Rr Advisors Has Raised Mv Oil Trust (MVO) Position by $420,000; Brown & Brown (BRO) Shareholder Fenimore Asset Management Raised Position by $35.32 Million as Market Valuation Rose

June 10, 2018 - By Louis Casey

Brown & Brown, Inc. (NYSE:BRO) Logo

Fenimore Asset Management Inc increased its stake in Brown & Brown Inc. (BRO) by 98.19% based on its latest 2018Q1 regulatory filing with the SEC. Fenimore Asset Management Inc bought 1.41 million shares as the company’s stock rose 4.20% while stock markets declined. The institutional investor held 2.85 million shares of the finance company at the end of 2018Q1, valued at $72.54 million, up from 1.44 million at the end of the previous reported quarter. Fenimore Asset Management Inc who had been investing in Brown & Brown Inc. for a number of months, seems to be bullish on the $7.87 billion market cap company. The stock increased 1.28% or $0.36 during the last trading session, reaching $28.48. About 661,925 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 29.47% since June 10, 2017 and is uptrending. It has outperformed by 16.90% the S&P500. Some Historical BRO News: 19/04/2018 – DJ Brown & Brown Inc, Inst Holders, 1Q 2018 (BRO); 23/04/2018 – Brown & Brown 1Q Rev $501.5M; 01/05/2018 – BROWN & BROWN, IN PACT TO BUY SERVCO PACIFIC INSURANCE; 23/04/2018 – Brown & Brown 1Q EPS 32c; 01/05/2018 – Brown & Brown: Servco Pacific Transaction Expected to Close in June 2018

Rr Advisors Llc increased its stake in Mv Oil Trust (MVO) by 12.15% based on its latest 2018Q1 regulatory filing with the SEC. Rr Advisors Llc bought 60,000 shares as the company’s stock rose 27.99% while stock markets declined. The institutional investor held 554,000 shares of the oil & gas production company at the end of 2018Q1, valued at $4.36M, up from 494,000 at the end of the previous reported quarter. Rr Advisors Llc who had been investing in Mv Oil Trust for a number of months, seems to be bullish on the $115.92M market cap company. The stock increased 0.20% or $0.02 during the last trading session, reaching $10.08. About 12,513 shares traded. MV Oil Trust (NYSE:MVO) has risen 59.84% since June 10, 2017 and is uptrending. It has outperformed by 47.27% the S&P500. Some Historical MVO News: 14/03/2018 MV Oil Trust Files 2017 Annual Report on Form 10-K; 05/04/2018 – MV Oil Trust Announces Trust First Quarter Distribution

Since March 13, 2018, it had 0 insider buys, and 1 sale for $7.40 million activity.

Fenimore Asset Management Inc, which manages about $2.04 billion and $2.59 billion US Long portfolio, decreased its stake in Berkshire Hathaway Inc. B (BRKB) by 1,625 shares to 141,279 shares, valued at $28.18M in 2018Q1, according to the filing. It also reduced its holding in Waters Corporation (NYSE:WAT) by 4,920 shares in the quarter, leaving it with 292,905 shares, and cut its stake in Xilinx Inc. (NASDAQ:XLNX).

Investors sentiment increased to 7.35 in 2018 Q1. Its up 6.37, from 0.98 in 2017Q4. It improved, as 13 investors sold BRO shares while 18 reduced holdings. 50 funds opened positions while 178 raised stakes. 384.28 million shares or 295.49% more from 97.17 million shares in 2017Q4 were reported. Art Advisors Ltd Liability accumulated 0.03% or 28,400 shares. Shelton Cap holds 0.03% of its portfolio in Brown & Brown, Inc. (NYSE:BRO) for 16,360 shares. Laurion Capital Management L P, a New York-based fund reported 125,422 shares. Hermes Invest Mgmt Ltd stated it has 1.95 million shares or 0.72% of all its holdings. New York State Teachers Retirement Systems holds 0.02% or 377,136 shares in its portfolio. Legal General Group Public Limited Liability Com invested in 1.10M shares or 0.02% of the stock. 52,410 are held by Teacher Retirement Sys Of Texas. Fifth Third Commercial Bank owns 115 shares or 0% of their US portfolio. Moreover, Retirement Of Alabama has 0.04% invested in Brown & Brown, Inc. (NYSE:BRO). Centaur Prns Lp has 6.32% invested in Brown & Brown, Inc. (NYSE:BRO). Bb&T Ltd has 76,783 shares. State Of Tennessee Treasury Department holds 0.02% or 140,000 shares. Credit Agricole S A reported 81,466 shares. Suntrust Banks reported 8,548 shares. Capital Fund Mngmt Sa holds 0.01% in Brown & Brown, Inc. (NYSE:BRO) or 89,000 shares.

More recent Brown & Brown, Inc. (NYSE:BRO) news were published by: Bizjournals.com which released: “Central Florida insurance giant Brown & Brown strikes a deal” on June 06, 2018. Also Nasdaq.com published the news titled: “Brown & Brown, Inc. Announces the Asset Acquisition of Automotive Development Group, LLC” on May 14, 2018. Globenewswire.com‘s news article titled: “Report: Developing Opportunities within Stifel Financial, Cenovus Energy, Brown & Brown, Dover, Affiliated Managers …” with publication date: May 31, 2018 was also an interesting one.

Among 15 analysts covering Brown & Brown (NYSE:BRO), 3 have Buy rating, 3 Sell and 9 Hold. Therefore 20% are positive. Brown & Brown had 57 analyst reports since August 24, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Market Perform” rating in Wednesday, January 13 report. Suntrust Robinson downgraded the shares of BRO in report on Thursday, January 7 to “Neutral” rating. The stock of Brown & Brown, Inc. (NYSE:BRO) earned “Hold” rating by SunTrust on Friday, October 13. The stock has “Hold” rating by RBC Capital Markets on Monday, June 12. The stock has “Market Perform” rating by William Blair on Monday, March 21. The rating was downgraded by Barclays Capital to “Underweight” on Thursday, January 7. The firm earned “Hold” rating on Monday, December 4 by Keefe Bruyette & Woods. The stock of Brown & Brown, Inc. (NYSE:BRO) earned “Neutral” rating by JP Morgan on Friday, December 16. Citigroup maintained the stock with “Neutral” rating in Thursday, July 13 report. The rating was maintained by Wells Fargo on Tuesday, August 15 with “Hold”.

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

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