Barclays PLC Grows Position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Barclays PLC lifted its stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Free Report) by 16.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,078 shares of the company's stock after buying an additional 15,731 shares during the quarter. Barclays PLC owned approximately 0.09% of The Baldwin Insurance Group worth $3,562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BRP. Quantbot Technologies LP purchased a new position in The Baldwin Insurance Group during the 3rd quarter valued at approximately $32,000. HighTower Advisors LLC bought a new position in shares of The Baldwin Insurance Group during the 3rd quarter valued at approximately $131,000. Cyndeo Wealth Partners LLC purchased a new position in shares of The Baldwin Insurance Group in the third quarter valued at $144,000. ZWJ Investment Counsel Inc. bought a new stake in The Baldwin Insurance Group in the third quarter worth $146,000. Finally, Smith Chas P & Associates PA Cpas bought a new stake in The Baldwin Insurance Group in the third quarter worth $149,000. Institutional investors own 70.42% of the company's stock.

The Baldwin Insurance Group Price Performance

BRP stock traded up $0.27 during trading on Monday, hitting $39.75. 1,039,422 shares of the company's stock traded hands, compared to its average volume of 379,203. The Baldwin Insurance Group, Inc. has a 52 week low of $17.33 and a 52 week high of $33.03. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of -43.21, a P/E/G ratio of 0.91 and a beta of 1.54. The business has a fifty day simple moving average of $46.97 and a 200 day simple moving average of $43.94. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90.

About The Baldwin Insurance Group

BRP Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions. The Insurance Advisory Solutions segment provides commercial risk management, employee benefits, and private risk management solutions for businesses and high-net-worth individuals, as well as their families.