Principal Financial Group Inc. Purchases 21,174 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Principal Financial Group Inc. grew its stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 40.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,232 shares of the company’s stock after acquiring an additional 21,174 shares during the quarter. Principal Financial Group Inc.’s holdings in The Baldwin Insurance Group were worth $2,392,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BRP. William Blair Investment Management LLC raised its stake in shares of The Baldwin Insurance Group by 5.4% in the 2nd quarter. William Blair Investment Management LLC now owns 3,083,281 shares of the company’s stock valued at $109,364,000 after purchasing an additional 157,631 shares during the period. State Street Corp raised its stake in shares of The Baldwin Insurance Group by 13.3% during the 3rd quarter. State Street Corp now owns 1,956,551 shares of the company’s stock worth $63,901,000 after purchasing an additional 229,387 shares in the last quarter. Geode Capital Management LLC increased its holdings in The Baldwin Insurance Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,550,357 shares of the company’s stock worth $77,223,000 after buying an additional 9,326 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in The Baldwin Insurance Group by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,082,243 shares of the company’s stock valued at $38,386,000 after acquiring an additional 72,563 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its position in shares of 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 during the period. 70.42% of the stock is owned by institutional investors.

The Baldwin Insurance Group Stock Down 3.8 %

Shares of BRP stock opened at $37.27 on Friday. The Baldwin Insurance Group, Inc. has a 52-week low of $17.33 and a 52-week high of $33.03. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of -40.51, a PEG ratio of 0.91 and a beta of 1.54. The firm’s 50-day moving average is $44.20 and its 200-day moving average is $44.14. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90.

About The Baldwin Insurance Group

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.