Emerald Mutual Fund Advisers Trust Cuts Position in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Emerald Mutual Fund Advisers Trust decreased its holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 11.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 653,633 shares of the company’s stock after selling 81,784 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in The Baldwin Insurance Group were worth $21,348,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new position in shares of The Baldwin Insurance Group in the second quarter valued at $5,177,000. Principal Financial Group Inc. purchased a new stake in The Baldwin Insurance Group during the 1st quarter worth about $1,298,000. Select Equity Group L.P. purchased a new stake in The Baldwin Insurance Group during the 2nd quarter worth about $1,045,000. Driehaus Capital Management LLC increased its position in The Baldwin Insurance Group by 53.7% during the 2nd quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company’s stock worth $33,057,000 after purchasing an additional 325,751 shares in the last quarter. Finally, Zions Bancorporation N.A. purchased a new stake in The Baldwin Insurance Group during the 2nd quarter worth about $1,326,000. Hedge funds and other institutional investors own 70.42% of the company’s stock.

The Baldwin Insurance Group Trading Down 2.1 %

The Baldwin Insurance Group stock opened at $45.29 on Friday. The stock has a market cap of $5.32 billion, a PE ratio of -49.23, a P/E/G ratio of 0.91 and a beta of 1.54. The stock has a 50-day moving average price of $49.14 and a 200 day moving average price of $40.09. The Baldwin Insurance Group, Inc. has a 52 week low of $17.33 and a 52 week high of $33.03. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21.

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.