Zurcher Kantonalbank Zurich Cantonalbank Purchases 3,278 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 29.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,438 shares of the company’s stock after acquiring an additional 3,278 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in The Baldwin Insurance Group were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Tributary Capital Management LLC boosted its stake in The Baldwin Insurance Group by 11.7% during the fourth quarter. Tributary Capital Management LLC now owns 469,305 shares of the company’s stock valued at $11,273,000 after buying an additional 48,980 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of The Baldwin Insurance Group by 209.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 206,391 shares of the company’s stock worth $4,794,000 after buying an additional 139,684 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of The Baldwin Insurance Group by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 484,059 shares of the company’s stock valued at $11,245,000 after acquiring an additional 19,272 shares during the last quarter. Peregrine Capital Management LLC lifted its holdings in shares of The Baldwin Insurance Group by 56.2% in the 4th quarter. Peregrine Capital Management LLC now owns 916,920 shares of the company’s stock valued at $22,024,000 after acquiring an additional 329,998 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of The Baldwin Insurance Group by 2.6% in the 3rd quarter. Invesco Ltd. now owns 2,112,762 shares of the company’s stock worth $49,079,000 after purchasing an additional 53,895 shares during the period. Hedge funds and other institutional investors own 70.42% of the company’s stock.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 1,033 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $29.04, for a total value of $29,998.32. Following the completion of the sale, the general counsel now directly owns 10,657 shares in the company, valued at $309,479.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Lowry Baldwin sold 62,629 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $28.94, for a total value of $1,812,483.26. Following the completion of the transaction, the director now directly owns 37,371 shares of the company’s stock, valued at approximately $1,081,516.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Seth Bala Cohen sold 1,033 shares of The Baldwin Insurance Group stock in a transaction on Friday, March 15th. The stock was sold at an average price of $29.04, for a total transaction of $29,998.32. Following the sale, the general counsel now owns 10,657 shares of the company’s stock, valued at $309,479.28. The disclosure for this sale can be found here. Insiders own 22.65% of the company’s stock.

The Baldwin Insurance Group Stock Up 0.9 %

Shares of The Baldwin Insurance Group stock opened at $27.54 on Friday. The Baldwin Insurance Group, Inc. has a 1 year low of $17.33 and a 1 year high of $30.84. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of -18.48, a PEG ratio of 0.82 and a beta of 1.54. The firm’s 50-day moving average is $28.26 and its two-hundred day moving average is $24.47.

The Baldwin Insurance Group (NASDAQ:BRP) last announced its earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The Baldwin Insurance Group had a positive return on equity of 7.61% and a negative net margin of 7.40%. The business had revenue of $284.65 million for the quarter, compared to analysts’ expectations of $282.00 million. As a group, research analysts expect that The Baldwin Insurance Group, Inc. will post 1.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BRP has been the topic of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Wells Fargo & Company dropped their price objective on The Baldwin Insurance Group from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, April 11th. Bank of America cut their price target on shares of The Baldwin Insurance Group from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. upgraded shares of The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $27.00 to $33.00 in a research note on Monday, April 8th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $33.40.

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.