State Street Corp Boosts Holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

State Street Corp raised its holdings in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Free Report) by 13.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,956,551 shares of the company's stock after purchasing an additional 229,387 shares during the quarter. State Street Corp owned 1.66% of The Baldwin Insurance Group worth $63,901,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. First Horizon Advisors Inc. increased its holdings in The Baldwin Insurance Group by 31.6% during 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 during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of The Baldwin Insurance Group by 1.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 31,034 shares of the company's stock worth $1,101,000 after purchasing an additional 361 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in The Baldwin Insurance Group by 5.6% in the third quarter. Verdence Capital Advisors LLC now owns 7,530 shares of the company's stock valued at $246,000 after purchasing an additional 401 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in The Baldwin Insurance Group by 5.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,292 shares of the company's stock valued at $542,000 after purchasing an additional 854 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in The Baldwin Insurance Group in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 70.42% of the company's stock.

The Baldwin Insurance Group Price Performance

NASDAQ:BRP traded down $1.73 during mid-day trading on Thursday, reaching $38.87. The stock had a trading volume of 511,956 shares, compared to its average volume of 379,203. The firm has a 50 day moving average price of $47.21 and a two-hundred day moving average price of $43.77. 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 Baldwin Insurance Group, Inc. has a one year low of $17.33 and a one year high of $33.03. The stock has a market capitalization of $4.57 billion, a P/E ratio of -42.25, a P/E/G ratio of 0.91 and a beta of 1.54.

The Baldwin Insurance Group Company 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.