Intech Investment Management LLC Makes New $510,000 Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Intech Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 15,603 shares of the company’s stock, valued at approximately $510,000.

A number of other large investors have also recently made changes to their positions in BRP. William Blair Investment Management LLC raised its holdings in 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 valued at $109,364,000 after acquiring an additional 157,631 shares during the period. Dimensional Fund Advisors LP raised its stake in The Baldwin Insurance Group by 7.2% during 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 period. Driehaus Capital Management LLC raised its position in shares of The Baldwin Insurance Group by 53.7% during the second quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company’s stock valued at $33,057,000 after buying an additional 325,751 shares during the last quarter. Emerald Advisers LLC boosted its position in shares of The Baldwin Insurance Group by 1.8% during the third quarter. Emerald Advisers LLC now owns 884,299 shares of the company’s stock worth $28,881,000 after acquiring an additional 15,554 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its stake in The Baldwin Insurance Group by 0.5% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 735,417 shares of the company’s stock valued at $26,085,000 after acquiring an additional 3,304 shares in the last quarter. 70.42% of the stock is owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Stock Up 0.5 %

Shares of BRP stock opened at $32.66 on Monday. The company’s fifty day simple moving average is $48.74 and its two-hundred day simple moving average is $42.61. The Baldwin Insurance Group, Inc. has a 52 week low of $17.33 and a 52 week high of $33.03. The stock has a market cap of $3.84 billion, a P/E ratio of -53.22, a PEG ratio of 0.91 and a beta of 1.54. The company has a quick ratio of 0.90, a current 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.