Connor Clark & Lunn Investment Management Ltd. Takes $714,000 Position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,871 shares of the company’s stock, valued at approximately $714,000.

A number of other hedge funds also recently added to or reduced their stakes in BRP. First Horizon Advisors Inc. raised its holdings in shares of The Baldwin Insurance Group by 31.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company’s stock valued at $50,000 after purchasing an additional 340 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in The Baldwin Insurance Group by 1.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 31,034 shares of the company’s stock worth $1,101,000 after buying an additional 361 shares during the period. Verdence Capital Advisors LLC boosted its position in The Baldwin Insurance Group by 5.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,530 shares of the company’s stock valued at $246,000 after acquiring an additional 401 shares in the last quarter. Moody National Bank Trust Division increased its holdings in shares of The Baldwin Insurance Group by 6.3% in 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 during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of The Baldwin Insurance Group by 5.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,292 shares of the company’s stock worth $542,000 after acquiring an additional 854 shares in the last quarter. 70.42% of the stock is owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Trading Down 1.2 %

Shares of NASDAQ BRP opened at $48.76 on Friday. The business has a fifty day moving average price of $48.78 and a 200 day moving average price of $42.44. The Baldwin Insurance Group, Inc. has a 1-year low of $17.33 and a 1-year high of $33.03. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $5.73 billion, a P/E ratio of -53.00, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54.

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.