Venator Management LLC Has $26.63 Million Holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Venator Management LLC trimmed its holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 750,900 shares of the company’s stock after selling 31,375 shares during the quarter. The Baldwin Insurance Group accounts for about 8.1% of Venator Management LLC’s portfolio, making the stock its 6th biggest holding. Venator Management LLC owned 0.64% of The Baldwin Insurance Group worth $26,634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BRP. First Horizon Advisors Inc. grew its holdings 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 worth $50,000 after acquiring an additional 340 shares during the last quarter. Moody National Bank Trust Division acquired a new stake in The Baldwin Insurance Group during the 1st quarter worth about $202,000. Verdence Capital Advisors LLC acquired a new position in shares of The Baldwin Insurance Group in the first quarter worth about $203,000. Victory Capital Management Inc. purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $206,000. Finally, Janney Montgomery Scott LLC acquired a new position in The Baldwin Insurance Group in the 1st quarter worth approximately $207,000. 70.42% of the stock is owned by institutional investors and hedge funds.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ:BRP opened at $49.06 on Thursday. The company’s fifty day moving average is $43.24 and its two-hundred day moving average is $35.23. The company has a market cap of $5.77 billion, a P/E ratio of -53.33, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The Baldwin Insurance Group, Inc. has a 12-month low of $17.33 and a 12-month high of $33.03. 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 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.