The Baldwin Insurance Group, Inc. (NASDAQ:BRP) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,982 shares of the company’s stock after selling 735 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in The Baldwin Insurance Group were worth $1,143,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its stake 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 valued at $50,000 after purchasing an additional 340 shares during the last quarter. Cyndeo Wealth Partners LLC purchased a new position in shares of The Baldwin Insurance Group during the 3rd quarter worth approximately $144,000. ZWJ Investment Counsel Inc. purchased a new position in shares of The Baldwin Insurance Group during the 3rd quarter worth approximately $146,000. Smith Chas P & Associates PA Cpas purchased a new stake in The Baldwin Insurance Group in the third quarter valued at approximately $149,000. Finally, Heritage Family Offices LLP acquired a new position in The Baldwin Insurance Group during the third quarter worth $158,000. Hedge funds and other institutional investors own 70.42% of the company’s stock.

The Baldwin Insurance Group Trading Down 0.1 %

NASDAQ BRP opened at $42.86 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90. The Baldwin Insurance Group, Inc. has a one year low of $17.33 and a one year high of $33.03. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of -46.59, a PEG ratio of 0.91 and a beta of 1.54. The firm has a 50 day simple moving average of $48.33 and a 200-day simple moving average of $43.49.

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.