Tokio Marine Asset Management Co. Ltd. increased its position in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 30.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 116,206 shares of the company’s stock after buying an additional 27,000 shares during the quarter. Bright Horizons Family Solutions makes up approximately 1.6% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 12th largest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Bright Horizons Family Solutions were worth $10,923,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Advisor Group Inc. raised its holdings in shares of Bright Horizons Family Solutions by 213.6% in the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after purchasing an additional 1,354 shares during the period. Zions Bancorporation bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $170,000. Keybank National Association OH bought a new position in Bright Horizons Family Solutions in the 3rd quarter valued at about $221,000. Private Advisor Group LLC bought a new position in Bright Horizons Family Solutions in the 3rd quarter valued at about $237,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Bright Horizons Family Solutions in the 2nd quarter valued at about $239,000. 98.63% of the stock is currently owned by institutional investors.

In other Bright Horizons Family Solutions news, Director Joshua Bekenstein sold 3,504,999 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total transaction of $305,846,212.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen I. Dreier sold 1,141 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $94.00, for a total transaction of $107,254.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,625,459 shares of company stock worth $316,702,790. Company insiders own 2.90% of the company’s stock.

Several research analysts have weighed in on the stock. Royal Bank of Canada increased their price target on shares of Bright Horizons Family Solutions to $98.00 and gave the company an “outperform” rating in a report on Friday, January 19th. They noted that the move was a valuation call. BMO Capital Markets reissued a “hold” rating and issued a $98.00 price target on shares of Bright Horizons Family Solutions in a report on Wednesday, January 17th. Robert W. Baird reissued a “hold” rating and issued a $100.00 price target on shares of Bright Horizons Family Solutions in a report on Tuesday, January 9th. Barclays reissued a “buy” rating and issued a $105.00 price target on shares of Bright Horizons Family Solutions in a report on Wednesday, December 27th. Finally, Macquarie assumed coverage on shares of Bright Horizons Family Solutions in a report on Thursday, December 21st. They issued a “neutral” rating and a $95.00 price target on the stock. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $98.25.

Bright Horizons Family Solutions Inc (BFAM) opened at $94.35 on Wednesday. The firm has a market cap of $5,596.98, a PE ratio of 39.65, a price-to-earnings-growth ratio of 2.22 and a beta of 0.15. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.35. Bright Horizons Family Solutions Inc has a fifty-two week low of $65.00 and a fifty-two week high of $98.84.

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Bright Horizons Family Solutions 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.

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

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