The Baldwin Insurance Group, Inc. (NASDAQ:BRP) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P cut its holdings in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 18.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,278,177 shares of the company’s stock after selling 295,573 shares during the period. Loomis Sayles & Co. L P’s holdings in The Baldwin Insurance Group were worth $41,745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in 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 worth $50,000 after purchasing an additional 340 shares in the last quarter. Cyndeo Wealth Partners LLC purchased a new position in shares of The Baldwin Insurance Group in the third quarter worth $144,000. ZWJ Investment Counsel Inc. acquired a new stake in shares of The Baldwin Insurance Group during the third quarter worth $146,000. Smith Chas P & Associates PA Cpas purchased a new stake in shares of The Baldwin Insurance Group during the third quarter valued at $149,000. Finally, Heritage Family Offices LLP acquired a new position in shares of The Baldwin Insurance Group in the 3rd quarter valued at $158,000. Hedge funds and other institutional investors own 70.42% of the company’s stock.

The Baldwin Insurance Group Stock Performance

Shares of BRP opened at $48.57 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50-day moving average of $48.78 and a two-hundred day moving average of $42.19. The stock has a market cap of $5.71 billion, a P/E ratio of -52.79, a P/E/G ratio of 0.91 and a beta of 1.54. 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 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.