Public Employees Retirement System of Ohio Trims Stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Public Employees Retirement System of Ohio lessened its holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Free Report) by 23.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,172 shares of the company's stock after selling 22,290 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of The Baldwin Insurance Group worth $2,390,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Westfield Capital Management Co. LP acquired a new stake in The Baldwin Insurance Group in the 3rd quarter valued at $23,465,000. Driehaus Capital Management LLC raised its stake in The Baldwin Insurance Group by 53.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company's stock valued at $33,057,000 after purchasing an additional 325,751 shares during the last quarter. State Street Corp lifted its holdings in The Baldwin Insurance Group by 13.3% in the 3rd quarter. State Street Corp now owns 1,956,551 shares of the company's stock valued at $63,901,000 after purchasing an additional 229,387 shares in the last quarter. William Blair Investment Management LLC boosted its stake in 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 purchasing an additional 157,631 shares during the last quarter. Finally, Confluence Investment Management LLC grew its holdings 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 buying an additional 92,755 shares in the last quarter. Institutional investors and hedge funds own 70.42% of the company's stock.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BRP traded down $0.77 during mid-day trading on Wednesday, reaching $40.60. The company's stock had a trading volume of 497,035 shares, compared to its average volume of 379,203. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50-day moving average of $47.66 and a two-hundred day moving average of $43.70. The Baldwin Insurance Group, Inc. has a 1-year low of $17.33 and a 1-year high of $33.03. The stock has a market capitalization of $4.77 billion, a P/E ratio of -44.13, a P/E/G ratio of 0.91 and a beta of 1.54.

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.