Barclays PLC Raises Stock Position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Barclays PLC increased its holdings in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 16.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 109,078 shares of the company’s stock after purchasing an additional 15,731 shares during the period. Barclays PLC owned 0.09% of The Baldwin Insurance Group worth $3,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in The Baldwin Insurance Group by 1.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 31,034 shares of the company’s stock worth $1,101,000 after acquiring an additional 361 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of The Baldwin Insurance Group by 5.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,292 shares of the company’s stock valued at $542,000 after purchasing an additional 854 shares during the period. Principal Financial Group Inc. grew its holdings in The Baldwin Insurance Group by 16.1% during the 2nd quarter. Principal Financial Group Inc. now owns 52,058 shares of the company’s stock valued at $1,846,000 after purchasing an additional 7,218 shares in the last quarter. Natixis Advisors LLC grew its holdings in The Baldwin Insurance Group by 9.2% during the 2nd quarter. Natixis Advisors LLC now owns 28,983 shares of the company’s stock valued at $1,028,000 after purchasing an additional 2,438 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in The Baldwin Insurance Group by 11.5% during the 2nd quarter. Rhumbline Advisers now owns 90,327 shares of the company’s stock worth $3,204,000 after buying an additional 9,302 shares during the period. 70.42% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Stock Performance

NASDAQ:BRP opened at $39.75 on Monday. The firm has a 50-day moving average of $46.97 and a two-hundred day moving average of $43.88. 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 stock has a market cap of $4.67 billion, a P/E ratio of -43.21, a PEG ratio of 0.91 and a beta of 1.54. 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 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.