Candriam S.C.A. increased its holdings in Brown & Brown, Inc. ( NYSE:BRO – Free Report ) by 72.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 347,692 shares of the financial services provider’s stock after acquiring an additional 146,178 shares during the period. Candriam S.C.A.’s holdings in Brown & Brown were worth $22,375,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of BRO. BlackRock Inc. purchased a new stake in shares of Brown & Brown during the second quarter valued at approximately $1,418,571,000. Deutsche Bank AG bought a new stake in Brown & Brown during the second quarter worth $266,941,000. Bank of America Corp DE purchased a new position in Brown & Brown in the second quarter worth $228,051,000. Madison Asset Management LLC purchased a new position in Brown & Brown in the second quarter worth $138,630,000. Finally, Bank of New York Mellon Corp purchased a new position in Brown & Brown in the second quarter worth $88,589,000. 71.01% of the stock is owned by institutional investors.
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