Institutional Investor Increases Holdings in Brown & Brown
1 report, 1 independent
Updated Fri 00:00
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What happened
During the third quarter, a state revenue department increased its holdings in Brown & Brown by 401.1%. The department purchased an additional 114,564 shares, bringing its total ownership to 143,126 shares, valued at $9,535,000 at the end of the quarter.
From dailypolitical.com
Why it matters
The increase in institutional ownership reflects confidence in the financial services provider. Brown & Brown functions as a preferred partner and supplier of insurance and risk insights to Marcus & Millichap.
From dailypolitical.com
Who's involved
- Brown & BrownAmerican insurance company whose stock saw increased institutional buying
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Brown & Brown
American insurance company