The Baldwin Insurance Group, Inc. (NASDAQ:BRP) Stake Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 40.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,232 shares of the company’s stock after purchasing an additional 21,174 shares during the period. Principal Financial Group Inc. owned 0.06% of The Baldwin Insurance Group worth $2,392,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BRP. Lord Abbett & CO. LLC acquired a new stake in shares of The Baldwin Insurance Group during the 3rd quarter valued at about $19,312,000. Geode Capital Management LLC grew its stake in The Baldwin Insurance Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,550,357 shares of the company’s stock worth $77,223,000 after buying an additional 9,326 shares during the last quarter. Barclays PLC increased its holdings in shares of The Baldwin Insurance Group by 16.9% during the third quarter. Barclays PLC now owns 109,078 shares of the company’s stock worth $3,562,000 after buying an additional 15,731 shares in the last quarter. State Street Corp raised its stake in shares of The Baldwin Insurance Group by 13.3% in the third quarter. State Street Corp now owns 1,956,551 shares of the company’s stock valued at $63,901,000 after acquiring an additional 229,387 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new position in shares of The Baldwin Insurance Group in the 3rd quarter worth approximately $443,000. 70.42% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Stock Down 3.8 %

NASDAQ BRP opened at $37.27 on Friday. The stock’s 50 day simple moving average is $44.20 and its 200 day simple moving average is $44.14. 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 Baldwin Insurance Group, Inc. has a one year low of $17.33 and a one year high of $33.03. The firm has a market cap of $4.38 billion, a PE ratio of -40.51, a price-to-earnings-growth 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.