Systematic Financial Management LP Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Systematic Financial Management LP bought a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,559 shares of the company's stock, valued at approximately $443,000.

Several other hedge funds also recently bought and sold shares of BRP. Quantbot Technologies LP bought a new position in shares of The Baldwin Insurance Group during the 3rd quarter valued at $32,000. First Horizon Advisors Inc. raised its holdings in The Baldwin Insurance Group by 31.6% during the second quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company's stock valued at $50,000 after buying an additional 340 shares in the last quarter. HighTower Advisors LLC bought a new position in The Baldwin Insurance Group during the third quarter valued at about $131,000. Cyndeo Wealth Partners LLC acquired a new stake in shares of The Baldwin Insurance Group in the third quarter worth about $144,000. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of The Baldwin Insurance Group during the 3rd quarter worth about $146,000. 70.42% of the stock is owned by institutional investors and hedge funds.

The Baldwin Insurance Group Stock Performance

Shares of BRP stock traded up $1.13 during trading on Friday, reaching $47.32. The company had a trading volume of 1,254,345 shares, compared to its average volume of 379,203. The firm's 50 day simple moving average is $48.61 and its two-hundred day simple moving average is $43.20. The Baldwin Insurance Group, Inc. has a one year low of $17.33 and a one year high of $33.03. 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 company has a market capitalization of $5.56 billion, a PE ratio of -51.43, a PEG 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.