JPMorgan Chase & Co. Increases Stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

JPMorgan Chase & Co. boosted its stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 1,946.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,235,868 shares of the company’s stock after buying an additional 1,175,484 shares during the quarter. JPMorgan Chase & Co.’s holdings in The Baldwin Insurance Group were worth $40,363,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BRP. Quantbot Technologies LP purchased a new stake in shares of The Baldwin Insurance Group in the 3rd quarter worth about $32,000. HighTower Advisors LLC purchased a new position in The Baldwin Insurance Group during the 3rd quarter valued at about $131,000. Cyndeo Wealth Partners LLC purchased a new stake in The Baldwin Insurance Group in the third quarter worth about $144,000. ZWJ Investment Counsel Inc. bought a new position in shares of The Baldwin Insurance Group during the third quarter valued at approximately $146,000. Finally, Smith Chas P & Associates PA Cpas bought a new position in shares of The Baldwin Insurance Group during the third quarter valued at approximately $149,000. 70.42% of the stock is owned by institutional investors.

The Baldwin Insurance Group Stock Performance

Shares of BRP opened at $38.14 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. The stock has a market cap of $4.48 billion, a P/E ratio of -41.46, a P/E/G ratio of 0.91 and a beta of 1.54. The business’s 50 day moving average price is $44.20 and its 200-day moving average price is $44.29. The Baldwin Insurance Group, Inc. has a 52 week low of $17.33 and a 52 week high of $33.03.

The Baldwin Insurance Group 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.