As Brown & Brown (BRO) Share Value Declined, Liberty Mutual Group Asset Management Cut Holding by $320,178; Horseman Capital Management LTD Position in Estee Lauder Cos Inc/The (EL) Has Decreased as Share Price Rose

October 13, 2017 – By Winifred Garcia

Liberty Mutual Group Asset Management Inc decreased its stake in Brown & Brown Inc (BRO) by 14.38% based on its latest 2017Q2 regulatory filing with the SEC. Liberty Mutual Group Asset Management Inc sold 7,446 shares as the company’s stock declined 4.10% while stock markets rallied. The institutional investor held 44,347 shares of the finance company at the end of 2017Q2, valued at $1.91 million, down from 51,793 at the end of the previous reported quarter. Liberty Mutual Group Asset Management Inc who had been investing in Brown & Brown Inc for a number of months, seems to be less bullish one the $6.97B market cap company. The stock rose 0.62% or $0.31 reaching $49.48. About 107,632 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 19.69% since October 13, 2016 and is uptrending. It has outperformed by 2.99% the S&P500.

John Horseman decreased its stake in Estee Lauder Cos Inc/The (EL) by 9.3% based on its latest 2017Q2 regulatory filing with the SEC. Horseman Capital Management Ltd sold 4,400 shares as the company’s stock rose 8.67% with the market. The hedge fund run by John Horseman held 42,900 shares of the consumer non-durables company at the end of 2017Q2, valued at $4.12M, down from 47,300 at the end of the previous reported quarter. Horseman Capital Management Ltd who had been investing in Estee Lauder Cos Inc/The for a number of months, seems to be less bullish one the $40.85B market cap company. The stock rose 1.22% or $1.34 reaching $110.85. About 393,544 shares traded. Estee Lauder Companies Inc (NYSE:EL) has risen 1.49% since October 13, 2016 and is uptrending. It has underperformed by 15.21% the S&P500.

Among 28 analysts covering Estee Lauder (NYSE:EL), 21 have Buy rating, 1 Sell and 6 Hold. Therefore 75% are positive. Estee Lauder had 72 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Friday, May 5 by BMO Capital Markets. The firm has “Neutral” rating by B. Riley & Co given on Friday, February 3. The rating was maintained by Stifel Nicolaus on Monday, October 24 with “Buy”. Jefferies maintained Estee Lauder Companies Inc (NYSE:EL) on Wednesday, July 5 with “Buy” rating. The company was initiated on Tuesday, July 21 by Sterne Agee CRT. The company was maintained on Thursday, August 13 by Telsey Advisory Group. As per Friday, September 9, the company rating was downgraded by Argus Research. The firm earned “Outperform” rating on Thursday, January 26 by Oppenheimer. As per Friday, October 14, the company rating was downgraded by Piper Jaffray. The stock has “Buy” rating by Stifel Nicolaus on Friday, September 25.

Investors sentiment increased to 1.21 in Q2 2017. Its up 0.19, from 1.02 in 2017Q1. It increased, as 48 investors sold EL shares while 192 reduced holdings. 83 funds opened positions while 207 raised stakes. 194.59 million shares or 0.86% more from 192.93 million shares in 2017Q1 were reported. Moreover, Rothschild Asset Mngmt has 0.01% invested in Estee Lauder Companies Inc (NYSE:EL) for 4,742 shares. Bnp Paribas Arbitrage holds 0.03% or 110,953 shares. Kemper Master Retirement Trust holds 1.19% of its portfolio in Estee Lauder Companies Inc (NYSE:EL) for 20,000 shares. Fruth Inv Mgmt accumulated 0.66% or 14,622 shares. The United Kingdom-based Hsbc Hldg Public Ltd Com has invested 0.03% in Estee Lauder Companies Inc (NYSE:EL). Next Financial Grp holds 0% or 610 shares in its portfolio. Moreover, Ahl Ptnrs Ltd Liability Partnership has 0.02% invested in Estee Lauder Companies Inc (NYSE:EL) for 9,092 shares. Comerica holds 0.14% or 9,895 shares. Loomis Sayles And Ltd Partnership has invested 0% of its portfolio in Estee Lauder Companies Inc (NYSE:EL). Ls Advsrs Llc has invested 0.05% of its portfolio in Estee Lauder Companies Inc (NYSE:EL). 18,298 are owned by Palo. Pinnacle Fin Ptnrs Inc has 2,830 shares for 0.04% of their portfolio. Profund, a Maryland-based fund reported 6,647 shares. Utd Services Automobile Association holds 0.02% of its portfolio in Estee Lauder Companies Inc (NYSE:EL) for 74,024 shares. Chilton Inv Limited Liability Corp holds 0.02% or 4,092 shares.

Since May 10, 2017, it had 0 buys, and 5 insider sales for $7.51 million activity. The insider Demsey John sold $2.67M. 2,383 shares valued at $221,571 were sold by BARSHEFSKY CHARLENE on Monday, May 22. 9,312 shares were sold by BRAVO ROSE MARIE, worth $892,928.

Analysts await Estee Lauder Companies Inc (NYSE:EL) to report earnings on November, 1. They expect $0.96 EPS, up 14.29% or $0.12 from last year’s $0.84 per share. EL’s profit will be $353.78 million for 28.87 P/E if the $0.96 EPS becomes a reality. After $0.51 actual EPS reported by Estee Lauder Companies Inc for the previous quarter, Wall Street now forecasts 88.24% EPS growth.

More news for Estee Lauder Companies Inc (NYSE:EL) were recently published by: Businesswire.com, which released: “The Pink Ribbon Turns 25: The Estée Lauder Companies’ Breast Cancer Campaign …” on September 28, 2017. Benzinga.com‘s article titled: “Lightning Round: Jim Cramer Advises Viewers On Estee Lauder, Macy’s And More” and published on October 12, 2017 is yet another important article.

Liberty Mutual Group Asset Management Inc, which manages about $2.47 billion US Long portfolio, upped its stake in Silgan Holdings Inc (NASDAQ:SLGN) by 14,216 shares to 31,339 shares, valued at $995,000 in 2017Q2, according to the filing. It also increased its holding in Tegna Inc by 68,731 shares in the quarter, for a total of 80,341 shares, and has risen its stake in Jpmorgan Chase & Co (NYSE:JPM).

Analysts await Brown & Brown, Inc. (NYSE:BRO) to report earnings on October, 19. They expect $0.50 earnings per share, down 3.85% or $0.02 from last year’s $0.52 per share. BRO’s profit will be $70.43M for 24.74 P/E if the $0.50 EPS becomes a reality. After $0.49 actual earnings per share reported by Brown & Brown, Inc. for the previous quarter, Wall Street now forecasts 2.04% EPS growth.

Investors sentiment decreased to 1.29 in 2017 Q2. Its down 0.06, from 1.35 in 2017Q1. It is negative, as 15 investors sold BRO shares while 80 reduced holdings. 34 funds opened positions while 89 raised stakes. 100.23 million shares or 0.54% more from 99.69 million shares in 2017Q1 were reported. Great West Life Assurance Co Can reported 97,010 shares. Rafferty Asset Management Lc reported 0.02% in Brown & Brown, Inc. (NYSE:BRO). Employees Retirement Sys Of Ohio, a Ohio-based fund reported 57,082 shares. Prospector Ptnrs Ltd Liability stated it has 451,500 shares. Stifel holds 0.02% of its portfolio in Brown & Brown, Inc. (NYSE:BRO) for 94,345 shares. Cubist Systematic Strategies Ltd has 0.13% invested in Brown & Brown, Inc. (NYSE:BRO). Federated Pa reported 0.01% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). 333,800 were accumulated by Returns Mgmt Ltd Com. Schroder Invest Management Gp reported 1.40M shares. 3.53 million are held by Price T Rowe Associate Md. Gemmer Asset Management Ltd holds 475 shares or 0.01% of its portfolio. Leavell Inv Inc reported 36,400 shares. Rocky Mountain Advisers Limited Liability Company invested 0.01% in Brown & Brown, Inc. (NYSE:BRO). Jefferies Limited Liability stated it has 0% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). First Merchants Corp has 0.64% invested in Brown & Brown, Inc. (NYSE:BRO).

Among 14 analysts covering Brown & Brown (NYSE:BRO), 0 have Buy rating, 2 Sell and 12 Hold. Therefore 0 are positive. Brown & Brown had 36 analyst reports since August 24, 2015 according to SRatingsIntel. On Monday, September 7 the stock rating was upgraded by Zacks to “Hold”. The stock of Brown & Brown, Inc. (NYSE:BRO) earned “Market Perform” rating by Keefe Bruyette & Woods on Wednesday, January 13. The rating was maintained by Citigroup on Thursday, July 13 with “Neutral”. The firm has “Hold” rating given on Monday, August 24 by Zacks. The stock of Brown & Brown, Inc. (NYSE:BRO) has “Hold” rating given on Monday, September 25 by RBC Capital Markets. The rating was downgraded by Wells Fargo on Wednesday, October 14 to “Market Perform”. The company was maintained on Tuesday, August 15 by Wells Fargo. The stock has “Neutral” rating by SunTrust on Thursday, January 7. The rating was maintained by Keefe Bruyette & Woods on Thursday, August 17 with “Hold”. The firm has “Market Perform” rating by William Blair given on Monday, March 21.

More notable recent Brown & Brown, Inc. (NYSE:BRO) news were published by: News-Journalonline.com which released: “Daytona considering Brown & Brown request” on October 05, 2017, also News-Journalonline.com with their article: “Brown & Brown project could get $15.5 million from government” published on October 03, 2017, Nasdaq.com published: “Brown & Brown (BRO) on Growth Trajectory: Apt to Hold?” on September 15, 2017. More interesting news about Brown & Brown, Inc. (NYSE:BRO) were released by: Nasdaq.com and their article: “Why Brown & Brown (BRO) Might Surprise This Earnings Season” published on October 13, 2017 as well as Globenewswire.com‘s news article titled: “Brown & Brown, Inc. Announces 11.1% Increase in Quarterly Cash Dividend Rate” with publication date: October 12, 2017.

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