As Golar Lng LTD (Usd) (GLNG) Market Value Rose, Capital Research Global Investors Has Trimmed Position; As Brown & Brown (BRO) Valuation Declined, Prospector Partners Lifted Its Stake

February 15, 2018 - By Steve Bissell

Capital Research Global Investors decreased its stake in Golar Lng Ltd (Usd) (GLNG) by 21.49% based on its latest 2017Q3 regulatory filing with the SEC. Capital Research Global Investors sold 2.54 million shares as the company’s stock rose 4.44% with the market. The institutional investor held 9.27M shares of the marine transportation company at the end of 2017Q3, valued at $209.51 million, down from 11.80 million at the end of the previous reported quarter. Capital Research Global Investors who had been investing in Golar Lng Ltd (Usd) for a number of months, seems to be less bullish one the $2.91B market cap company. The stock decreased 0.07% or $0.02 during the last trading session, reaching $28.77. About 69,195 shares traded. Golar LNG Limited (NASDAQ:GLNG) has risen 61.34% since February 15, 2017 and is uptrending. It has outperformed by 44.64% the S&P500.

Prospector Partners Llc increased its stake in Brown & Brown Inc (BRO) by 9.86% based on its latest 2017Q3 regulatory filing with the SEC. Prospector Partners Llc bought 44,500 shares as the company’s stock declined 4.10% while stock markets rallied. The institutional investor held 496,000 shares of the finance company at the end of 2017Q3, valued at $23.90 million, up from 451,500 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 bullish on the $7.31B market cap company. The stock increased 0.92% or $0.48 during the last trading session, reaching $52.92. About 20,595 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 19.69% since February 15, 2017 and is uptrending. It has outperformed by 2.99% the S&P500.

Among 14 analysts covering Brown & Brown (NYSE:BRO), 2 have Buy rating, 3 Sell and 9 Hold. Therefore 14% are positive. Brown & Brown had 48 analyst reports since August 24, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Friday, February 9 with “Sell”. RBC Capital Markets maintained the shares of BRO in report on Monday, June 12 with “Hold” rating. The firm has “Hold” rating given on Monday, October 24 by Deutsche Bank. Keefe Bruyette & Woods maintained the shares of BRO in report on Friday, June 2 with “Hold” rating. On Thursday, August 17 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock has “Neutral” rating by Compass Point on Wednesday, July 20. The company was maintained on Monday, July 17 by RBC Capital Markets. Citigroup maintained Brown & Brown, Inc. (NYSE:BRO) on Thursday, July 13 with “Neutral” rating. Keefe Bruyette & Woods maintained Brown & Brown, Inc. (NYSE:BRO) on Wednesday, January 13 with “Market Perform” rating. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”.

Investors sentiment decreased to 1.16 in Q3 2017. Its down 0.13, from 1.29 in 2017Q2. It is negative, as 20 investors sold BRO shares while 79 reduced holdings. 32 funds opened positions while 83 raised stakes. 99.49 million shares or 0.74% less from 100.23 million shares in 2017Q2 were reported. Thrivent Financial For Lutherans has invested 0.02% in Brown & Brown, Inc. (NYSE:BRO). 83 are owned by Carroll Fincl Assoc. Michigan-based Arcadia Inv Mngmt Corp Mi has invested 0.01% in Brown & Brown, Inc. (NYSE:BRO). Weiss Multi has invested 0.37% in Brown & Brown, Inc. (NYSE:BRO). Rocky Mountain Advisers Lc reported 68 shares. Ameriprise Financial stated it has 330,938 shares. 34,420 were accumulated by Ameritas Investment Partners Inc. Hermes Limited accumulated 935,086 shares. Schwab Charles Management invested 0.02% in Brown & Brown, Inc. (NYSE:BRO). Teton Advsr Inc holds 0.07% of its portfolio in Brown & Brown, Inc. (NYSE:BRO) for 16,284 shares. First Eagle Investment Ltd Liability Corp owns 7.26 million shares for 0.78% of their portfolio. Cwm Limited Liability owns 33 shares. Credit Suisse Ag reported 0.01% stake. 189 are held by Fifth Third Bank. Schroder Invest Mngmt Grp reported 0.13% of its portfolio in Brown & Brown, Inc. (NYSE:BRO).

Prospector Partners Llc, which manages about $2.43B and $659.58 million US Long portfolio, decreased its stake in Xilinx Inc (NASDAQ:XLNX) by 7,500 shares to 58,100 shares, valued at $4.12M in 2017Q3, according to the filing. It also reduced its holding in Brookline Bancorp Inc Del (NASDAQ:BRKL) by 86,300 shares in the quarter, leaving it with 202,100 shares, and cut its stake in Price T Rowe Group Inc (NASDAQ:TROW).

Capital Research Global Investors, which manages about $331.24 billion US Long portfolio, upped its stake in Wells Fargo And Co (NYSE:WFC) by 7.27M shares to 52.59 million shares, valued at $2.90B in 2017Q3, according to the filing. It also increased its holding in Mandt Bank Corp (NYSE:MTB) by 401,007 shares in the quarter, for a total of 6.02M shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Analysts await Golar LNG Limited (NASDAQ:GLNG) to report earnings on February, 27. They expect $-0.23 EPS, up 30.30% or $0.10 from last year’s $-0.33 per share. After $-0.43 actual EPS reported by Golar LNG Limited for the previous quarter, Wall Street now forecasts -46.51% EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Steve Bissell

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: