Deutsche Bank AG disclosed a new position in Brown & Brown, Inc. in its latest SEC filing. The bank purchased 4,161,199 shares of the insurance brokerage during the second quarter. This stake is valued at approximately $266.94 million.
The investment grants Deutsche Bank a 1.24% ownership stake in the company.
Brown & Brown is paying a quarterly dividend of $0.165 per share today. Investors of record as of August 12th will receive the payout.