As Brown & Brown INC (BRO) Stock Rose, Shareholder Prospector Partners LLC Has Decreased Holding by $4.26 Million

Brown & Brown, Inc. (NYSE:BRO) LogoInvestors sentiment decreased to 0.93 in Q1 2019. Its down 0.17, from 1.1 in 2018Q4. It dived, as 17 investors sold BRO shares while 97 reduced holdings. 36 funds opened positions while 70 raised stakes. 193.20 million shares or 3.24% less from 199.66 million shares in 2018Q4 were reported. First Quadrant Ltd Partnership Ca reported 50,827 shares. First Trust Advsr Ltd Partnership, a Illinois-based fund reported 450,376 shares. Tower Rech Capital Ltd Company (Trc) invested in 0.01% or 7,519 shares. Spectrum Gp has invested 0.01% in Brown & Brown, Inc. (NYSE:BRO). Capital Fund Mgmt accumulated 0% or 9,278 shares. Southeast Asset Advsrs holds 0.47% or 58,976 shares in its portfolio. Price T Rowe Assocs Md reported 0.03% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). 83,069 were reported by Pnc Fincl Grp. Panagora Asset Mngmt holds 0% or 33,099 shares in its portfolio. Riverhead Capital Management invested in 35,780 shares or 0.04% of the stock. Citadel Advsr Ltd Liability Co invested in 2.86M shares. Advisory Network Ltd invested in 0.09% or 44,069 shares. The Georgia-based Earnest Prns has invested 0% in Brown & Brown, Inc. (NYSE:BRO). Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Brown & Brown, Inc. (NYSE:BRO). Pathstone Family Office Limited Liability Corp holds 0% or 350 shares.

Prospector Partners Llc decreased its stake in Brown & Brown Inc (BRO) by 14.73% based on its latest 2019Q1 regulatory filing with the SEC. Prospector Partners Llc sold 147,000 shares as the company’s stock rose 11.49% with the market. The institutional investor held 850,700 shares of the finance company at the end of 2019Q1, valued at $25.10 million, down from 997,700 at the end of the previous reported quarter. Prospector Partners Llc who had been investing in Brown & Brown Inc for a number of months, seems to be less bullish one the $9.87B market cap company. The stock increased 0.37% or $0.13 during the last trading session, reaching $34.99. About 725,348 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 16.45% since July 14, 2018 and is uptrending. It has outperformed by 12.02% the S&P500.

Analysts await Brown & Brown, Inc. (NYSE:BRO) to report earnings on July, 22. They expect $0.28 EPS, up 7.69 % or $0.02 from last year’s $0.26 per share. BRO’s profit will be $78.97M for 31.24 P/E if the $0.28 EPS becomes a reality. After $0.41 actual EPS reported by Brown & Brown, Inc. for the previous quarter, Wall Street now forecasts -31.71 % negative EPS growth.

More notable recent Brown & Brown, Inc. (NYSE:BRO) news were published by: Globenewswire.com which released: “Brown & Brown, Inc. Announces Authorization For Up to An Additional $372.5 Million Share Buyback – GlobeNewswire” on May 01, 2019, also Globenewswire.com with their article: “Brown & Brown, Inc. Announces the Asset Acquisition of Finance & Insurance Resources, Inc. – GlobeNewswire” published on September 05, 2018, Globenewswire.com published: “Brown & Brown, Inc. Announces 2-For-1 Stock Split – GlobeNewswire” on February 26, 2018. More interesting news about Brown & Brown, Inc. (NYSE:BRO) were released by: Globenewswire.com and their article: “Brown & Brown, Inc. Announces the Asset Acquisition of ALMEA Insurance, Inc. – GlobeNewswire” published on April 15, 2019 as well as Globenewswire.com‘s news article titled: “Brown & Brown, Inc. Announces 2019 Second-Quarter Earnings Release and Conference Call Dates – GlobeNewswire” with publication date: June 28, 2019.

Brown & Brown, Inc. (NYSE:BRO) Institutional Positions Chart

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