Algert Global LLC Lowers Position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Algert Global LLC cut its holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Free Report) by 52.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,688 shares of the company's stock after selling 20,846 shares during the quarter. Algert Global LLC's holdings in The Baldwin Insurance Group were worth $663,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in The Baldwin Insurance Group by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 6,107,277 shares of the company's stock worth $146,697,000 after acquiring an additional 111,662 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in The Baldwin Insurance Group in the second quarter worth about $5,177,000. Pathway Financial Advisors LLC raised its holdings in The Baldwin Insurance Group by 56.3% in the first quarter. Pathway Financial Advisors LLC now owns 141,387 shares of the company's stock worth $4,092,000 after purchasing an additional 50,929 shares in the last quarter. Confluence Investment Management LLC bought a new position in The Baldwin Insurance Group in the first quarter worth about $3,592,000. Finally, Principal Financial Group Inc. bought a new position in The Baldwin Insurance Group in the first quarter worth about $1,298,000. 70.42% of the stock is owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Stock Up 3.2 %

Shares of BRP traded up $1.61 during mid-day trading on Friday, hitting $51.50. 596,657 shares of the company traded hands, compared to its average volume of 379,203. The Baldwin Insurance Group, Inc. has a 1-year low of $17.33 and a 1-year 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. The company has a market capitalization of $6.05 billion, a PE ratio of -55.98, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The business has a 50 day moving average of $45.71 and a 200 day moving average of $37.01.

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.