Boston Common Asset Management LLC increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 47.7% during the third quarter, owning 92,393 shares valued at approximately $11.5 million. Other institutional investors have also shown interest, with American National Bank & Trust acquiring a new position worth $28,000 and Crewe Advisors LLC adding shares valued around $30,000.
CBRE Group's stock opened at $119.51, with a market capitalization of $36.62 billion. The company reported quarterly earnings of $0.81 EPS, surpassing estimates of $0.69, with revenues of $8.39 billion.
Meanwhile, Perpetual Ltd boosted its position in ConocoPhillips (NYSE:COP) by 40.1%, acquiring 16,097 shares valued at $1.69 million. The stock opened at $111.86, with a market cap of $129.90 billion. ConocoPhillips reported $1.98 EPS, exceeding the consensus estimate of $1.96.
Unum Group (NYSE:UNM) saw its stock jump 7% after lifting its earnings guidance. The stock opened at $61.68, with an average price target of $63.64. The company reported $2.16 EPS for the last quarter, beating estimates of $2.02.
In other news, Phillips 66 (NYSE:PSX) saw a 15.9% increase in shares held by CCM Investment Advisers LLC, now valued at $13.82 million. The stock opened at $136.41, with a market cap of $57.83 billion. Phillips 66 reported $2.31 EPS, surpassing estimates of $1.98.
Brown & Brown, Inc. (NYSE:BRO) reported a quarterly earnings of $0.93, beating the consensus of $0.88, and had revenue of $1.18 billion, exceeding expectations of $1.14 billion. The stock opened at $103.68.