Maridea Wealth Management acquires stake in Brown & Brown, Inc

Maridea Wealth Management LLC acquired 25,345 shares of Brown & Brown, Inc. during the second quarter. The transaction, valued at approximately $1,626,000, was disclosed in a recent filing with the Securities and Exchange Commission.

Other institutional investors have also adjusted their positions in the financial services provider. ICONIQ Capital LLC increased its holdings by 5.4%, while Zacks Investment Management grew its position by 0.7% in the third quarter. Additionally, Private Trust Co. NA, Moors & Cabot Inc., and Independent Advisor Alliance reported increases in their respective stakes in recent quarters. Institutional investors and hedge funds currently own 71.01% of the company's stock.