Oppenheimer & Co. Inc. Buys New Position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Oppenheimer & Co. Inc. purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 17,419 shares of the company's stock, valued at approximately $569,000.

Several other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in The Baldwin Insurance Group during the second quarter worth about $5,177,000. Select Equity Group L.P. acquired a new stake in shares of The Baldwin Insurance Group during the second quarter worth about $1,045,000. Driehaus Capital Management LLC raised its position in shares of The Baldwin Insurance Group by 53.7% during the second quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company's stock worth $33,057,000 after purchasing an additional 325,751 shares during the period. Confluence Investment Management LLC raised its position in shares of The Baldwin Insurance Group by 26.8% during the third quarter. Confluence Investment Management LLC now owns 438,544 shares of the company's stock worth $14,323,000 after purchasing an additional 92,755 shares during the period. Finally, Emerald Advisers LLC raised its position in shares of The Baldwin Insurance Group by 1.8% during the third quarter. Emerald Advisers LLC now owns 884,299 shares of the company's stock worth $28,881,000 after purchasing an additional 15,554 shares during the period. Institutional investors own 70.42% of the company's stock.

The Baldwin Insurance Group Trading Up 2.8 %

NASDAQ BRP opened at $45.47 on Thursday. The firm has a market cap of $5.34 billion, a P/E ratio of -49.42, a P/E/G 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 stock's 50-day moving average is $48.80 and its 200-day moving average is $41.78. The Baldwin Insurance Group, Inc. has a one year low of $17.33 and a one year high of $33.03.

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.