Confluence Investment Management LLC Boosts Stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Confluence Investment Management LLC raised its position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Free Report) by 26.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 438,544 shares of the company's stock after purchasing an additional 92,755 shares during the period. Confluence Investment Management LLC owned approximately 0.37% of The Baldwin Insurance Group worth $14,323,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BRP. First Horizon Advisors Inc. boosted its stake in shares of 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 valued at $50,000 after purchasing an additional 340 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in The Baldwin Insurance Group by 1.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 31,034 shares of the company's stock valued at $1,101,000 after buying an additional 361 shares during the period. Moody National Bank Trust Division grew its stake in shares of The Baldwin Insurance Group by 6.3% during the second quarter. Moody National Bank Trust Division now owns 7,420 shares of the company's stock valued at $263,000 after buying an additional 440 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of 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 buying an additional 854 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in shares of The Baldwin Insurance Group by 11.8% in the second quarter. Truist Financial Corp now owns 10,859 shares of the company's stock worth $380,000 after buying an additional 1,150 shares during the period. Institutional investors own 70.42% of the company's stock.

The Baldwin Insurance Group Trading Up 1.1 %

Shares of The Baldwin Insurance Group stock traded up $0.48 on Friday, hitting $45.20. The stock had a trading volume of 686,540 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 Baldwin Insurance Group, Inc. has a one year low of $17.33 and a one year high of $33.03. The stock's 50-day simple moving average is $49.05 and its two-hundred day simple moving average is $40.67. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of -49.13, a PEG ratio of 0.91 and a beta of 1.54.

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.