Brown & Brown, Inc. (BRO) Is At $51.08 Formed Wedge; Luminus Management Has Increased Baytex Energy (BTE) Stake By $3.57 Million

Brown & Brown, Inc. (BRO) formed wedge up with $54.66 target or 7.00% above today’s $51.08 share price. Brown & Brown, Inc. (BRO) has $7.12B valuation. The stock decreased 0.74% or $0.38 during the last trading session, reaching $51.08. About 692,752 shares traded or 32.81% up from the average. Brown & Brown, Inc. (NYSE:BRO) has risen 19.69% since January 3, 2017 and is uptrending. It has outperformed by 2.99% the S&P500.

Luminus Management Llc increased Baytex Energy Corp (BTE) stake by 19.64% reported in 2017Q3 SEC filing. Luminus Management Llc acquired 1.19 million shares as Baytex Energy Corp (BTE)’s stock declined 12.05%. The Luminus Management Llc holds 7.25M shares with $21.82M value, up from 6.06 million last quarter. Baytex Energy Corp now has $742.19 million valuation. The stock increased 3.33% or $0.1 during the last trading session, reaching $3.1. About 1.76 million shares traded. Baytex Energy Corp. (NYSE:BTE) has declined 26.24% since January 3, 2017 and is downtrending. It has underperformed by 42.94% 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 45 analyst reports since August 24, 2015 according to SRatingsIntel. JP Morgan initiated Brown & Brown, Inc. (NYSE:BRO) on Tuesday, June 28 with “Underweight” rating. The company was maintained on Thursday, July 13 by Citigroup. The rating was maintained by Compass Point on Tuesday, September 15 with “Neutral”. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, August 17. The stock has “Hold” rating by Zacks on Tuesday, September 1. The company was maintained on Monday, December 4 by Keefe Bruyette & Woods. Morgan Stanley downgraded the stock to “Underweight” rating in Wednesday, January 27 report. Citigroup initiated Brown & Brown, Inc. (NYSE:BRO) on Tuesday, February 16 with “Neutral” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, October 21. The stock of Brown & Brown, Inc. (NYSE:BRO) earned “Sell” rating by Citigroup on Wednesday, November 8.

Analysts await Brown & Brown, Inc. (NYSE:BRO) to report earnings on January, 22. They expect $0.42 earnings per share, 0.00% or $0.00 from last year’s $0.42 per share. BRO’s profit will be $58.55M for 30.40 P/E if the $0.42 EPS becomes a reality. After $0.53 actual earnings per share reported by Brown & Brown, Inc. for the previous quarter, Wall Street now forecasts -20.75% negative EPS growth.

Investors sentiment decreased to 1.16 in Q3 2017. Its down 0.13, from 1.29 in 2017Q2. It fall, as 20 investors sold Brown & Brown, Inc. 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. Aqr Capital Mngmt Limited Liability has 0% invested in Brown & Brown, Inc. (NYSE:BRO). Fdx Advsrs holds 45,781 shares. 7.26 million are owned by First Eagle Investment Management Ltd. California State Teachers Retirement System holds 196,057 shares or 0.02% of its portfolio. Envestnet Asset reported 41,806 shares. Brown Brothers Harriman holds 0% of its portfolio in Brown & Brown, Inc. (NYSE:BRO) for 8,824 shares. Clarkston Cap Prtn Lc invested 5.06% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). North Carolina-based Carroll Assocs has invested 0% in Brown & Brown, Inc. (NYSE:BRO). Btim Corp invested in 198,477 shares. Ahl Prtn Llp owns 10,230 shares for 0.01% of their portfolio. Crawford Invest Counsel holds 0.1% or 60,875 shares in its portfolio. Td Asset Management, a Ontario – Canada-based fund reported 80,473 shares. Parametrica Management Ltd stated it has 0.09% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). Proshare Advisors Limited Liability holds 234,894 shares. Eaton Vance Mgmt reported 13,752 shares or 0% of all its holdings.

Since August 1, 2017, it had 0 buys, and 1 insider sale for $839,527 activity. STRIANESE ANTHONY T sold $839,527 worth of Brown & Brown, Inc. (NYSE:BRO) on Tuesday, August 1.