The Baldwin Insurance Group, Inc. (NASDAQ:BRP) Holdings Raised by Tributary Capital Management LLC

Tributary Capital Management LLC grew its position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 0.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 473,583 shares of the company’s stock after acquiring an additional 4,278 shares during the quarter. Tributary Capital Management LLC’s holdings in The Baldwin Insurance Group were worth $13,705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Westwood Holdings Group Inc. grew its stake in The Baldwin Insurance Group by 73.0% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,015,270 shares of the company’s stock worth $72,427,000 after buying an additional 1,272,353 shares during the last quarter. Boston Partners bought a new position in The Baldwin Insurance Group during the 4th quarter worth $30,586,000. Peregrine Capital Management LLC grew its stake in The Baldwin Insurance Group by 56.2% during the 4th quarter. Peregrine Capital Management LLC now owns 916,920 shares of the company’s stock worth $22,024,000 after buying an additional 329,998 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in The Baldwin Insurance Group by 19.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 988,830 shares of the company’s stock worth $23,753,000 after buying an additional 162,347 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in The Baldwin Insurance Group by 209.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 206,391 shares of the company’s stock worth $4,794,000 after buying an additional 139,684 shares during the last quarter. 70.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. UBS Group boosted their price target on The Baldwin Insurance Group from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. JPMorgan Chase & Co. upgraded The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $27.00 to $33.00 in a research report on Monday, April 8th. Wells Fargo & Company reduced their price target on The Baldwin Insurance Group from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods boosted their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, The Baldwin Insurance Group currently has a consensus rating of “Buy” and a consensus price target of $34.00.

Insider Activity

In other news, insider Daniel Galbraith sold 1,040 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $30.76, for a total transaction of $31,990.40. Following the completion of the sale, the insider now directly owns 31,126 shares of the company’s stock, valued at $957,435.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Daniel Galbraith sold 1,040 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $30.76, for a total transaction of $31,990.40. Following the completion of the sale, the insider now directly owns 31,126 shares of the company’s stock, valued at $957,435.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James Morgan Roche sold 5,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $30.61, for a total value of $153,050.00. Following the sale, the insider now directly owns 233,499 shares of the company’s stock, valued at $7,147,404.39. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock worth $510,385 over the last 90 days. 22.65% of the stock is currently owned by company insiders.

The Baldwin Insurance Group Trading Up 2.3 %

Shares of The Baldwin Insurance Group stock opened at $36.29 on Tuesday. 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 firm has a market cap of $4.27 billion, a price-to-earnings ratio of -39.45, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The business has a fifty day simple moving average of $32.12 and a 200-day simple moving average of $28.24. The Baldwin Insurance Group, Inc. has a fifty-two week low of $17.33 and a fifty-two 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.