Diversified Trust Co Boosts Stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Diversified Trust Co lifted its holdings in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 42.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,000 shares of the company’s stock after purchasing an additional 10,050 shares during the quarter. Diversified Trust Co’s holdings in The Baldwin Insurance Group were worth $984,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of The Baldwin Insurance Group by 47.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 325,830 shares of the company’s stock valued at $7,826,000 after acquiring an additional 104,800 shares during the last quarter. Tributary Capital Management LLC raised its position in The Baldwin Insurance Group by 11.7% in the fourth quarter. Tributary Capital Management LLC now owns 469,305 shares of the company’s stock valued at $11,273,000 after purchasing an additional 48,980 shares during the period. Pathway Financial Advisors LLC lifted its stake in The Baldwin Insurance Group by 56.3% during the first quarter. Pathway Financial Advisors LLC now owns 141,387 shares of the company’s stock worth $4,092,000 after purchasing an additional 50,929 shares in the last quarter. Confluence Investment Management LLC purchased a new position in shares of The Baldwin Insurance Group during the first quarter worth $3,592,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of The Baldwin Insurance Group by 209.4% in the third quarter. Envestnet Asset Management Inc. now owns 206,391 shares of the company’s stock valued at $4,794,000 after buying an additional 139,684 shares in the last quarter. 70.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Baldwin Insurance Group

In other news, General Counsel Seth Bala Cohen sold 10,834 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $30.03, for a total value of $325,345.02. Following the transaction, the general counsel now owns 13,813 shares in the company, valued at approximately $414,804.39. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider James Morgan Roche sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $30.61, for a total transaction of $153,050.00. Following the transaction, the insider now owns 233,499 shares of the company’s stock, valued at $7,147,404.39. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Seth Bala Cohen sold 10,834 shares of The Baldwin Insurance Group stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $30.03, for a total transaction of $325,345.02. Following the completion of the transaction, the general counsel now owns 13,813 shares in the company, valued at $414,804.39. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $510,385 over the last ninety days. Corporate insiders own 22.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on BRP. UBS Group raised their target price on The Baldwin Insurance Group from $35.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Keefe, Bruyette & Woods upped their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Wells Fargo & Company decreased their price target on shares of The Baldwin Insurance Group from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. upgraded The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $27.00 to $33.00 in a research note on Monday, April 8th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $34.00.

The Baldwin Insurance Group Price Performance

Shares of BRP opened at $36.29 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The firm’s fifty day simple moving average is $32.12 and its 200-day simple moving average is $28.24. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of -39.45, a PEG ratio of 0.91 and a beta of 1.54. The Baldwin Insurance Group, Inc. has a twelve month low of $17.33 and a twelve month high of $33.03.

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.