William Blair Investment Management LLC Purchases 157,631 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

William Blair Investment Management LLC boosted its position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,083,281 shares of the company’s stock after acquiring an additional 157,631 shares during the quarter. William Blair Investment Management LLC’s holdings in The Baldwin Insurance Group were worth $109,364,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its stake in shares of The Baldwin Insurance Group by 31.6% during 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 during the last quarter. Moody National Bank Trust Division acquired a new position in The Baldwin Insurance Group during the first quarter worth approximately $202,000. Verdence Capital Advisors LLC bought a new stake in The Baldwin Insurance Group in the first quarter valued at approximately $203,000. Victory Capital Management Inc. acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $206,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of The Baldwin Insurance Group during the 1st quarter worth approximately $207,000. Institutional investors and hedge funds own 70.42% of the company’s stock.

The Baldwin Insurance Group Stock Up 3.3 %

BRP stock opened at $48.22 on Friday. The Baldwin Insurance Group, Inc. has a 1-year low of $17.33 and a 1-year high of $33.03. The business’s 50 day simple moving average is $42.76 and its 200 day simple moving average is $34.87. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $5.67 billion, a PE ratio of -52.41, a PEG ratio of 0.91 and a beta of 1.54.

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.