Kornitzer Capital Management Inc. KS Has $8.68 Million Stock Holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Kornitzer Capital Management Inc. KS decreased its position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 35.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 265,650 shares of the company’s stock after selling 145,640 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.23% of The Baldwin Insurance Group worth $8,676,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Driehaus Capital Management LLC lifted its stake in 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 valued at $33,057,000 after purchasing an additional 325,751 shares during the last quarter. Confluence Investment Management LLC lifted its stake in The Baldwin Insurance Group by 178.6% in the 2nd quarter. Confluence Investment Management LLC now owns 345,789 shares of the company’s stock valued at $12,265,000 after purchasing an additional 221,668 shares during the last quarter. William Blair Investment Management LLC lifted its stake in The Baldwin Insurance Group by 5.4% in the 2nd 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 during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in The Baldwin Insurance Group in the 2nd quarter valued at approximately $5,177,000. Finally, Dimensional Fund Advisors LP lifted its stake in The Baldwin Insurance Group by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,082,243 shares of the company’s stock valued at $38,386,000 after purchasing an additional 72,563 shares during the last quarter. Institutional investors and hedge funds own 70.42% of the company’s stock.

The Baldwin Insurance Group Price Performance

BRP stock opened at $45.20 on Friday. The company has a fifty day moving average price of $49.05 and a 200-day moving average price of $40.67. The company has a market capitalization of $5.31 billion, a P/E ratio of -49.13, a PEG ratio of 0.91 and a beta of 1.54. The Baldwin Insurance Group, Inc. has a 52-week low of $17.33 and a 52-week high of $33.03. 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 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.