The Baldwin Insurance Group, Inc. (NASDAQ:BRP) Shares Sold by Bamco Inc. NY

Bamco Inc. NY decreased its stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 7.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,010,000 shares of the company’s stock after selling 250,000 shares during the period. Bamco Inc. NY’s holdings in The Baldwin Insurance Group were worth $98,307,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BRP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of The Baldwin Insurance Group by 5.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,187 shares of the company’s stock valued at $4,742,000 after purchasing an additional 7,040 shares during the last quarter. Quantbot Technologies LP acquired a new position in The Baldwin Insurance Group during the third quarter worth approximately $32,000. Westfield Capital Management Co. LP purchased a new stake in The Baldwin Insurance Group in the third quarter valued at approximately $23,465,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of The Baldwin Insurance Group by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 546,975 shares of the company’s stock valued at $17,864,000 after acquiring an additional 11,523 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of The Baldwin Insurance Group during the third quarter worth approximately $510,000. 70.42% of the stock is owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Stock Performance

Shares of The Baldwin Insurance Group stock opened at $32.66 on Monday. The firm’s fifty day simple moving average is $48.74 and its 200-day simple moving average is $42.61. The Baldwin Insurance Group, Inc. has a 12 month low of $17.33 and a 12 month high of $33.03. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of -35.50, a PEG 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 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.