State of New Jersey Common Pension Fund D Sells 52,126 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

State of New Jersey Common Pension Fund D lowered its stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 49.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,444 shares of the company’s stock after selling 52,126 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in The Baldwin Insurance Group were worth $1,896,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Van Hulzen Asset Management LLC boosted its stake in The Baldwin Insurance Group by 109.1% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 77,997 shares of the company’s stock worth $2,767,000 after purchasing an additional 40,688 shares during the period. Wedbush Securities Inc. bought a new position in The Baldwin Insurance Group in the 2nd quarter worth about $302,000. Emerald Mutual Fund Advisers Trust boosted its position in shares of The Baldwin Insurance Group by 0.5% during the 2nd 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 during the last quarter. Otter Creek Advisors LLC boosted its position in shares of The Baldwin Insurance Group by 24.2% during the 2nd quarter. Otter Creek Advisors LLC now owns 186,615 shares of the company’s stock valued at $6,619,000 after acquiring an additional 36,358 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of The Baldwin Insurance Group by 7.9% during the 2nd quarter. Arizona State Retirement System now owns 18,123 shares of the company’s stock valued at $643,000 after acquiring an additional 1,331 shares during the last quarter. Institutional investors own 70.42% of the company’s stock.

The Baldwin Insurance Group Stock Performance

Shares of BRP opened at $32.66 on Monday. The company has a market cap of $3.84 billion, a PE ratio of -52.95, a price-to-earnings-growth 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 $43.97 and a 200-day moving average price of $35.67. The Baldwin Insurance Group, Inc. has a 12-month low of $17.33 and a 12-month high of $33.03.

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.