Swiss National Bank Lowers Stock Holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Swiss National Bank trimmed its holdings in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,400 shares of the company’s stock after selling 20,700 shares during the quarter. Swiss National Bank owned approximately 0.10% of The Baldwin Insurance Group worth $2,868,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its stake in The Baldwin Insurance Group by 51.2% during the 3rd quarter. FMR LLC now owns 8,674,940 shares of the company’s stock worth $201,519,000 after buying an additional 2,938,558 shares in the last quarter. Vanguard Group Inc. raised its stake in The Baldwin Insurance Group by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,995,615 shares of the company’s stock valued at $139,278,000 after purchasing an additional 73,762 shares during the last quarter. Invesco Ltd. lifted its holdings in The Baldwin Insurance Group by 2.6% in the 3rd quarter. Invesco Ltd. now owns 2,112,762 shares of the company’s stock valued at $49,079,000 after purchasing an additional 53,895 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in The Baldwin Insurance Group by 56.2% during the 4th quarter. Peregrine Capital Management LLC now owns 916,920 shares of the company’s stock worth $22,024,000 after purchasing an additional 329,998 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of The Baldwin Insurance Group by 1.5% during the third quarter. Northern Trust Corp now owns 842,395 shares of the company’s stock worth $19,569,000 after buying an additional 12,145 shares in the last quarter. Hedge funds and other institutional investors own 70.42% of the company’s stock.

The Baldwin Insurance Group Stock Performance

NASDAQ BRP opened at $33.98 on Thursday. 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 company has a market cap of $3.99 billion, a P/E ratio of -36.93, a P/E/G ratio of 0.91 and a beta of 1.54. The stock has a 50-day moving average of $28.89 and a two-hundred day moving average of $25.38. The Baldwin Insurance Group, Inc. has a 1-year low of $17.33 and a 1-year high of $33.03.

The Baldwin Insurance Group (NASDAQ:BRP) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $284.65 million for the quarter, compared to the consensus estimate of $282.00 million. The Baldwin Insurance Group had a positive return on equity of 9.21% and a negative net margin of 4.29%. As a group, analysts anticipate that The Baldwin Insurance Group, Inc. will post 1.1 EPS for the current year.

Analysts Set New Price Targets

BRP has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of The Baldwin Insurance Group from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 11th. Keefe, Bruyette & Woods boosted their target price on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. raised The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $27.00 to $33.00 in a report on Monday, April 8th. Bank of America lowered their price objective on The Baldwin Insurance Group from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Finally, UBS Group raised their target price on The Baldwin Insurance Group from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $34.00.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 62,629 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $28.94, for a total transaction of $1,812,483.26. Following the completion of the transaction, the director now owns 37,371 shares in the company, valued at approximately $1,081,516.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 62,629 shares of The Baldwin Insurance Group stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $28.94, for a total transaction of $1,812,483.26. Following the completion of the sale, the director now directly owns 37,371 shares of the company’s stock, valued at approximately $1,081,516.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Seth Bala Cohen sold 1,033 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $29.04, for a total value of $29,998.32. Following the completion of the transaction, the general counsel now owns 10,657 shares in the company, valued at approximately $309,479.28. The disclosure for this sale can be found here. Insiders have sold a total of 80,536 shares of company stock valued at $2,352,867 over the last 90 days. 22.65% of the stock is owned by corporate insiders.

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.