Market News

Contrarius Investment Management LTD Trimmed By $36.91 Million Its Encana (ECA) Position; Capital Returns Management Has Trimmed By $870,816 Its Brown & Brown (BRO) Stake

Capital Returns Management Llc decreased Brown & Brown Inc (BRO) stake by 5.43% reported in 2017Q3 SEC filing. Capital Returns Management Llc sold 18,142 shares as Brown & Brown Inc (BRO)’s stock declined 4.10%. The Capital Returns Management Llc holds 315,658 shares with $15.21M value, down from 333,800 last quarter. Brown & Brown Inc now has $7.28B valuation. The stock increased 0.11% or $0.06 during the last trading session, reaching $52.7. About 449,178 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 19.69% since February 17, 2017 and is uptrending. It has outperformed by 2.99% the S&P500.

Contrarius Investment Management Ltd decreased Encana Corp (ECA) stake by 57.76% reported in 2017Q3 SEC filing. Contrarius Investment Management Ltd sold 3.36M shares as Encana Corp (ECA)’s stock declined 8.34%. The Contrarius Investment Management Ltd holds 2.45M shares with $28.90M value, down from 5.81 million last quarter. Encana Corp now has $10.51 billion valuation. The stock decreased 0.72% or $0.08 during the last trading session, reaching $11.01. About 10.02M shares traded or 25.97% up from the average. Encana Corporation (NYSE:ECA) has risen 50.13% since February 17, 2017 and is uptrending. It has outperformed by 33.43% the S&P500.

Capital Returns Management Llc increased Federated Natl Hldg Co (NASDAQ:FNHC) stake by 192,885 shares to 805,673 valued at $12.58 million in 2017Q3. It also upped Athene Hldg Ltd stake by 8,096 shares and now owns 472,654 shares. Old Rep Intl Corp (NYSE:ORI) was raised too.

Investors sentiment decreased to 1.16 in Q3 2017. Its down 0.13, from 1.29 in 2017Q2. It fall, 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. 1.45M were accumulated by Burgundy Asset Mngmt Ltd. North Carolina-based Carroll Fincl has invested 0% in Brown & Brown, Inc. (NYSE:BRO). Victory Mngmt Incorporated holds 3.34M shares. Gemmer Asset Mgmt Limited Company holds 0.01% or 475 shares. Northern Trust reported 0.01% in Brown & Brown, Inc. (NYSE:BRO). South Texas Money Mgmt Ltd holds 0.01% or 6,266 shares in its portfolio. Thompson Siegel And Walmsley Limited Liability reported 0% in Brown & Brown, Inc. (NYSE:BRO). Great West Life Assurance Can has 95,415 shares. Indiana-based First Merchants has invested 0.44% in Brown & Brown, Inc. (NYSE:BRO). South Dakota Council owns 0.01% invested in Brown & Brown, Inc. (NYSE:BRO) for 7,000 shares. Point72 Asset Mngmt LP accumulated 80,600 shares or 0.02% of the stock. Illinois-based Balyasny Asset Mngmt Lc has invested 0.14% in Brown & Brown, Inc. (NYSE:BRO). Moreover, Royal Bankshares Of Canada has 0.01% invested in Brown & Brown, Inc. (NYSE:BRO) for 365,915 shares. Legal & General Grp Public Ltd has 540,441 shares for 0.02% of their portfolio. Benjamin F Edwards &, a Missouri-based fund reported 15,818 shares.

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. Citigroup maintained it with “Sell” rating and $49 target in Friday, February 9 report. The rating was downgraded by Wells Fargo on Wednesday, October 14 to “Market Perform”. BMO Capital Markets upgraded the shares of BRO in report on Monday, December 12 to “Market Perform” rating. On Monday, March 21 the stock rating was upgraded by William Blair to “Market Perform”. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. As per Thursday, July 13, the company rating was maintained by Citigroup. SunTrust maintained Brown & Brown, Inc. (NYSE:BRO) rating on Friday, October 13. SunTrust has “Hold” rating and $52.0 target. The stock of Brown & Brown, Inc. (NYSE:BRO) has “Sector Perform” rating given on Wednesday, January 27 by RBC Capital Markets. The firm earned “Sector Perform” rating on Wednesday, July 20 by RBC Capital Markets. Wells Fargo maintained the shares of BRO in report on Tuesday, August 15 with “Hold” rating.

Among 28 analysts covering Encana Corporation (NYSE:ECA), 24 have Buy rating, 2 Sell and 2 Hold. Therefore 86% are positive. Encana Corporation had 122 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, October 19 by Credit Suisse. The rating was upgraded by RBC Capital Markets to “Outperform” on Friday, November 4. Citigroup maintained Encana Corporation (NYSE:ECA) rating on Monday, September 14. Citigroup has “Neutral” rating and $8.50 target. As per Monday, May 29, the company rating was maintained by RBC Capital Markets. The firm earned “Buy” rating on Thursday, June 15 by BMO Capital Markets. The company was maintained on Monday, September 25 by RBC Capital Markets. GMP Securities maintained it with “Buy” rating and $13.2500 target in Monday, June 12 report. The rating was maintained by Altacorp with “Buy” on Wednesday, September 27. Desjardins Securities maintained Encana Corporation (NYSE:ECA) rating on Wednesday, September 27. Desjardins Securities has “Hold” rating and $13.5 target. The firm earned “Equal-Weight” rating on Tuesday, January 12 by Morgan Stanley.

Leave a Reply

Your email address will not be published. Required fields are marked *