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Brookstone Capital Management Sells 30,910 Shares of Brown & Brown, Inc. $BRO
Brookstone Capital Management significantly reduced its stake in Brown & Brown (NYSE:BRO) by 80.5% in the fourth quarter, selling 30,910 shares. Despite this, other hedge funds increased their holdings, and institutional investors collectively own about 71% of the company’s stock. Brown & Brown recently reported strong quarterly earnings, beating analyst estimates for EPS and showing a substantial year-over-year revenue increase.