Bamco Inc. NY Lowers Holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Bamco Inc. NY lowered its holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 7.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,010,000 shares of the company’s stock after selling 250,000 shares during the period. Bamco Inc. NY owned approximately 2.56% of The Baldwin Insurance Group worth $98,307,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BRP. Moody National Bank Trust Division grew its stake in The Baldwin Insurance Group by 6.3% during the 2nd quarter. Moody National Bank Trust Division now owns 7,420 shares of the company’s stock worth $263,000 after purchasing an additional 440 shares in the last quarter. Diversified Trust Co increased its stake in shares of The Baldwin Insurance Group by 11.2% during the second quarter. Diversified Trust Co now owns 37,800 shares of the company’s stock worth $1,341,000 after buying an additional 3,800 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in The Baldwin Insurance Group in the second quarter valued at approximately $5,177,000. Envestnet Portfolio Solutions Inc. purchased a new position in The Baldwin Insurance Group in the second quarter worth approximately $269,000. Finally, First Horizon Advisors Inc. lifted its stake in The Baldwin Insurance Group by 31.6% in the second 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 last quarter. 70.42% of the stock is owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Trading Up 0.5 %

Shares of NASDAQ:BRP opened at $32.66 on Monday. The Baldwin Insurance Group, Inc. has a 52 week low of $17.33 and a 52 week high of $33.03. The company’s 50 day moving average is $48.74 and its two-hundred day moving average is $42.61. The company has a market cap of $3.84 billion, a PE ratio of -35.50, a P/E/G ratio of 0.91 and a beta of 1.54. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21.

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.