The Baldwin Insurance Group, Inc. (NASDAQ:BRP) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 275.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 34,000 shares of the company’s stock after acquiring an additional 24,940 shares during the quarter. Renaissance Technologies LLC’s holdings in The Baldwin Insurance Group were worth $1,206,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in The Baldwin Insurance Group by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 6,107,277 shares of the company’s stock worth $146,697,000 after buying an additional 111,662 shares during the period. William Blair Investment Management LLC increased its position in shares of The Baldwin Insurance Group by 5.4% in the 2nd quarter. William Blair Investment Management LLC now owns 3,083,281 shares of the company’s stock valued at $109,364,000 after purchasing an additional 157,631 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of The Baldwin Insurance Group by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,082,243 shares of the company’s stock valued at $38,386,000 after purchasing an additional 72,563 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its position in shares of The Baldwin Insurance Group by 0.5% in 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 during the last quarter. Finally, Tributary Capital Management LLC increased its position in shares of The Baldwin Insurance Group by 0.3% in the 2nd quarter. Tributary Capital Management LLC now owns 474,977 shares of the company’s stock valued at $16,847,000 after purchasing an additional 1,394 shares during the last quarter. 70.42% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Trading Up 3.2 %

Shares of NASDAQ:BRP opened at $51.50 on Friday. 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 $45.71 and its two-hundred day moving average is $37.01. 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 company has a market cap of $6.05 billion, a PE ratio of -55.98, a P/E/G 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.