13, 9:20AM CDT
On Mar 12, 2014, shares of CNinsure Inc. reached a new 52-week high of $9.42.
Decus Insurance Brokers, Limited Announces the Appointment of Ross Ballantyne as CEO
Marketwire - Wed Mar 12, 9:02AM CDT
Decus Insurance Brokers, Limited ("Decus" today announced Ross Ballantyne has been elected CEO of the Company effective 1 March 2014. Mr. Ballantyne will oversee all of the operations of Decus and report to Neal Abernathy, Chairman of Decus.
Brookemont Encounters Large Conductive Anomaly on the Kenagami Hydrothermal Graphite Prospect
Marketwire - Wed Mar 12, 2:02AM CDT
Brookemont Capital Inc. ("BKT", "Brookemont" or the "Company" (TSX VENTURE: BKT)(PINKSHEETS: BKTPF)(FRANKFURT: BRO) wishes to announce it has discovered a large TDEM conductive anomaly on the Kenagami Hydrothermal Graphite prospect in Ontario. This anomaly measures approximately 800 metres by 500 metres and was outlined using the airborne survey recently completed by Brookemont.
XL Group and American Specialty Insurance & Risk Sign Agreement to Serve Sports & Entertainment Industry
PR Newswire - Tue Mar 11, 1:00PM CDT
XL Group's North America Programs business and American Specialty Insurance & Risk Services, Inc., today announced a new joint underwriting agreement to offer insurance programs for sports and entertainment industries.
Symbility's Estimating Software Adopted by ICA
Marketwire - Mon Feb 24, 7:03AM CST
Symbility Solutions Inc.(R) (TSX VENTURE: SY)(OTCQX: ATBEF), provider of cloud-based and smartphone/tablet-enabled claims technology using the most comprehensive data for the property and casualty insurance industry, is pleased to announce that ICA, LP ("ICA", a wholly owned subsidiary of Brown & Brown, Inc. (NYSE: BRO) and a nationally recognized adjusting company servicing the United States, has signed a multi-year contract to integrate Symbility's claims settlement technology into its operations.
Brown & Brown, Inc. Announces the Selection of New Executive Vice President, Treasurer and Future Chief Financial Officer R. Andrew Watts
Marketwire - Mon Feb 17, 10:32AM CST
Brown & Brown, Inc. (NYSE: BRO) today announced the selection of R. Andrew Watts as Executive Vice President, Treasurer and Chief Financial Officer. Mr. Watts, formerly Global Head of Customer Administration for the Financial and Risk Division of Thomson Reuters, will assume the responsibilities of Executive Vice President and Treasurer effective immediately, and will replace the current Chief Financial Officer, Cory Walker, in March 2014, upon Mr. Walker's previously announced retirement following the filing of the Company's 2013 Annual Report on Form 10-K. Mr. Watts will be based in Daytona Beach, Florida, and will report to J. Powell Brown, the Company's President and Chief Executive Officer.
Willis Group Misses on Earnings; Ups Div & Plans Buyback - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Feb 12, 8:20AM CST
Willis Group's fourth-quarter adjusted income of 42 cents per share missed the Zacks Consensus Estimate by 6 cents and down 6.7% year over year. It increased dividend by 7% and plans a $200 million buyback.
Crawford Advisors Appoints Jason Kurtz as Managing Director, Candy Ruggieri as Senior Account Manager
PRWeb - Wed Feb 12, 3:05AM CST
Crawford Advisors, LLC, one of the nation's largest full-service benefits consulting and brokerage firms, is pleased to announce the appointment of Jason M. Kurtz as managing director and Candy Ruggieri as senior account manager.
Brown & Brown OKs $25M Share Buyback - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Feb 10, 4:40PM CST
The board of directors of Brown & Brown, Inc. authorized the company to repurchase upto $25 million worth of shares.
Brown & Brown, Inc. Authorizes Stock Repurchases
Marketwire - Thu Feb 06, 3:15PM CST
Brown & Brown, Inc. (NYSE: BRO) today announced that its Board of Directors has authorized the repurchase of up to $25 million worth of shares of the Company's common stock during the next twenty-four months. The shares will be repurchased primarily to reduce dilution from the Company's employee equity incentive plans. Also, the shares may be repurchased from time to time, at the Company's discretion and subject to stock market conditions, the trading price of the stock, alternative uses for capital, the Company's financial performance and other potential factors. These repurchases may be carried out through open market purchases, block trades, negotiated private transactions, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. Any repurchased shares will be held as authorized but unissued shares and will be available for general corporate purposes.
Upgrade Alert for Brown & Brown (BRO)
Comtex SmarTrend(R) - Thu Feb 06, 7:07AM CST
Brown & Brown (NYSE:BRO) was upgraded from Sector Perform to Outperform at Portales today. The stock closed yesterday at $28.81 on volume of 3.3 million shares, above average daily volume of 1.3 million. Brown & Brown, Inc. and its subsidiaries provide a range of insurance and reinsurance products and services. The Company also provides risk management, employee benefit administration, and managed health care services. Brown & Brown operates offices across the United States.
Brown & Brown, Inc. Announces New Credit Facility
Marketwire - Thu Apr 17, 8:18AM CDT
Brown & Brown, Inc. (the "Company"
(NYSE: BRO) today announced its entry into a five-year $1.35 billion unsecured credit facility. The credit agreement provides for a revolving credit facility in an aggregate amount up to $800 million and term loans in an aggregate amount of $550 million. The Company may request, at the option of participating lenders, an additional $500 million of funding capacity within the facility. Interest is charged on a sliding net leverage scale and will initially be priced at LIBOR plus 137.5 basis points. The revolving facility is repayable in five years and the term loans are repayable over the five-year term from the date of first funding, which is expected to occur in May 2014 in connection with the closing of the Company's previously announced acquisition of the Wright Insurance Group. Aon Ups Dividend by 43% - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Apr 14, 6:00PM CDT
In keeping with this annual hike, management declared a quarterly cash dividend of 25 cents per share, higher than 18 cents paid earlier.
Brown & Brown, Inc. Announces 2014 First-Quarter Earnings Release and Conference Call Dates
Marketwire - Fri Apr 04, 4:41PM CDT
Brown & Brown, Inc. (NYSE: BRO) announces that it will release its 2014 first-quarter earnings on Monday, April 21, 2014, after the close of the market. On Tuesday, April 22, 2014, J. Powell Brown, President and Chief Executive Officer, and R. Andrew Watts, Executive Vice President and Chief Financial Officer of Brown & Brown, Inc., will host an investor update conference call concerning Brown & Brown's first-quarter 2014 financial results. You are invited to listen to the call, which will be broadcast live on Brown & Brown's Internet site at 8:30 a.m. EDT. Simply log on to www.bbinsurance.com and click on "Investor Relations" and then "Calendar of Events."
eHealth Approves $50M Share Buyback - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Apr 01, 4:05PM CDT
The board of directors of eHealth has authorized the company to repurchase $50 million common shares.
Brookemont Evaluating Agriculture, Medical, Pharmaceutical, Resources and Real Estate Opportunities
Marketwire - Mon Mar 24, 2:02AM CDT
Brookemont Capital Inc. ("BKT", "Brookemont" or the "Company"
(TSX VENTURE: BKT)(PINKSHEETS: BKTPF)(FRANKFURT: BRO) wishes to announce that management will be actively pursuing additional corporate growth drivers. The new areas that will be investigated will potentially include, but will not be limited to, agriculture, medical, pharmaceutical, resources and real estate. At this time no new project has been contemplated and there is no guarantee that one will be completed. Technical Update - Financials Stocks: Aon PLC, Brown & Brown, Willis Group Holdings, and Arthur J. Gallagher & Co.
PR Newswire - Fri Mar 14, 7:14AM CDT
On Thursday, March 13, 2014, the NASDAQ Composite ended at 4,260.42, down 1.46%, the Dow Jones Industrial Average declined 1.41% to 16,108.89, and the S&P 500 closed at 1,846.34, down 1.17%. The losses were broad based as nine out of ten sectors declined during the session. The S&P 500 Financials Sector Index finished the day at 294.97, down 1.16%, while the same has gained 1.44% in the last one month. Investor-Edge.com has initiated coverage on the following equities: Aon PLC (NYSE: AON), Brown & Brown Inc. (NYSE: BRO), Willis Group Holdings PLC (NYSE: WSH), and Arthur J. Gallagher & Company (NYSE: AJG). Free research on these four companies can be accessed at:
CNinsure Crafts a 52-Week High - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Mar 13, 9:20AM CDT
On Mar 12, 2014, shares of CNinsure Inc. reached a new 52-week high of $9.42.
Decus Insurance Brokers, Limited Announces the Appointment of Ross Ballantyne as CEO
Marketwire - Wed Mar 12, 9:02AM CDT
Decus Insurance Brokers, Limited ("Decus"
today announced Ross Ballantyne has been elected CEO of the Company effective 1 March 2014. Mr. Ballantyne will oversee all of the operations of Decus and report to Neal Abernathy, Chairman of Decus. Brookemont Encounters Large Conductive Anomaly on the Kenagami Hydrothermal Graphite Prospect
Marketwire - Wed Mar 12, 2:02AM CDT
Brookemont Capital Inc. ("BKT", "Brookemont" or the "Company"
(TSX VENTURE: BKT)(PINKSHEETS: BKTPF)(FRANKFURT: BRO) wishes to announce it has discovered a large TDEM conductive anomaly on the Kenagami Hydrothermal Graphite prospect in Ontario. This anomaly measures approximately 800 metres by 500 metres and was outlined using the airborne survey recently completed by Brookemont. XL Group and American Specialty Insurance & Risk Sign Agreement to Serve Sports & Entertainment Industry
PR Newswire - Tue Mar 11, 1:00PM CDT
XL Group's North America Programs business and American Specialty Insurance & Risk Services, Inc., today announced a new joint underwriting agreement to offer insurance programs for sports and entertainment industries.
Symbility's Estimating Software Adopted by ICA
Marketwire - Mon Feb 24, 7:03AM CST
Symbility Solutions Inc.(R) (TSX VENTURE: SY)(OTCQX: ATBEF), provider of cloud-based and smartphone/tablet-enabled claims technology using the most comprehensive data for the property and casualty insurance industry, is pleased to announce that ICA, LP ("ICA"
, a wholly owned subsidiary of Brown & Brown, Inc. (NYSE: BRO) and a nationally recognized adjusting company servicing the United States, has signed a multi-year contract to integrate Symbility's claims settlement technology into its operations. Brown & Brown, Inc. Announces the Selection of New Executive Vice President, Treasurer and Future Chief Financial Officer R. Andrew Watts
Marketwire - Mon Feb 17, 10:32AM CST
Brown & Brown, Inc. (NYSE: BRO) today announced the selection of R. Andrew Watts as Executive Vice President, Treasurer and Chief Financial Officer. Mr. Watts, formerly Global Head of Customer Administration for the Financial and Risk Division of Thomson Reuters, will assume the responsibilities of Executive Vice President and Treasurer effective immediately, and will replace the current Chief Financial Officer, Cory Walker, in March 2014, upon Mr. Walker's previously announced retirement following the filing of the Company's 2013 Annual Report on Form 10-K. Mr. Watts will be based in Daytona Beach, Florida, and will report to J. Powell Brown, the Company's President and Chief Executive Officer.
Willis Group Misses on Earnings; Ups Div & Plans Buyback - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Feb 12, 8:20AM CST
Willis Group's fourth-quarter adjusted income of 42 cents per share missed the Zacks Consensus Estimate by 6 cents and down 6.7% year over year. It increased dividend by 7% and plans a $200 million buyback.
Crawford Advisors Appoints Jason Kurtz as Managing Director, Candy Ruggieri as Senior Account Manager
PRWeb - Wed Feb 12, 3:05AM CST
Crawford Advisors, LLC, one of the nation's largest full-service benefits consulting and brokerage firms, is pleased to announce the appointment of Jason M. Kurtz as managing director and Candy Ruggieri as senior account manager.
Brown & Brown OKs $25M Share Buyback - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Feb 10, 4:40PM CST
The board of directors of Brown & Brown, Inc. authorized the company to repurchase upto $25 million worth of shares.
Brown & Brown, Inc. Authorizes Stock Repurchases
Marketwire - Thu Feb 06, 3:15PM CST
Brown & Brown, Inc. (NYSE: BRO) today announced that its Board of Directors has authorized the repurchase of up to $25 million worth of shares of the Company's common stock during the next twenty-four months. The shares will be repurchased primarily to reduce dilution from the Company's employee equity incentive plans. Also, the shares may be repurchased from time to time, at the Company's discretion and subject to stock market conditions, the trading price of the stock, alternative uses for capital, the Company's financial performance and other potential factors. These repurchases may be carried out through open market purchases, block trades, negotiated private transactions, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. Any repurchased shares will be held as authorized but unissued shares and will be available for general corporate purposes.
Upgrade Alert for Brown & Brown (BRO)
Comtex SmarTrend(R) - Thu Feb 06, 7:07AM CST
Brown & Brown (NYSE:BRO) was upgraded from Sector Perform to Outperform at Portales today. The stock closed yesterday at $28.81 on volume of 3.3 million shares, above average daily volume of 1.3 million. Brown & Brown, Inc. and its subsidiaries provide a range of insurance and reinsurance products and services. The Company also provides risk management, employee benefit administration, and managed health care services. Brown & Brown operates offices across the United States.
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