JPMorgan Chase & Co. Boosts Holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

JPMorgan Chase & Co. increased its holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 1,946.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,235,868 shares of the company’s stock after purchasing an additional 1,175,484 shares during the period. JPMorgan Chase & Co. owned approximately 1.05% of The Baldwin Insurance Group worth $40,363,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC lifted 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 purchasing an additional 401 shares during the last quarter. Quantbot Technologies LP purchased a new stake in The Baldwin Insurance Group during the 3rd quarter valued at $32,000. Truist Financial Corp grew its holdings in The Baldwin Insurance Group by 11.8% in the 2nd quarter. Truist Financial Corp now owns 10,859 shares of the company’s stock worth $380,000 after acquiring an additional 1,150 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of The Baldwin Insurance Group by 4.4% during the third quarter. Natixis Advisors LLC now owns 30,264 shares of the company’s stock valued at $988,000 after acquiring an additional 1,281 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of The Baldwin Insurance Group by 7.9% during the second quarter. Arizona State Retirement System now owns 18,123 shares of the company’s stock worth $643,000 after purchasing an additional 1,331 shares during the period. Hedge funds and other institutional investors own 70.42% of the company’s stock.

The Baldwin Insurance Group Stock Up 2.3 %

NASDAQ BRP opened at $38.14 on Monday. The Baldwin Insurance Group, Inc. has a 1 year low of $17.33 and a 1 year 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 business’s 50-day moving average is $44.20 and its 200 day moving average is $44.29. The stock has a market capitalization of $4.48 billion, a PE ratio of -41.46, a PEG ratio of 0.91 and a beta of 1.54.

The Baldwin Insurance Group Company 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.