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

MAI Capital Management decreased its holdings in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 7.6% in the third quarter, Holdings Channel.com reports. The firm owned 127,690 shares of the company’s stock after selling 10,500 shares during the period. MAI Capital Management’s holdings in The Baldwin Insurance Group were worth $4,170,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BRP. Janney Montgomery Scott LLC bought a new position in shares of The Baldwin Insurance Group during the first quarter valued at $207,000. Confluence Investment Management LLC increased its stake in The Baldwin Insurance Group by 178.6% during the 2nd quarter. Confluence Investment Management LLC now owns 345,789 shares of the company’s stock valued at $12,265,000 after purchasing an additional 221,668 shares in the last quarter. Moody National Bank Trust Division raised its holdings in The Baldwin Insurance Group by 6.3% in the second quarter. Moody National Bank Trust Division now owns 7,420 shares of the company’s stock worth $263,000 after buying an additional 440 shares during the last quarter. Diversified Trust Co lifted its stake in shares of The Baldwin Insurance Group by 11.2% in the second quarter. Diversified Trust Co now owns 37,800 shares of the company’s stock worth $1,341,000 after buying an additional 3,800 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of The Baldwin Insurance Group during the second quarter valued at approximately $5,177,000. 70.42% of the stock is currently owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BRP opened at $44.22 on Wednesday. The company has a 50 day moving average of $48.81 and a 200 day moving average of $41.66. 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 firm has a market cap of $5.20 billion, a P/E ratio of -48.07, a PEG ratio of 0.91 and a beta of 1.54.

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.