Ferguson Wellman Capital Management Inc. Reduces Holdings in Brown & Brown, Inc. $BRO

Ferguson Wellman Capital Management Inc. drastically cut its stake in Brown & Brown, Inc. (NYSE:BRO) by 97.9% in the fourth quarter, selling over 312,000 shares and retaining a minimal holding. While some institutional investors increased their positions, overall analyst sentiment has softened, leading to a consensus “Hold” rating and reduced price targets for the financial services provider. Brown & Brown reported Q4 earnings that beat consensus estimates, with revenue increasing by 35.7% year-over-year.

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