Zurich Insurance Group Ltd FI Purchases Shares of 13,329 Bright Horizons Family Solutions Inc. (BFAM)

Zurich Insurance Group Ltd FI purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,329 shares of the company’s stock, valued at approximately $1,029,000.

Other large investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its position in Bright Horizons Family Solutions by 250.0% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock valued at $108,000 after buying an additional 1,000 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in Bright Horizons Family Solutions in the second quarter valued at about $123,000. Advisor Group Inc. boosted its position in Bright Horizons Family Solutions by 213.6% in the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after buying an additional 1,354 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Bright Horizons Family Solutions by 83.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock valued at $190,000 after buying an additional 1,193 shares in the last quarter. Finally, Connable Office Inc. acquired a new position in Bright Horizons Family Solutions in the second quarter valued at about $208,000. Hedge funds and other institutional investors own 97.08% of the company’s stock.

Bright Horizons Family Solutions Inc. (BFAM) opened at 85.34 on Tuesday. Bright Horizons Family Solutions Inc. has a 52 week low of $59.00 and a 52 week high of $88.13. The firm has a 50 day moving average of $81.85 and a 200-day moving average of $77.92. The company has a market capitalization of $5.05 billion, a P/E ratio of 45.54 and a beta of 0.14.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The company had revenue of $445.55 million for the quarter, compared to the consensus estimate of $443.90 million. During the same period last year, the company posted $0.61 EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post $2.64 earnings per share for the current year.

In other news, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $79.98, for a total value of $79,980.00. Following the sale, the chief operating officer now directly owns 32,266 shares in the company, valued at approximately $2,580,634.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Elizabeth J. Boland sold 29,681 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the completion of the sale, the chief financial officer now owns 141,491 shares in the company, valued at $11,170,714.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,763 shares of company stock worth $4,920,470. 2.90% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on the stock. BidaskClub lowered shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Barclays PLC boosted their price target on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Finally, Citigroup Inc. restated a “buy” rating and issued a $92.00 price target (up from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $85.83.

TRADEMARK VIOLATION NOTICE: This article was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and

Other large investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its position in Bright Horizons Family Solutions by 250.0% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock valued at $108,000 after buying an additional 1,000 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in Bright Horizons Family Solutions in the second quarter valued at about $123,000. Advisor Group Inc. boosted its position in Bright Horizons Family Solutions by 213.6% in the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after buying an additional 1,354 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Bright Horizons Family Solutions by 83.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock valued at $190,000 after buying an additional 1,193 shares in the last quarter. Finally, Connable Office Inc. acquired a new position in Bright Horizons Family Solutions in the second quarter valued at about $208,000. Hedge funds and other institutional investors own 97.08% of the company’s stock.

Bright Horizons Family Solutions Inc. (BFAM) opened at 85.34 on Tuesday. Bright Horizons Family Solutions Inc. has a 52 week low of $59.00 and a 52 week high of $88.13. The firm has a 50 day moving average of $81.85 and a 200-day moving average of $77.92. The company has a market capitalization of $5.05 billion, a P/E ratio of 45.54 and a beta of 0.14.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The company had revenue of $445.55 million for the quarter, compared to the consensus estimate of $443.90 million. During the same period last year, the company posted $0.61 EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post $2.64 earnings per share for the current year.

In other news, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $79.98, for a total value of $79,980.00. Following the sale, the chief operating officer now directly owns 32,266 shares in the company, valued at approximately $2,580,634.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Elizabeth J. Boland sold 29,681 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the completion of the sale, the chief financial officer now owns 141,491 shares in the company, valued at $11,170,714.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,763 shares of company stock worth $4,920,470. 2.90% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on the stock. BidaskClub lowered shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Barclays PLC boosted their price target on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Finally, Citigroup Inc. restated a “buy” rating and issued a $92.00 price target (up from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $85.83.

TRADEMARK VIOLATION NOTICE: This article was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://ledgergazette.com/2017/10/10/zurich-insurance-group-ltd-fi-purchases-shares-of-13329-bright-horizons-family-solutions-inc-bfam.html.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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