Pitcairn Co. Has $322,000 Holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Pitcairn Co. decreased its position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 14.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,861 shares of the company’s stock after selling 1,656 shares during the period. Pitcairn Co.’s holdings in The Baldwin Insurance Group were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of BRP. First Horizon Advisors Inc. lifted its position in The Baldwin Insurance Group by 31.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company’s stock worth $50,000 after buying an additional 340 shares in the last quarter. Cyndeo Wealth Partners LLC bought a new position in shares of The Baldwin Insurance Group in the third quarter worth about $144,000. ZWJ Investment Counsel Inc. acquired a new position in shares of The Baldwin Insurance Group during the third quarter worth approximately $146,000. Smith Chas P & Associates PA Cpas bought a new position in The Baldwin Insurance Group in the 3rd quarter valued at $149,000. Finally, Heritage Family Offices LLP bought a new stake in shares of The Baldwin Insurance Group during the third quarter worth $158,000. Institutional investors own 70.42% of the company’s stock.

The Baldwin Insurance Group Trading Down 1.2 %

Shares of BRP opened at $48.76 on Thursday. The stock’s fifty day simple moving average is $48.78 and its 200-day simple moving average is $42.31. The firm has a market capitalization of $5.73 billion, a PE ratio of -53.00, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The Baldwin Insurance Group, Inc. has a 12-month low of $17.33 and a 12-month high of $33.03. 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 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.