King Luther Capital Management Corp Acquires New Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

King Luther Capital Management Corp bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) during the third quarter, HoldingsChannel.com reports. The firm bought 26,890 shares of the company’s stock, valued at approximately $878,000.

Other hedge funds have also made changes to their positions in the company. Driehaus Capital Management LLC boosted its position in shares of The Baldwin Insurance Group by 53.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company’s stock worth $33,057,000 after buying an additional 325,751 shares in the last quarter. Confluence Investment Management LLC raised its position in The Baldwin Insurance Group by 178.6% during the second quarter. Confluence Investment Management LLC now owns 345,789 shares of the company’s stock worth $12,265,000 after acquiring an additional 221,668 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of The Baldwin Insurance Group by 5.4% in the second quarter. William Blair Investment Management LLC now owns 3,083,281 shares of the company’s stock valued at $109,364,000 after purchasing an additional 157,631 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of The Baldwin Insurance Group in the second quarter valued at approximately $5,177,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of The Baldwin Insurance Group by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,082,243 shares of the company’s stock worth $38,386,000 after purchasing an additional 72,563 shares in the last quarter. Hedge funds and other institutional investors own 70.42% of the company’s stock.

The Baldwin Insurance Group Price Performance

BRP stock opened at $47.83 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s 50 day moving average price is $48.77 and its 200 day moving average price is $41.95. The firm has a market cap of $5.62 billion, a P/E ratio of -51.99, 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.