The Baldwin Insurance Group, Inc. (NASDAQ:BRP) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 40.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,232 shares of the company’s stock after acquiring an additional 21,174 shares during the quarter. Principal Financial Group Inc. owned approximately 0.06% of The Baldwin Insurance Group worth $2,392,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in shares of The Baldwin Insurance Group during the 1st quarter valued at about $207,000. Confluence Investment Management LLC raised its position in shares of The Baldwin Insurance Group by 178.6% during the 2nd quarter. Confluence Investment Management LLC now owns 345,789 shares of the company’s stock worth $12,265,000 after purchasing an additional 221,668 shares during the period. Moody National Bank Trust Division lifted its holdings in shares of The Baldwin Insurance Group by 6.3% in the 2nd quarter. Moody National Bank Trust Division now owns 7,420 shares of the company’s stock worth $263,000 after purchasing an additional 440 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of The Baldwin Insurance Group by 11.2% in the 2nd quarter. Diversified Trust Co now owns 37,800 shares of the company’s stock worth $1,341,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in The Baldwin Insurance Group during the 2nd quarter valued at approximately $5,177,000. 70.42% of the stock is owned by institutional investors and hedge funds.

The Baldwin Insurance Group Stock Performance

BRP stock opened at $47.83 on Friday. The stock’s fifty day moving average is $48.77 and its two-hundred day moving average is $41.95. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of -51.99, a PEG ratio of 0.91 and a beta of 1.54. 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 1 year low of $17.33 and a 1 year 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.