Black Swift Group LLC Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Black Swift Group LLC purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,000 shares of the company’s stock, valued at approximately $163,000.

Several other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of The Baldwin Insurance Group during the second quarter worth approximately $5,177,000. Select Equity Group L.P. bought a new position in The Baldwin Insurance Group during the 2nd quarter worth $1,045,000. Driehaus Capital Management LLC raised its holdings in The Baldwin Insurance Group by 53.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company’s stock valued at $33,057,000 after acquiring an additional 325,751 shares in the last quarter. Confluence Investment Management LLC raised its holdings in The Baldwin Insurance Group by 26.8% in the 3rd quarter. Confluence Investment Management LLC now owns 438,544 shares of the company’s stock valued at $14,323,000 after acquiring an additional 92,755 shares in the last quarter. Finally, Emerald Advisers LLC lifted its position in shares of The Baldwin Insurance Group by 1.8% during the 3rd quarter. Emerald Advisers LLC now owns 884,299 shares of the company’s stock valued at $28,881,000 after acquiring an additional 15,554 shares during the period. 70.42% of the stock is currently owned by institutional investors.

The Baldwin Insurance Group Price Performance

BRP stock traded down $0.88 during midday trading on Thursday, reaching $45.06. The company had a trading volume of 454,300 shares, compared to its average volume of 379,203. 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 price of $48.94 and a 200-day moving average price of $41.17. 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 capitalization of $5.30 billion, a price-to-earnings ratio of -48.98, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54.

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.