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New Vernon Investment Management Holding in Navigators Group (NAVG) Cut by $300,276; As Brown & Brown (BRO) Market Valuation Rose, Shareholder Metropolitan Life Insurance Company Has Increased Position

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Metropolitan Life Insurance Company increased its stake in Brown & Brown Inc (BRO) by 99.08% based on its latest 2018Q1 regulatory filing with the SEC. Metropolitan Life Insurance Company bought 32,885 shares as the company’s stock rose 4.20% while stock markets declined. The institutional investor held 66,076 shares of the finance company at the end of 2018Q1, valued at $1.68 billion, up from 33,191 at the end of the previous reported quarter. Metropolitan Life Insurance Company who had been investing in Brown & Brown Inc for a number of months, seems to be bullish on the $7.78B market cap company. The stock decreased 0.56% or $0.16 during the last trading session, reaching $28.17. About 795,160 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 29.47% since June 15, 2017 and is uptrending. It has outperformed by 16.90% the S&P500. Some Historical BRO News: 19/03/2018 Fitch Publishes Unrated Issuer Report on Brown & Brown, Inc; 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;; 23/04/2018 – Brown & Brown Declares Dividend of $0.075; 23/04/2018 – Brown & Brown 1Q Net $90.8M; 11/04/2018 – Brown & Brown, Inc. Announces the Asset Acquisition of Manning & Nozick Insurance Agency

New Vernon Investment Management Llc decreased its stake in Navigators Group Inc (NAVG) by 11.98% based on its latest 2018Q1 regulatory filing with the SEC. New Vernon Investment Management Llc sold 5,268 shares as the company’s stock rose 6.75% while stock markets declined. The hedge fund held 38,711 shares of the finance company at the end of 2018Q1, valued at $2.23M, down from 43,979 at the end of the previous reported quarter. New Vernon Investment Management Llc who had been investing in Navigators Group Inc for a number of months, seems to be less bullish one the $1.75 billion market cap company. The stock decreased 0.51% or $0.3 during the last trading session, reaching $59. About 44,433 shares traded. The Navigators Group, Inc. (NASDAQ:NAVG) has risen 12.10% since June 15, 2017 and is uptrending. It has underperformed by 0.47% the S&P500. Some Historical NAVG News: 09/04/2018 – AIR FRANCE-KLM AIRF.PA – 20.2 PCT OF COMMERCIAL NAVIGATORS ARE EXPECTED TO BE ON STRIKE ON APRIL 10; 18/05/2018 – A.M. Best Affirms Credit Ratings of Navigators International Insurance Company Ltd; 04/04/2018 Navigators and Protective Insurance Enter into Workers’ Compensation Underwriting Partnership; 07/05/2018 – Navigators Group 1Q EPS $1.02; 07/05/2018 – Navigators Group 1Q Net Written Premiums Were $393.3 M; 04/04/2018 – NAVIGATORS GROUP – WORKERS’ COMPENSATION WILL NOW BE AVAILABLE AS A COVERAGE OPTION IN NAVIGATORS’ PORTFOLIO OF INDUSTRY-SPECIFIC MULTILINE PRODUCTS; 07/05/2018 – NAVIGATORS GROUP – NET WRITTEN PREMIUMS FOR THREE MONTHS ENDED MARCH 31, 2018 OF $393.3 MLN, UP 16.6%; 07/05/2018 – Navigators Group Stockholders’ Equity Was $1.2 B, or $40.96/Share, as of March 31; 07/05/2018 – Navigators Group 1Q Adj EPS $1.09; 29/05/2018 – BELGIUM GRANTS LICENSES TO QBE, MS AMLIN, NAVIGATORS

Metropolitan Life Insurance Company, which manages about $14.10B and $7084.66B US Long portfolio, decreased its stake in Consolidated Communications Holdin (NASDAQ:CNSL) by 48 shares to 19,242 shares, valued at $210.89 million in 2018Q1, according to the filing. It also reduced its holding in Magellan Health Inc (NASDAQ:MGLN) by 361 shares in the quarter, leaving it with 7,377 shares, and cut its stake in Northern Trust Corp Trust (NASDAQ:NTRS).

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

Investors sentiment increased to 7.35 in Q1 2018. Its up 6.37, from 0.98 in 2017Q4. It is positive, 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. Raymond James Financial Svcs Advsrs has 11,854 shares for 0% of their portfolio. Mackenzie Fin invested 0.03% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). New York-based Tower Research Cap Limited Liability Corp (Trc) has invested 0.04% in Brown & Brown, Inc. (NYSE:BRO). Secor Capital Advsr Ltd Partnership accumulated 318,540 shares. Hsbc Public Limited has 0.01% invested in Brown & Brown, Inc. (NYSE:BRO) for 309,960 shares. Menta Capital Limited Liability accumulated 6,800 shares. State Of Alaska Department Of Revenue owns 0.01% invested in Brown & Brown, Inc. (NYSE:BRO) for 18,420 shares. Capital Returns Mngmt Ltd Limited Liability Company owns 452,916 shares or 3.52% of their US portfolio. Vaughan Nelson Inv Management LP has 2.39M shares for 0.74% of their portfolio. Price T Rowe Assoc Md has invested 0.03% in Brown & Brown, Inc. (NYSE:BRO). Prospector Prtnrs Limited Co reported 950,400 shares. Ruggie Group owns 2,195 shares. Manufacturers Life Ins The stated it has 0.01% in Brown & Brown, Inc. (NYSE:BRO). Vanguard holds 0.03% or 23.14M shares in its portfolio. Castleark Mngmt Limited Liability Company, Illinois-based fund reported 240,160 shares.

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. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, April 24 report. BMO Capital Markets upgraded the stock to “Market Perform” rating in Monday, December 12 report. The firm has “Underperform” rating given on Friday, November 4 by BMO Capital Markets. The stock of Brown & Brown, Inc. (NYSE:BRO) has “Neutral” rating given on Tuesday, February 16 by Citigroup. The stock of Brown & Brown, Inc. (NYSE:BRO) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, January 27. The stock has “Underweight” rating by Morgan Stanley on Tuesday, May 29. RBC Capital Markets maintained Brown & Brown, Inc. (NYSE:BRO) on Wednesday, July 20 with “Sector Perform” rating. On Thursday, January 7 the stock rating was downgraded by Barclays Capital to “Underweight”. The firm has “Underweight” rating given on Wednesday, January 27 by Morgan Stanley. Barclays Capital maintained Brown & Brown, Inc. (NYSE:BRO) on Monday, April 2 with “Underweight” rating.

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 Globenewswire.com published the news titled: “Brown & Brown, Inc. Enters Into Agreement to Acquire Servco Pacific Insurance” on June 05, 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.

Since March 8, 2018, it had 0 insider purchases, and 2 selling transactions for $174,045 activity. The insider Bach Carl L III sold 2,000 shares worth $113,020.

More news for The Navigators Group, Inc. (NASDAQ:NAVG) were recently published by: Nasdaq.com, which released: “Research Report Identifies Floor & Decor, CommVault, Kennametal, SendGrid, Quality Care Properties, and The …” on May 23, 2018. Globenewswire.com‘s article titled: “Navigators Completes Acquisition of Belgian Specialty Insurer” and published on June 07, 2018 is yet another important article.

Among 4 analysts covering Navigators Group (NASDAQ:NAVG), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Navigators Group had 11 analyst reports since May 27, 2016 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Hold” rating and $55.0 target in Monday, September 18 report. The firm has “Underperform” rating by Wood given on Wednesday, December 6. Keefe Bruyette & Woods downgraded the stock to “Sell” rating in Wednesday, December 6 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, May 8. Sandler O’Neill maintained The Navigators Group, Inc. (NASDAQ:NAVG) on Friday, February 16 with “Buy” rating. The stock of The Navigators Group, Inc. (NASDAQ:NAVG) has “Buy” rating given on Thursday, December 7 by Sandler O’Neill. On Monday, November 7 the stock rating was downgraded by Sandler O’Neill to “Hold”. The rating was downgraded by Sandler O’Neill to “Hold” on Tuesday, February 20. The rating was upgraded by Wood to “Market Perform” on Wednesday, May 9. Wood maintained it with “Market Perform” rating and $86 target in Friday, May 27 report.

Analysts await The Navigators Group, Inc. (NASDAQ:NAVG) to report earnings on August, 2. They expect $0.67 earnings per share, up 1.52% or $0.01 from last year’s $0.66 per share. NAVG’s profit will be $19.92M for 22.01 P/E if the $0.67 EPS becomes a reality. After $1.09 actual earnings per share reported by The Navigators Group, Inc. for the previous quarter, Wall Street now forecasts -38.53% negative EPS growth.

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

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