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

King Luther Capital Management Corp acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 26,890 shares of the company’s stock, valued at approximately $878,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Driehaus Capital Management LLC increased its stake in shares of The Baldwin Insurance Group by 53.7% during the second quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company’s stock worth $33,057,000 after acquiring an additional 325,751 shares during the period. Confluence Investment Management LLC raised its stake in shares of The Baldwin Insurance Group by 178.6% during the 2nd quarter. Confluence Investment Management LLC now owns 345,789 shares of the company’s stock worth $12,265,000 after buying an additional 221,668 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of 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 buying an additional 157,631 shares during the period. Wealth Enhancement Advisory Services LLC purchased 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 grew its holdings in The Baldwin Insurance Group by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,082,243 shares of the company’s stock worth $38,386,000 after acquiring an additional 72,563 shares during the period. 70.42% of the stock is currently owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Price Performance

The Baldwin Insurance Group stock opened at $47.83 on Friday. The company has a market cap of $5.62 billion, a P/E ratio of -51.99, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The Baldwin Insurance Group, Inc. has a one year low of $17.33 and a one year high of $33.03. The business has a fifty day moving average of $48.77 and a two-hundred day moving average of $41.95. 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 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.