Van Hulzen Asset Management LLC Raises Stock Holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Van Hulzen Asset Management LLC boosted its holdings in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 109.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,997 shares of the company’s stock after purchasing an additional 40,688 shares during the quarter. Van Hulzen Asset Management LLC owned approximately 0.07% of The Baldwin Insurance Group worth $2,767,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BRP. First Horizon Advisors Inc. raised its holdings in shares of The Baldwin Insurance Group by 31.6% during the second quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company’s stock valued at $50,000 after acquiring an additional 340 shares during the last quarter. Moody National Bank Trust Division acquired a new stake in The Baldwin Insurance Group during the first quarter worth $202,000. Verdence Capital Advisors LLC purchased a new position in shares of The Baldwin Insurance Group during the first quarter worth $203,000. Janney Montgomery Scott LLC purchased a new position in shares of The Baldwin Insurance Group during the first quarter worth $207,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of The Baldwin Insurance Group during the second quarter worth $269,000. Hedge funds and other institutional investors own 70.42% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group raised their price target on The Baldwin Insurance Group from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, The Baldwin Insurance Group has a consensus rating of “Buy” and an average price target of $34.00.

The Baldwin Insurance Group Trading Down 1.1 %

BRP stock opened at $46.00 on Tuesday. The company has a market cap of $5.41 billion, a price-to-earnings ratio of -50.00, a PEG ratio of 0.91 and a beta of 1.54. 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 business has a fifty day simple moving average of $41.92 and a 200-day simple moving average of $34.38. 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.