Capital Returns Management Increases Position in Brown & Brown (BRO); Holder Kcm Investment Advisors Has Increased Aetna (AET) Holding

June 24, 2018 - By Louis Casey

Aetna Inc. (NYSE:AET) Logo

Ron Bobman increased its stake in Brown & Brown Inc (BRO) by 49.7% based on its latest 2018Q1 regulatory filing with the SEC. Capital Returns Management Llc bought 150,358 shares as the company’s stock rose 4.20% while stock markets declined. The hedge fund run by Ron Bobman held 452,916 shares of the finance company at the end of 2018Q1, valued at $11.52 million, up from 302,558 at the end of the previous reported quarter. Capital Returns Management Llc who had been investing in Brown & Brown Inc for a number of months, seems to be bullish on the $7.80B market cap company. The stock increased 0.53% or $0.15 during the last trading session, reaching $28.22. About 1.52 million shares traded or 51.78% up from the average. Brown & Brown, Inc. (NYSE:BRO) has risen 29.47% since June 24, 2017 and is uptrending. It has outperformed by 16.90% the S&P500. Some Historical BRO News: 11/04/2018 – Brown & Brown, Inc. Announces the Asset Acquisition of Manning & Nozick Insurance Agency; 01/05/2018 – Brown & Brown: Servco Pacific Transaction Expected to Close in June 2018; 23/04/2018 – Brown & Brown 1Q Rev $501.5M; 23/04/2018 – BROWN & BROWN 1Q ADJ EPS 29C, EST. 30C; 23/04/2018 – Brown & Brown 1Q Net $90.8M; 23/04/2018 – Brown & Brown Declares Dividend of $0.075; 01/05/2018 – BROWN & BROWN, IN PACT TO BUY SERVCO PACIFIC INSURANCE; 19/04/2018 – DJ Brown & Brown Inc, Inst Holders, 1Q 2018 (BRO); 23/04/2018 – Brown & Brown, Inc. Announces Quarterly Revenues of $501.5 Million, an Increase of 7.8%; Diluted Net Income per Share of $0.32;; 14/05/2018 – Brown & Brown, Inc. Announces the Asset Acquisition of Automotive Development Group, LLC

Kcm Investment Advisors Llc increased its stake in Aetna Inc (AET) by 28.39% based on its latest 2018Q1 regulatory filing with the SEC. Kcm Investment Advisors Llc bought 2,351 shares as the company’s stock rose 1.59% while stock markets declined. The institutional investor held 10,632 shares of the medical specialities company at the end of 2018Q1, valued at $1.80M, up from 8,281 at the end of the previous reported quarter. Kcm Investment Advisors Llc who had been investing in Aetna Inc for a number of months, seems to be bullish on the $62.45 billion market cap company. The stock increased 0.94% or $1.77 during the last trading session, reaching $190.92. About 1.51 million shares traded. Aetna Inc. (NYSE:AET) has risen 22.94% since June 24, 2017 and is uptrending. It has outperformed by 10.37% the S&P500. Some Historical AET News: 02/04/2018 – CORRECTED-US GOVT SETS 3.40 (NOT 1.84) PCT INCREASE IN AVERAGE PAYMENT RATE TO INSURERS FOR 2019 MEDICARE ADVANTAGE PLANS; 01/05/2018 – Aetna Beats Profit Expectations, But Sales Come Up A Bit Shy — MarketWatch; 15/05/2018 – PAULSON BOOSTED DISCK, VIAB, COL, AET, TWX IN 1Q: 13F; 25/05/2018 – Aetna Opens Support Lines to the Public Following Shooting at Noblesville West Middle School in Indiana; 08/03/2018 – Candidates approached so far include former Medicare chief Andy Slavitt, former United States CTO Todd Park, and ex-Aetna senior executive Gary Loveman; 06/03/2018 – CVS Supersize $44B Bond for Aetna Deal Gets Triple Orders — Barron’s Blog; 25/05/2018 – Hartford Disciplined Equity Adds Anthem, Exits Aetna; 27/03/2018 – Aetna to pass on drug rebates to some its members; 13/03/2018 – CVS Health and Aetna shareholders will vote today on the drugstore chain’s proposed $69 billion acquisition of the health insurer; 28/03/2018 – FDA’s Gottlieb eyes PBM consolidation impact on generic entry-CNBC

Among 24 analysts covering Aetna (NYSE:AET), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Aetna had 76 analyst reports since July 30, 2015 according to SRatingsIntel. Bank of America upgraded Aetna Inc. (NYSE:AET) on Thursday, July 30 to “Buy” rating. The firm has “Buy” rating given on Monday, June 11 by Cantor Fitzgerald. Wedbush maintained Aetna Inc. (NYSE:AET) on Tuesday, February 2 with “Neutral” rating. Evercore initiated it with “Buy” rating and $128 target in Friday, September 23 report. The firm earned “Hold” rating on Thursday, July 13 by Deutsche Bank. As per Monday, November 14, the company rating was downgraded by Bernstein. RBC Capital Markets maintained the shares of AET in report on Monday, December 4 with “Buy” rating. Wolfe Research downgraded the shares of AET in report on Thursday, July 21 to “Peer Perform” rating. Leerink Swann downgraded Aetna Inc. (NYSE:AET) on Tuesday, January 24 to “Mkt Perform” rating. Argus Research maintained Aetna Inc. (NYSE:AET) on Tuesday, September 12 with “Buy” rating.

More notable recent Aetna Inc. (NYSE:AET) news were published by: Bizjournals.com which released: “Aetna to move regional office to Plantation Walk” on June 22, 2018, also Seekingalpha.com with their article: “Aetna: If The Deal Falls Through” published on June 12, 2018, Seekingalpha.com published: “CVS And Aetna Are Changing The Healthcare Paradigm” on June 18, 2018. More interesting news about Aetna Inc. (NYSE:AET) were released by: Bizjournals.com and their article: “Time Warner-AT&T deal could pave way for CVS-Aetna acquisition” published on June 13, 2018 as well as Streetinsider.com‘s news article titled: “Aetna (AET) Says it Won Contract for Kansas Medicaid Program” with publication date: June 22, 2018.

Investors sentiment decreased to 0.68 in 2018 Q1. Its down 0.15, from 0.83 in 2017Q4. It fall, as 83 investors sold AET shares while 335 reduced holdings. 78 funds opened positions while 208 raised stakes. 269.52 million shares or 2.24% less from 275.71 million shares in 2017Q4 were reported. Nordea Invest holds 0.69% or 1.70 million shares in its portfolio. Moreover, Hirtle Callaghan And Lc has 0.05% invested in Aetna Inc. (NYSE:AET) for 3,200 shares. Burney Co holds 122,930 shares. Daiwa Sb Invests Ltd reported 0.03% in Aetna Inc. (NYSE:AET). Blair William & Il accumulated 19,101 shares. Scotia Capital Inc reported 0.06% stake. Perigon Wealth Mgmt Ltd Co accumulated 516 shares. Davis R M Inc has 1,210 shares. Oakwood Cap Mngmt Ltd Com Ca has invested 2.09% in Aetna Inc. (NYSE:AET). Smithfield Trust owns 136 shares. Boston Common Asset Mngmt Ltd Liability Company holds 0.16% or 7,898 shares. Teachers Retirement System Of The State Of Kentucky stated it has 0.16% of its portfolio in Aetna Inc. (NYSE:AET). Deutsche Bancorp Ag reported 0.35% in Aetna Inc. (NYSE:AET). 392,476 were accumulated by Fil Ltd. Sageworth reported 0% stake.

Kcm Investment Advisors Llc, which manages about $2.95 billion and $1.65B US Long portfolio, decreased its stake in National General 7.5. Na Cl Q by 19,458 shares to 194,699 shares, valued at $4.83M in 2018Q1, according to the filing. It also reduced its holding in Ishares S&P Us Preferred Stock (PFF) by 16,625 shares in the quarter, leaving it with 173,735 shares, and cut its stake in Intel Corp (NASDAQ:INTC).

More important recent Brown & Brown, Inc. (NYSE:BRO) news were published by: Globenewswire.com which released: “Brown & Brown, Inc. Announces the Asset Acquisition of Loving and Etheredge, Inc. d/b/a Texas Commercial Insurance …” on June 19, 2018, also Gurufocus.com published article titled: “6 Stocks Outperforming the Market”, Bizjournals.com published: “Central Florida insurance giant Brown & Brown strikes a deal” on June 06, 2018. More interesting news about Brown & Brown, Inc. (NYSE:BRO) was released by: Globenewswire.com and their article: “Report: Developing Opportunities within Stifel Financial, Cenovus Energy, Brown & Brown, Dover, Affiliated Managers …” with publication date: May 31, 2018.

Among 16 analysts covering Brown & Brown (NYSE:BRO), 3 have Buy rating, 3 Sell and 10 Hold. Therefore 19% are positive. Brown & Brown had 58 analyst reports since August 24, 2015 according to SRatingsIntel. Suntrust Robinson upgraded the shares of BRO in report on Wednesday, December 6 to “Buy” rating. The rating was maintained by Wells Fargo with “Hold” on Wednesday, April 19. As per Wednesday, October 21, the company rating was maintained by RBC Capital Markets. The company was upgraded on Monday, December 12 by BMO Capital Markets. The firm earned “Neutral” rating on Tuesday, September 15 by Compass Point. The company was maintained on Tuesday, May 29 by Morgan Stanley. Citigroup maintained Brown & Brown, Inc. (NYSE:BRO) rating on Tuesday, May 8. Citigroup has “Sell” rating and $25 target. The stock of Brown & Brown, Inc. (NYSE:BRO) has “Neutral” rating given on Thursday, January 7 by SunTrust. Morgan Stanley downgraded Brown & Brown, Inc. (NYSE:BRO) rating on Wednesday, January 27. Morgan Stanley has “Underweight” rating and $30 target. The company was maintained on Thursday, March 29 by Deutsche Bank.

Investors sentiment increased to 7.35 in Q1 2018. 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. First Tru Advisors LP owns 269,494 shares. Martingale Asset Lp invested in 756,740 shares. Arrowstreet Capital Partnership owns 1.69 million shares. Bancorp Of New York Mellon invested 0.02% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). Deutsche Bancorp Ag reported 329,814 shares stake. Svcs Automobile Association has invested 0% in Brown & Brown, Inc. (NYSE:BRO). Guggenheim Cap Ltd Liability Corp has 16,892 shares for 0% of their portfolio. Voya Inv Limited Liability Com owns 61,080 shares. Moreover, Laurion Cap Mgmt Limited Partnership has 0.03% invested in Brown & Brown, Inc. (NYSE:BRO). Qs Ltd Liability Corp has invested 0% in Brown & Brown, Inc. (NYSE:BRO). Manufacturers Life The reported 366,566 shares. Clarkston Capital Prtn Lc holds 5.17M shares. Moreover, Riverhead Capital Management Limited Company has 0.03% invested in Brown & Brown, Inc. (NYSE:BRO) for 26,580 shares. Bb&T owns 0.06% invested in Brown & Brown, Inc. (NYSE:BRO) for 131,232 shares. 10.48M are held by State Street.

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

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