Annis Gardner Whiting Capital Advisors LLC Has $7.83 Million Stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Free Report) by 47.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 325,830 shares of the company's stock after acquiring an additional 104,800 shares during the quarter. The Baldwin Insurance Group comprises 3.5% of Annis Gardner Whiting Capital Advisors LLC's investment portfolio, making the stock its 4th largest position. Annis Gardner Whiting Capital Advisors LLC owned about 0.28% of The Baldwin Insurance Group worth $7,826,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BRP. Boston Partners bought a new stake in The Baldwin Insurance Group in the 4th quarter worth approximately $30,586,000. Dimensional Fund Advisors LP increased its stake in The Baldwin Insurance Group by 19.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 988,830 shares of the company's stock worth $23,753,000 after purchasing an additional 162,347 shares during the period. Van Hulzen Asset Management LLC boosted its stake in shares of The Baldwin Insurance Group by 7.6% during the fourth quarter. Van Hulzen Asset Management LLC now owns 33,141 shares of the company's stock valued at $796,000 after purchasing an additional 2,350 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of The Baldwin Insurance Group by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 492,812 shares of the company's stock worth $11,837,000 after purchasing an additional 8,753 shares during the last quarter. Finally, Natixis Advisors L.P. increased its stake in shares of The Baldwin Insurance Group by 21.8% in the fourth quarter. Natixis Advisors L.P. now owns 23,224 shares of the company's stock worth $557,000 after buying an additional 4,162 shares during the period. Institutional investors own 70.42% of the company's stock.

Insiders Place Their Bets

In related 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 stock was sold at an average price of $29.04, for a total transaction of $29,998.32. Following the completion of the transaction, the general counsel now owns 10,657 shares of the company's stock, valued at approximately $309,479.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Daniel Galbraith sold 1,040 shares of the company's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $30.76, for a total value of $31,990.40. Following the transaction, the insider now directly owns 31,126 shares of the company's stock, valued at approximately $957,435.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Seth Bala Cohen sold 1,033 shares of the stock in a transaction 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 sale, the general counsel now directly owns 10,657 shares in the company, valued at $309,479.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,536 shares of company stock worth $2,352,867. 22.65% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of The Baldwin Insurance Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $27.00 to $33.00 in a research report on Monday, April 8th. Keefe, Bruyette & Woods upped their price target on 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. Bank of America cut their price objective on The Baldwin Insurance Group from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, February 29th. 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 note on Tuesday, May 14th. Finally, Wells Fargo & Company cut their price target on shares of The Baldwin Insurance Group from $29.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $34.00.

The Baldwin Insurance Group Stock Down 3.4 %

Shares of NASDAQ BRP traded down $1.21 during mid-day trading on Wednesday, hitting $33.98. 630,323 shares of the stock traded hands, compared to its average volume of 355,787. The stock has a fifty day moving average price of $28.82 and a 200-day moving average price of $25.32. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $3.99 billion, a price-to-earnings ratio of -38.25, a PEG ratio of 0.91 and a beta of 1.54. 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 (NASDAQ:BRP - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. The firm had revenue of $284.65 million for the quarter, compared to the consensus estimate of $282.00 million. The Baldwin Insurance Group had a negative net margin of 4.29% and a positive return on equity of 9.21%. Research analysts anticipate that The Baldwin Insurance Group, Inc. will post 1.1 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.