Westwood Holdings Group Inc. Sells 516,302 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Westwood Holdings Group Inc. reduced its holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 18.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,219,148 shares of the company’s stock after selling 516,302 shares during the period. Westwood Holdings Group Inc. owned approximately 1.89% of The Baldwin Insurance Group worth $78,713,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BRP. Vanguard Group Inc. grew its stake in shares of The Baldwin Insurance Group by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 6,107,277 shares of the company’s stock valued at $146,697,000 after purchasing an additional 111,662 shares during the period. William Blair Investment Management LLC increased its holdings in shares of The Baldwin Insurance Group by 5.4% during the second quarter. William Blair Investment Management LLC now owns 3,083,281 shares of the company’s stock worth $109,364,000 after buying an additional 157,631 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of The Baldwin Insurance Group by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,082,243 shares of the company’s stock valued at $38,386,000 after acquiring an additional 72,563 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its holdings in The Baldwin Insurance Group by 0.5% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 735,417 shares of the company’s stock valued at $26,085,000 after purchasing an additional 3,304 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of The Baldwin Insurance Group by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 492,812 shares of the company’s stock worth $11,837,000 after purchasing an additional 8,753 shares during the last quarter. 70.42% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Trading Down 4.1 %

BRP opened at $48.71 on Friday. 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 has a 50-day moving average price of $43.77 and a two-hundred day moving average price of $35.54. The Baldwin Insurance Group, Inc. has a 1-year low of $17.33 and a 1-year high of $33.03. The stock has a market capitalization of $5.73 billion, a PE ratio of -55.20, a PEG ratio of 0.91 and a beta of 1.54.

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.