Harbor Capital Advisors Inc. Purchases Shares of 50,870 The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Harbor Capital Advisors Inc. bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 50,870 shares of the company's stock, valued at approximately $1,661,000.

Several other hedge funds have also added to or reduced their stakes in the business. New World Advisors LLC acquired a new stake in The Baldwin Insurance Group during the 3rd quarter worth approximately $488,000. Cyndeo Wealth Partners LLC acquired a new position in shares of The Baldwin Insurance Group in the 3rd quarter worth approximately $144,000. ZWJ Investment Counsel Inc. acquired a new position in shares of The Baldwin Insurance Group in the 3rd quarter worth approximately $146,000. Heritage Family Offices LLP acquired a new position in shares of The Baldwin Insurance Group in the 3rd quarter worth approximately $158,000. Finally, Creative Planning lifted its position in shares of The Baldwin Insurance Group by 31.3% in the 3rd quarter. Creative Planning now owns 9,979 shares of the company's stock worth $326,000 after purchasing an additional 2,377 shares during the period. 70.42% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Trading Down 11.9 %

Shares of NASDAQ:BRP traded down $5.51 during mid-day trading on Wednesday, hitting $40.66. The company had a trading volume of 4,929,223 shares, compared to its average volume of 379,203. The firm has a fifty day moving average price of $49.18 and a 200 day moving average price of $40.45. The company has a market capitalization of $4.78 billion, a PE ratio of -44.20, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.90. The Baldwin Insurance Group, Inc. has a one year low of $17.33 and a one year high of $33.03.

The Baldwin Insurance Group Profile

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.