Fmr LLC Sells 1,886 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Fmr LLC lessened its stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 0.0% during the third quarter, Holdings Channel.com reports. The fund owned 9,917,310 shares of the company’s stock after selling 1,886 shares during the period. Fmr LLC owned about 0.08% of The Baldwin Insurance Group worth $323,899,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Moody National Bank Trust Division lifted its stake in The Baldwin Insurance Group by 6.3% during the second quarter. Moody National Bank Trust Division now owns 7,420 shares of the company’s stock worth $263,000 after purchasing an additional 440 shares during the last quarter. Diversified Trust Co lifted its position in shares of The Baldwin Insurance Group by 11.2% during the 2nd quarter. Diversified Trust Co now owns 37,800 shares of the company’s stock worth $1,341,000 after buying an additional 3,800 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in The Baldwin Insurance Group in the second quarter valued at about $5,177,000. Envestnet Portfolio Solutions Inc. bought a new position in The Baldwin Insurance Group in the second quarter valued at about $269,000. Finally, First Horizon Advisors Inc. grew its position in The Baldwin Insurance Group by 31.6% in the second 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 last quarter. Institutional investors own 70.42% of the company’s stock.

The Baldwin Insurance Group Stock Up 0.4 %

BRP stock opened at $48.96 on Friday. The stock has a market capitalization of $5.76 billion, a P/E ratio of -53.22, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $48.74 and a 200-day moving average price of $42.61. The Baldwin Insurance Group, Inc. has a 12 month low of $17.33 and a 12 month high of $33.03.

The Baldwin Insurance Group Company 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.