Renaissance Technologies LLC Raises Stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Renaissance Technologies LLC increased its stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 275.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 34,000 shares of the company’s stock after buying an additional 24,940 shares during the period. Renaissance Technologies LLC’s holdings in The Baldwin Insurance Group were worth $1,206,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of The Baldwin Insurance Group by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 6,107,277 shares of the company’s stock worth $146,697,000 after purchasing an additional 111,662 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of The Baldwin Insurance Group during the second quarter worth $5,177,000. Pathway Financial Advisors LLC lifted its position in shares of The Baldwin Insurance Group by 56.3% during the first quarter. Pathway Financial Advisors LLC now owns 141,387 shares of the company’s stock worth $4,092,000 after purchasing an additional 50,929 shares in the last quarter. Confluence Investment Management LLC acquired a new position in shares of The Baldwin Insurance Group during the first quarter worth $3,592,000. Finally, Principal Financial Group Inc. acquired a new position in shares of The Baldwin Insurance Group during the first quarter worth $1,298,000. 70.42% of the stock is owned by institutional investors and hedge funds.

The Baldwin Insurance Group Trading Up 3.2 %

BRP opened at $51.50 on Friday. The stock has a market capitalization of $6.05 billion, a PE ratio of -55.98, a P/E/G ratio of 0.91 and a beta of 1.54. The firm’s fifty day moving average price is $45.71 and its 200 day moving average price is $37.01. 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 12-month low of $17.33 and a 12-month 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.