The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Get Free Report) shares dropped 1.5% during mid-day trading on Friday . The stock traded as low as $39.61 and last traded at $40.25. Approximately 380,110 shares were traded during trading, an increase of 0% from the average daily volume of 379,203 shares. The stock had previously closed at $40.85.
The Baldwin Insurance Group Stock Down 1.5 %
The firm has a market cap of $4.73 billion, a P/E ratio of -43.75, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. 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 firm has a fifty day moving average of $39.92 and a 200-day moving average of $44.61.
Institutional Trading of The Baldwin Insurance Group
Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $40,363,000 after buying an additional 1,175,484 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in The Baldwin Insurance Group during the third quarter worth approximately $23,465,000. Lord Abbett & CO. LLC acquired a new stake in shares of The Baldwin Insurance Group in the 3rd quarter valued at $19,312,000. State Street Corp boosted its holdings in shares of 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. Finally, Confluence Investment Management LLC boosted its holdings in shares of The Baldwin Insurance Group by 26.8% in the 3rd quarter. Confluence Investment Management LLC now owns 438,544 shares of the company's stock valued at $14,323,000 after purchasing an additional 92,755 shares in the last quarter. Institutional investors own 70.42% of the company's stock.
About The Baldwin Insurance Group
(
Get Free Report)
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.
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