New World Advisors LLC Buys Shares of 14,957 The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

New World Advisors LLC purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,957 shares of the company’s stock, valued at approximately $488,000.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of The Baldwin Insurance Group by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 6,107,277 shares of the company’s stock worth $146,697,000 after buying an additional 111,662 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of The Baldwin Insurance Group during the second quarter worth approximately $5,177,000. Principal Financial Group Inc. bought a new stake in shares of The Baldwin Insurance Group in the first quarter valued at about $1,298,000. Select Equity Group L.P. bought a new position in The Baldwin Insurance Group during the second quarter worth about $1,045,000. Finally, Driehaus Capital Management LLC increased its holdings in shares of The Baldwin Insurance Group by 53.7% during the second quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company’s stock worth $33,057,000 after purchasing an additional 325,751 shares during the period. 70.42% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Price Performance

BRP stock traded down $1.23 during midday trading on Friday, reaching $50.24. The company had a trading volume of 618,002 shares, compared to its average volume of 379,203. The stock has a 50 day moving average price of $48.66 and a 200-day moving average price of $39.41. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of -54.61, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. 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 1-year low of $17.33 and a 1-year 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.