Zions Bancorporation N.A. Purchases 6,866 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Zions Bancorporation N.A. raised its stake in The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 18.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 44,251 shares of the company’s stock after purchasing an additional 6,866 shares during the quarter. Zions Bancorporation N.A.’s holdings in The Baldwin Insurance Group were worth $1,445,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its holdings in shares of The Baldwin Insurance Group by 31.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company’s stock valued at $50,000 after purchasing an additional 340 shares during the last quarter. Cyndeo Wealth Partners LLC bought a new position in shares of The Baldwin Insurance Group during the 3rd quarter valued at $144,000. ZWJ Investment Counsel Inc. bought a new stake in The Baldwin Insurance Group in the 3rd quarter worth $146,000. Smith Chas P & Associates PA Cpas bought a new stake in The Baldwin Insurance Group in the 3rd quarter worth $149,000. Finally, Heritage Family Offices LLP bought a new stake in The Baldwin Insurance Group in the 3rd quarter worth $158,000. Institutional investors own 70.42% of the company’s stock.

The Baldwin Insurance Group Trading Down 1.5 %

Shares of BRP opened at $44.39 on Friday. The firm’s 50-day moving average price is $48.90 and its 200-day moving average price is $41.29. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of -48.25, a PEG ratio of 0.91 and a beta of 1.54. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The Baldwin Insurance Group, Inc. has a 1-year low of $17.33 and a 1-year high of $33.03.

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.