State Street Corp Purchases 229,387 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

State Street Corp lifted its position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 13.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,956,551 shares of the company’s stock after acquiring an additional 229,387 shares during the period. State Street Corp owned approximately 1.66% of The Baldwin Insurance Group worth $63,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BRP. First Horizon Advisors Inc. lifted its holdings in shares of The Baldwin Insurance Group by 31.6% in the second 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. Cambridge Investment Research Advisors Inc. lifted its stake in The Baldwin Insurance Group by 1.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 31,034 shares of the company’s stock valued at $1,101,000 after purchasing an additional 361 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in The Baldwin Insurance Group by 5.6% in the third quarter. Verdence Capital Advisors LLC now owns 7,530 shares of the company’s stock valued at $246,000 after buying an additional 401 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of The Baldwin Insurance Group by 5.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,292 shares of the company’s stock worth $542,000 after buying an additional 854 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of The Baldwin Insurance Group during the third quarter worth $32,000. Institutional investors and hedge funds own 70.42% of the company’s stock.

The Baldwin Insurance Group Price Performance

The Baldwin Insurance Group stock opened at $40.60 on Thursday. The company has a market capitalization of $4.77 billion, a PE ratio of -44.13, a P/E/G ratio of 0.91 and a beta of 1.54. 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 stock has a 50-day moving average price of $47.46 and a two-hundred day moving average price of $43.74. The Baldwin Insurance Group, Inc. has a 12 month low of $17.33 and a 12 month high of $33.03.

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.