Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 21,871 The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Connor Clark & Lunn Investment Management Ltd. bought a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 21,871 shares of the company’s stock, valued at approximately $714,000.

Other large investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new position in The Baldwin Insurance Group during the second quarter worth $5,177,000. Principal Financial Group Inc. grew its holdings in The Baldwin Insurance Group by 40.7% during the 3rd quarter. Principal Financial Group Inc. now owns 73,232 shares of the company’s stock valued at $2,392,000 after purchasing an additional 21,174 shares during the last quarter. Select Equity Group L.P. purchased a new stake in The Baldwin Insurance Group in the 2nd quarter worth about $1,045,000. Driehaus Capital Management LLC lifted its stake in The Baldwin Insurance Group by 53.7% in 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 boosted its position in shares of 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 valued at $14,323,000 after buying an additional 92,755 shares during the period. Institutional investors own 70.42% of the company’s stock.

The Baldwin Insurance Group Trading Down 1.2 %

Shares of NASDAQ BRP opened at $48.76 on Friday. The Baldwin Insurance Group, Inc. has a fifty-two week low of $17.33 and a fifty-two week high of $33.03. 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 company has a market cap of $5.73 billion, a price-to-earnings ratio of -53.00, a PEG ratio of 0.91 and a beta of 1.54. The business’s 50 day moving average price is $48.78 and its 200-day moving average price is $42.44.

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.