Commerce Bank Sells 290 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Commerce Bank reduced its position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,925 shares of the company’s stock after selling 290 shares during the quarter. Commerce Bank’s holdings in The Baldwin Insurance Group were worth $291,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its position in shares of The Baldwin Insurance Group by 31.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company’s stock valued at $50,000 after acquiring an additional 340 shares during the period. Cyndeo Wealth Partners LLC acquired a new position in shares of The Baldwin Insurance Group during the 3rd quarter valued at $144,000. ZWJ Investment Counsel Inc. acquired a new position in shares of The Baldwin Insurance Group during the 3rd quarter valued at $146,000. Smith Chas P & Associates PA Cpas acquired a new position in shares of The Baldwin Insurance Group during the 3rd quarter valued at $149,000. Finally, Heritage Family Offices LLP acquired a new position in shares of The Baldwin Insurance Group during the 3rd quarter valued at $158,000. 70.42% of the stock is owned by institutional investors.

The Baldwin Insurance Group Stock Down 1.2 %

The Baldwin Insurance Group stock opened at $48.76 on Thursday. 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 12-month low of $17.33 and a 12-month high of $33.03. The firm’s fifty day moving average is $48.78 and its 200 day moving average is $42.31. The company has a market capitalization of $5.73 billion, a PE ratio of -53.63, a PEG ratio of 0.91 and a beta of 1.54.

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.