Algert Global LLC Has $663,000 Position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Algert Global LLC cut its stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 52.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,688 shares of the company’s stock after selling 20,846 shares during the quarter. Algert Global LLC’s holdings in The Baldwin Insurance Group were worth $663,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in The Baldwin Insurance Group by 31.6% during the second quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company’s stock worth $50,000 after acquiring an additional 340 shares in the last quarter. Moody National Bank Trust Division acquired a new position in shares of The Baldwin Insurance Group in the 1st quarter valued at approximately $202,000. Janney Montgomery Scott LLC acquired a new position in shares of The Baldwin Insurance Group in the 1st quarter valued at approximately $207,000. Envestnet Portfolio Solutions Inc. acquired a new stake in The Baldwin Insurance Group during the 2nd quarter worth approximately $269,000. Finally, Wedbush Securities Inc. acquired a new stake in The Baldwin Insurance Group during the 2nd quarter worth approximately $302,000. 70.42% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Stock Up 3.2 %

The Baldwin Insurance Group stock opened at $51.50 on Friday. The company has a 50 day moving average of $45.71 and a 200-day moving average of $37.01. 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 Baldwin Insurance Group, Inc. has a twelve month low of $17.33 and a twelve month high of $33.03. The stock has a market capitalization of $6.05 billion, a PE ratio of -55.98, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54.

The Baldwin Insurance Group Company 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.