17,419 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,419 shares of the company’s stock, valued at approximately $569,000.

Other institutional investors also recently added to or reduced their stakes in 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 buying an additional 340 shares during the period. Cyndeo Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group during the third quarter valued at $144,000. ZWJ Investment Counsel Inc. acquired a new stake in shares of The Baldwin Insurance Group during the third quarter worth about $146,000. Smith Chas P & Associates PA Cpas purchased a new stake in The Baldwin Insurance Group in the third quarter valued at $149,000. Finally, Heritage Family Offices LLP purchased a new position in shares of The Baldwin Insurance Group during the 3rd quarter valued at about $158,000. Hedge funds and other institutional investors own 70.42% of the company’s stock.

The Baldwin Insurance Group Stock Performance

BRP opened at $45.47 on Thursday. The Baldwin Insurance Group, Inc. has a 1 year low of $17.33 and a 1 year high of $33.03. 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 firm has a fifty day moving average price of $48.80 and a 200 day moving average price of $41.78. The stock has a market cap of $5.34 billion, a P/E ratio of -49.42, a P/E/G 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.