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

Fmr LLC cut its position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 0.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,917,310 shares of the company’s stock after selling 1,886 shares during the quarter. Fmr LLC owned about 8.44% of The Baldwin Insurance Group worth $323,899,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BRP. Westfield Capital Management Co. LP bought a new position in shares of The Baldwin Insurance Group during the 3rd quarter worth approximately $23,465,000. Driehaus Capital Management LLC grew 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 buying an additional 325,751 shares during the last quarter. William Blair Investment Management LLC lifted its position in The Baldwin Insurance Group by 5.4% during the second quarter. William Blair Investment Management LLC now owns 3,083,281 shares of the company’s stock worth $109,364,000 after acquiring an additional 157,631 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of The Baldwin Insurance Group during the second quarter worth approximately $5,177,000. Finally, Confluence Investment Management LLC grew its position in shares of The Baldwin Insurance Group by 26.8% in the third quarter. Confluence Investment Management LLC now owns 438,544 shares of the company’s stock valued at $14,323,000 after purchasing an additional 92,755 shares during the last quarter. 70.42% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BRP opened at $48.96 on Friday. The firm has a market cap 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 Baldwin Insurance Group, Inc. has a 1-year low of $17.33 and a 1-year high of $33.03. The business’s 50 day moving average is $48.74 and its 200-day moving average is $42.61.

About The Baldwin Insurance Group

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.