JPMorgan Chase & Co. Buys 1,175,484 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

JPMorgan Chase & Co. raised its holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Free Report) by 1,946.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,235,868 shares of the company's stock after buying an additional 1,175,484 shares during the quarter. JPMorgan Chase & Co. owned about 1.05% of The Baldwin Insurance Group worth $40,363,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Westfield Capital Management Co. LP bought a new position in The Baldwin Insurance Group in the 3rd quarter worth $23,465,000. Lord Abbett & CO. LLC bought a new position in The Baldwin Insurance Group in the third quarter worth about $19,312,000. Driehaus Capital Management LLC lifted its holdings in The Baldwin Insurance Group by 53.7% in the second quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company's stock worth $33,057,000 after buying an additional 325,751 shares during the period. State Street Corp boosted its position in The Baldwin Insurance Group by 13.3% during the 3rd quarter. State Street Corp now owns 1,956,551 shares of the company's stock valued at $63,901,000 after acquiring an additional 229,387 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of The Baldwin Insurance Group by 5.4% during the 2nd quarter. William Blair Investment Management LLC now owns 3,083,281 shares of the company's stock worth $109,364,000 after acquiring an additional 157,631 shares during the period. 70.42% of the stock is owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Stock Up 2.3 %

Shares of NASDAQ:BRP traded up $0.87 during trading on Monday, hitting $38.14. The stock had a trading volume of 735,413 shares, compared to its average volume of 379,203. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $4.48 billion, a PE ratio of -41.46, a PEG ratio of 0.91 and a beta of 1.54. The firm's fifty day moving average is $44.20 and its 200 day moving average is $44.29. The Baldwin Insurance Group, Inc. has a 12 month low of $17.33 and a 12 month high of $33.03.

The Baldwin Insurance Group Company 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.