591,317 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) Bought by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 591,317 shares of the company’s stock, valued at approximately $19,312,000.

A number of other institutional investors have also added to or reduced their stakes in BRP. Systematic Financial Management LP purchased a new stake in shares of The Baldwin Insurance Group during the 3rd quarter valued at $443,000. Principal Financial Group Inc. increased its stake in The Baldwin Insurance Group by 40.7% in the third quarter. Principal Financial Group Inc. now owns 73,232 shares of the company’s stock valued at $2,392,000 after acquiring an additional 21,174 shares during the last quarter. Select Equity Group L.P. purchased a new stake in The Baldwin Insurance Group during the second quarter valued at about $1,045,000. Driehaus Capital Management LLC lifted 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 purchasing an additional 325,751 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its stake in The Baldwin Insurance Group by 26.8% during the third quarter. Confluence Investment Management LLC now owns 438,544 shares of the company’s stock worth $14,323,000 after purchasing an additional 92,755 shares during the last quarter. 70.42% of the stock is currently owned by institutional investors.

The Baldwin Insurance Group Price Performance

Shares of The Baldwin Insurance Group stock opened at $32.66 on Monday. The firm has a market capitalization of $3.84 billion, a PE ratio of -44.52, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. 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 Baldwin Insurance Group, Inc. has a 12 month low of $17.33 and a 12 month high of $33.03. The business’s 50-day moving average price is $48.01 and its 200-day moving average price is $43.61.

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.