HighTower Advisors LLC Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

HighTower Advisors LLC bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,007 shares of the company’s stock, valued at approximately $131,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC increased its stake in shares of The Baldwin Insurance Group by 5.4% in 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 buying an additional 157,631 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 worth $38,386,000 after acquiring an additional 72,563 shares during the last quarter. Driehaus Capital Management LLC increased its position in The Baldwin Insurance Group by 53.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company’s stock valued at $33,057,000 after acquiring an additional 325,751 shares in the last quarter. Emerald Advisers LLC raised its stake in shares of The Baldwin Insurance Group by 1.8% in 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 lifted its position in shares of 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 worth $26,085,000 after purchasing an additional 3,304 shares in the last quarter. 70.42% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Stock Performance

Shares of The Baldwin Insurance Group stock opened at $39.27 on Friday. The firm has a 50 day simple moving average of $45.87 and a 200 day simple moving average of $43.95. The Baldwin Insurance Group, Inc. has a fifty-two week low of $17.33 and a fifty-two week high of $33.03. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $4.62 billion, a P/E ratio of -42.68, 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.