MAI Capital Management Sells 10,500 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

MAI Capital Management reduced its position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,690 shares of the company’s stock after selling 10,500 shares during the period. MAI Capital Management owned 0.11% of The Baldwin Insurance Group worth $4,170,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Schneider Downs Wealth Management Advisors LP purchased a new stake in The Baldwin Insurance Group in the third quarter worth $268,000. Natixis Advisors LLC boosted its stake in shares of The Baldwin Insurance Group by 4.4% during the 3rd quarter. Natixis Advisors LLC now owns 30,264 shares of the company’s stock valued at $988,000 after purchasing an additional 1,281 shares in the last quarter. Black Swift Group LLC purchased a new position in shares of The Baldwin Insurance Group during the third quarter valued at about $163,000. Zions Bancorporation N.A. lifted its holdings in The Baldwin Insurance Group by 18.4% in the third quarter. Zions Bancorporation N.A. now owns 44,251 shares of the company’s stock worth $1,445,000 after buying an additional 6,866 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in The Baldwin Insurance Group during the 3rd quarter valued at approximately $569,000. 70.42% of the stock is owned by institutional investors.

The Baldwin Insurance Group Stock Up 0.6 %

Shares of NASDAQ:BRP opened at $44.22 on Wednesday. The firm has a market capitalization of $5.20 billion, a P/E ratio of -48.07, a P/E/G ratio of 0.91 and a beta of 1.54. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day moving average price of $48.81 and a 200-day moving average price of $41.66. The Baldwin Insurance Group, Inc. has a 52-week low of $17.33 and a 52-week high of $33.03.

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.