Principal Financial Group Inc. Buys 7,218 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Principal Financial Group Inc. increased its stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 16.1% during the second quarter, Holdings Channel reports. The firm owned 52,058 shares of the company’s stock after acquiring an additional 7,218 shares during the period. Principal Financial Group Inc.’s holdings in The Baldwin Insurance Group were worth $1,846,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Horizon Advisors Inc. grew its stake in The Baldwin Insurance Group by 31.6% during the second quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company’s stock worth $50,000 after buying an additional 340 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in shares of The Baldwin Insurance Group during the 1st quarter worth approximately $202,000. Verdence Capital Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group during the 1st quarter worth approximately $203,000. Victory Capital Management Inc. bought a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $206,000. Finally, Janney Montgomery Scott LLC acquired a new position in The Baldwin Insurance Group during the first quarter valued at approximately $207,000. Institutional investors and hedge funds own 70.42% of the company’s stock.

The Baldwin Insurance Group Stock Up 2.0 %

NASDAQ BRP opened at $46.70 on Friday. The business has a fifty day moving average price of $42.51 and a two-hundred day moving average price of $34.78. The stock has a market capitalization of $5.49 billion, a PE ratio of -50.76, a PEG ratio of 0.91 and a beta of 1.54. The Baldwin Insurance Group, Inc. has a fifty-two week low of $17.33 and a fifty-two week high of $33.03. 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.