Skandinaviska Enskilda Banken AB publ Reduces Position in Brown & Brown, Inc. $BRO

Skandinaviska Enskilda Banken AB publ significantly reduced its stake in Brown & Brown, Inc. by 26.1% in Q3, selling 25,793 shares, while other major institutions like Vanguard and Principal Financial Group increased their positions. Despite Skandinaviska Enskilda Banken’s reduction, institutional investors collectively own about 71.01% of the company’s stock. Brown & Brown performed well in earnings per share but missed revenue expectations; the stock maintains a consensus “Hold” rating from analysts with an average price target of $90.36.