State of New Jersey Common Pension Fund D Trims Position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

State of New Jersey Common Pension Fund D decreased its holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 16.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,405 shares of the company’s stock after selling 9,039 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in The Baldwin Insurance Group were worth $1,450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BRP. Janney Montgomery Scott LLC bought a new position in The Baldwin Insurance Group in the 1st quarter worth $207,000. Confluence Investment Management LLC lifted its holdings in The Baldwin Insurance Group by 178.6% in the second 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 during the period. Moody National Bank Trust Division boosted its position in The Baldwin Insurance Group by 6.3% during the 2nd quarter. Moody National Bank Trust Division now owns 7,420 shares of the company’s stock valued at $263,000 after acquiring an additional 440 shares in the last quarter. Diversified Trust Co raised its position in shares of The Baldwin Insurance Group by 11.2% in the 2nd quarter. Diversified Trust Co now owns 37,800 shares of the company’s stock worth $1,341,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of The Baldwin Insurance Group in the 2nd quarter valued at approximately $5,177,000. Hedge funds and other institutional investors own 70.42% of the company’s stock.

The Baldwin Insurance Group Trading Up 0.1 %

NASDAQ BRP opened at $43.96 on Tuesday. The firm has a market capitalization of $5.17 billion, a PE ratio of -47.78, a P/E/G ratio of 0.91 and a beta of 1.54. The stock’s 50 day moving average is $48.83 and its 200 day moving average is $41.54. The Baldwin Insurance Group, Inc. has a twelve month low of $17.33 and a twelve month high of $33.03. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21.

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.