Verdence Capital Advisors LLC Purchases 401 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Verdence Capital Advisors LLC lifted its holdings in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,530 shares of the company’s stock after purchasing an additional 401 shares during the period. Verdence Capital Advisors LLC’s holdings in The Baldwin Insurance Group were worth $246,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. William Blair Investment Management LLC lifted its stake in shares of The Baldwin Insurance Group by 5.4% in 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 period. Dimensional Fund Advisors LP boosted its stake in shares of 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. Driehaus Capital Management LLC raised its stake in 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 buying an additional 325,751 shares during the last quarter. Emerald Advisers LLC boosted its position in The Baldwin Insurance Group by 1.8% during the third quarter. Emerald Advisers LLC now owns 884,299 shares of the company’s stock valued at $28,881,000 after acquiring an additional 15,554 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in shares of The Baldwin Insurance Group by 0.5% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 735,417 shares of the company’s stock valued at $26,085,000 after purchasing an additional 3,304 shares during the period. 70.42% of the stock is owned by institutional investors and hedge funds.

The Baldwin Insurance Group Trading Down 6.1 %

NASDAQ BRP opened at $45.94 on Wednesday. The stock has a market capitalization of $5.40 billion, a P/E ratio of -49.93, a P/E/G ratio of 0.91 and a beta of 1.54. The business has a 50 day simple moving average of $48.98 and a 200 day simple moving average of $41.04. 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 Baldwin Insurance Group, Inc. has a one year low of $17.33 and a one year high of $33.03.

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.