Acadian Asset Management LLC Boosts Stock Position in Brown & Brown, Inc. (NYSE:BRO)

Acadian Asset Management LLC has recently announced that it has boosted its stock position in Brown & Brown, Inc. (NYSEBRO). The company is a leading provider of insurance services and solutions to individuals and businesses worldwide.

According to the press release, Acadian Asset Management LLC has acquired approximately 1.2 million shares of Brown & Brown, Inc.'s common stock at an average price of $45.03 per share. This represents a significant increase in the company's ownership stake in Brown & Brown, Inc.

The acquisition is expected to provide Acadian Asset Management LLC with additional exposure to the insurance industry and enhance its investment portfolio. Brown & Brown, Inc. has a strong track record of growth and profitability, with a diverse range of products and services that cater to the needs of its customers.

Acadian Asset Management LLC is a leading provider of investment management services to institutional investors, including pension funds, endowments, and foundations. The company has a long history of success in the industry and is known for its expertise in managing complex investment portfolios.

Overall, this acquisition is expected to be beneficial for both Acadian Asset Management LLC and Brown & Brown, Inc., as it will provide additional resources and expertise to support the growth and success of the insurance company.