New World Advisors LLC bought a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,957 shares of the company's stock, valued at approximately $488,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its holdings in The Baldwin Insurance Group by 31.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company's stock worth $50,000 after acquiring an additional 340 shares in the last quarter. Cyndeo Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group in the third quarter worth $144,000. ZWJ Investment Counsel Inc. bought a new stake in shares of The Baldwin Insurance Group during the 3rd quarter valued at $146,000. Smith Chas P & Associates PA Cpas purchased a new position in shares of The Baldwin Insurance Group during the 3rd quarter valued at $149,000. Finally, Heritage Family Offices LLP purchased a new position in shares of The Baldwin Insurance Group during the 3rd quarter valued at $158,000. 70.42% of the stock is owned by hedge funds and other institutional investors.
The Baldwin Insurance Group Price Performance
BRP stock traded down $1.23 during trading on Friday, reaching $50.24. The company's stock had a trading volume of 618,002 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's fifty day moving average is $48.66 and its 200-day moving average is $39.48. The company has a market capitalization of $5.91 billion, a P/E ratio of -54.61, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The Baldwin Insurance Group, Inc. has a 1 year low of $17.33 and a 1 year high of $33.03.
The Baldwin Insurance Group Profile
(
Free Report)
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.
Featured Stories
Before you consider The Baldwin Insurance Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Baldwin Insurance Group wasn't on the list.
While The Baldwin Insurance Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
