Kornitzer Capital Management Inc. KS Sells 145,640 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Kornitzer Capital Management Inc. KS decreased its position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Free Report) by 35.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 265,650 shares of the company's stock after selling 145,640 shares during the period. Kornitzer Capital Management Inc. KS owned 0.23% of The Baldwin Insurance Group worth $8,676,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of BRP. Driehaus Capital Management LLC grew its position in shares of The Baldwin Insurance Group by 53.7% during the 2nd quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company's stock valued at $33,057,000 after acquiring an additional 325,751 shares during the period. Confluence Investment Management LLC boosted its holdings in The Baldwin Insurance Group by 178.6% in the 2nd quarter. Confluence Investment Management LLC now owns 345,789 shares of the company's stock worth $12,265,000 after buying an additional 221,668 shares during the period. William Blair Investment Management LLC boosted its holdings in The Baldwin Insurance Group by 5.4% in the 2nd quarter. William Blair Investment Management LLC now owns 3,083,281 shares of the company's stock worth $109,364,000 after buying an additional 157,631 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in The Baldwin Insurance Group in the 2nd quarter worth approximately $5,177,000. Finally, Dimensional Fund Advisors LP boosted its holdings in The Baldwin Insurance Group by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,082,243 shares of the company's stock worth $38,386,000 after buying an additional 72,563 shares during the period. 70.42% of the stock is owned by institutional investors.

The Baldwin Insurance Group Stock Performance

BRP traded up $0.48 on Friday, hitting $45.20. The company's stock had a trading volume of 686,540 shares, compared to its average volume of 379,203. The company's 50 day simple moving average is $49.05 and its 200-day simple moving average is $40.67. The firm has a market cap of $5.31 billion, a P/E ratio of -49.13, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The Baldwin Insurance Group, Inc. has a 12 month low of $17.33 and a 12 month high of $33.03. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21.

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.