14,957 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) Purchased by New World Advisors LLC
New World Advisors LLC acquired 14,957 shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) during Q3, as disclosed to the SEC. Other investors, including Cyndeo Wealth Partners and ZWJ Investment Counsel, also increased their stakes. Institutional investors now hold 70.42% of the stock. BRP's stock price fell by 0.23 to $10.24, with a market cap of $1.91 billion and a P/E ratio of -54.61. The company operates as an independent insurance distribution firm in the U.S.
New World Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,957 shares of the company's stock, valued at approximately $488,000.
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Several other large investors also recently modified their holdings of the stock. Cyndeo Wealth Partners LLC acquired a new stake in shares of The Baldwin Insurance Group in the 3rd quarter valued at $144,000. ZWJ Investment Counsel Inc. bought a new stake in The Baldwin Insurance Group during the third quarter worth about $146,000. Heritage Family Offices LLP acquired a new stake in shares of The Baldwin Insurance Group during the third quarter worth approximately $158,000. Creative Planning increased its holdings in shares of The Baldwin Insurance Group by 31.3% during the third quarter. Creative Planning now owns 9,979 shares of the company's stock worth $326,000 after buying an additional 2,377 shares in the last quarter. Finally, Oliver Luxxe Assets LLC boosted its holdings in shares of The Baldwin Insurance Group by 81.3% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 39,960 shares of the company's stock worth $1,305,000 after acquiring an additional 17,914 shares in the last quarter. 70.42% of the stock is currently owned by institutional investors.
The Baldwin Insurance Group Price Performance
BRP stock traded down $1.23 during midday trading on Friday, reaching $50.24. 618,002 shares of the company's stock traded hands, compared to its average volume of 379,203. The company has a 50-day simple moving average of $48.66 and a two-hundred day simple moving average of $39.41. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. The Baldwin Insurance Group, Inc. has a 1-year low of $17.33 and a 1-year high of $33.03. The company has a market cap of $5.91 billion, a price-to-earnings ratio of -54.61, a PEG ratio of 0.91 and a beta of 1.54.
About The Baldwin Insurance Group
(Free Report)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.
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