Why These 5 Stocks Are Moving on Tuesday

2. Brown & Brown Inc. (NYSE:BRO) is down more than 6.8% as the news of acquiring the UK-based Global Risk Partners Limited has not been positively received by investors. Brown & Brown Inc. (NYSE:BRO) anticipates the deal to be completed by Q3 2022 following approval from all regulatory authorities. After the completion of the deal, Global Risk Partners will continue operations under the current leadership of its CEO Mike Bruce, and the insurance intermediary will work as a separate entity in the retail segment of Brown & Brown Inc. (NYSE:BRO). Overall, 34 hedge funds reported owning a stake in Brown & Brown Inc. (NYSE:BRO) at the end of Q4 2021.