Intech Investment Management LLC Invests $510,000 in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Intech Investment Management LLC bought a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) in the third quarter, HoldingsChannel reports. The institutional investor bought 15,603 shares of the company’s stock, valued at approximately $510,000.

A number of other hedge funds also recently added to or reduced their stakes in BRP. King Luther Capital Management Corp purchased a new stake in shares of The Baldwin Insurance Group in the third quarter worth about $878,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of The Baldwin Insurance Group in the third quarter valued at about $714,000. Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of The Baldwin Insurance Group during the 3rd quarter worth approximately $268,000. Natixis Advisors LLC grew its holdings in shares of The Baldwin Insurance Group by 4.4% during the 3rd quarter. Natixis Advisors LLC now owns 30,264 shares of the company’s stock worth $988,000 after purchasing an additional 1,281 shares during the period. Finally, Black Swift Group LLC purchased a new stake in shares of The Baldwin Insurance Group in the 3rd quarter valued at approximately $163,000. 70.42% of the stock is owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Stock Performance

NASDAQ BRP opened at $32.66 on Monday. The Baldwin Insurance Group, Inc. has a 1-year low of $17.33 and a 1-year high of $33.03. The stock has a 50-day moving average of $48.74 and a two-hundred day moving average of $42.61. 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 company has a market cap of $3.84 billion, a P/E ratio of -53.22, a P/E/G 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.