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Lawerence L. Gellerstedt, III net worth and biography

Lawerence Gellerstedt, III Biography and Net Worth

Director of Brown & Brown

Mr. Gellerstedt has served as Chairman of the Board and Chief Executive Officer of Cousins Properties Incorporated (Cousins) since July 2017. He previously served Cousins from July 2009 to July 2017 as President and Chief Executive Officer, during which period he led Cousins from an equity market cap of $665 million to over $3.8 billion. Prior to this time, he held other roles at Cousins, including President and Chief Operating Officer, Executive Vice President and Chief Development Officer, and Senior Vice President and President of the Office/Multi-Family Division. Mr. Gellerstedt joined Cousins in 2005 following the acquisition of his firm, The Gellerstedt Group.

Mr. Gellerstedt began his career at Beers Construction Company (Beers) in 1978 as an estimator and project manager. Eight years later, he became Chairman and Chief Executive Officer of Beers and led the company to annual revenues in excess of $1.2 billion and the company’s eventual sale to Skanska AB. He also has held positions as President and Chief Operating Officer of The Integral Group, recognized nationally for its visionary urban mixed-use development, and as Chairman and Chief Executive Officer of American Business Products, a NYSE-listed manufacturer of packaging and printed office products.

Mr. Gellerstedt holds a degree from the University of North Carolina at Chapel Hill. In addition to his roles at Cousins, Mr. Gellerstedt serves as Director, Georgia Power Company; Chairman, Atlanta Committee for Progress, Georgia Research Alliance and Jesse Parker Williams Foundation; Vice Chairman, Robert W. Woodruff Foundation; and Chair Emeritus, Metro Atlanta Chamber. Mr. Gellerstedt has received numerous accolades, including Atlanta American Jewish Committee National Human Relations of the Year Award, Atlanta Business Chronicle Most Admired CEO, Georgia Trend magazine’s Georgia’s Most Admired CEO and 100 Most Influential Georgians.

What is Lawerence L. Gellerstedt, III's net worth?: The estimated net worth of Lawerence L. Gellerstedt, III is at least $1.34 million as of February 10th, 2023. Mr. Gellerstedt, III owns 16,284 shares of Brown & Brown stock worth more than $1,337,405 as of April 25th. This net worth estimate does not reflect any other investments that Mr. Gellerstedt, III may own. Learn More about Lawerence L. Gellerstedt, III's net worth.
How do I contact Lawerence L. Gellerstedt, III?: The corporate mailing address for Mr. Gellerstedt, III and other Brown & Brown executives is 220 South Ridgewood Avenue, Daytona Beach FL, 32114. Brown & Brown can also be reached via phone at (386) 252-9601. Learn More on Lawerence L. Gellerstedt, III's contact information.
Has Lawerence L. Gellerstedt, III been buying or selling shares of Brown & Brown?: Lawerence L. Gellerstedt, III has not been actively trading shares of Brown & Brown during the past quarter. Most recently, on Friday, February 10th, Lawrence L. Gellerstedt III bought 3,400 shares of Brown & Brown stock. The stock was acquired at an average cost of $57.92 per share, with a total value of $196,928.00. Following the completion of the transaction, the director now directly owns 16,284 shares of the company's stock, valued at $943,169.28. Learn More on Lawerence L. Gellerstedt, III's trading history.
Who are Brown & Brown's active insiders?: Brown & Brown's insider roster includes Stephen Boyd (EVP), Hugh Brown (Director), Hyatt Brown (Chairman), Lawerence Gellerstedt, III (Director), James Hays (Director), Robert Lloyd (EVP), Bronislaw Masojada (Director), and H. Proctor, Jr. (Director). Learn More on Brown & Brown's active insiders.
Are insiders buying or selling shares of Brown & Brown?: In the last twelve months, Brown & Brown insiders bought shares 1 times. They purchased a total of 4,000 shares worth more than $263,120.00. In the last twelve months, insiders at the financial services provider sold shares 3 times. They sold a total of 146,824 shares worth more than $12,582,670.74. The most recent insider tranaction occured on March, 12th when Chairman Hyatt J Brown sold 144,323 shares worth more than $12,406,005.08. Insiders at Brown & Brown own 16.4% of the company. Learn More about insider trades at Brown & Brown.
Information on this page was last updated on 3/12/2024.

Lawerence L. Gellerstedt, III Insider Trading History at Brown & Brown

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
2/10/2023	Buy	3,400	$57.92	$196,928.00	16,284
5/19/2022	Buy	1,800	$54.95	$98,910.00	12,884
5/3/2022	Buy	1,670	$59.99	$100,183.30	7,727

Lawerence L. Gellerstedt, III Buying and Selling Activity at Brown & Brown

Brown & Brown Company Overview

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services. It serves commercial, public and quasi-public entities, professional, and individual customers. The National Programs segment offers professional liability and related package insurance products for dentistry, legal, eyecare, insurance, financial, physicians, real estate title professionals, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also provides public entity-related and specialty programs through a network of independent agents; and program management services for insurance carrier partners. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance through independent agents and brokers. The Services segment offers third-party claims administration and medical utilization management services in the workers' compensation and all-lines liability arenas, Medicare Set-aside, Social Security disability, Medicare benefits advocacy, and claims adjusting services. Brown & Brown, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.

Today's Range

Now: $82.13

$81.69

$82.88

50 Day Range

MA: $84.30

$80.62

$87.54

2 Week Range

Now: $82.13

$60.00

$87.99

Volume

1,518,108 shs

Average Volume

1,233,071 shs

Market Capitalization

$23.43 billion

P/E Ratio

25.27

Dividend Yield

0.63%

Beta

0.78