The Baldwin Insurance Group (NASDAQ:BRP) Sets New 12-Month High at $36.33

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) hit a new 52-week high during trading on Monday . The company traded as high as $36.33 and last traded at $36.29, with a volume of 466261 shares traded. The stock had previously closed at $35.47.

Analyst Ratings Changes

A number of analysts recently commented on BRP shares. JPMorgan Chase & Co. upgraded The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $27.00 to $33.00 in a research report on Monday, April 8th. Wells Fargo & Company reduced their target price on 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. Keefe, Bruyette & Woods raised their target price on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, UBS Group raised their target price on The Baldwin Insurance Group from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $34.00.

The Baldwin Insurance Group Price Performance

The company’s 50-day moving average price is $31.95 and its 200-day moving average price is $28.13. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $4.27 billion, a P/E ratio of -35.50, a P/E/G ratio of 0.91 and a beta of 1.54.

Insider Transactions at The Baldwin Insurance Group

In other news, insider Daniel Galbraith sold 1,040 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $30.76, for a total transaction of $31,990.40. Following the completion of the sale, the insider now owns 31,126 shares of the company’s stock, valued at $957,435.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Daniel Galbraith sold 1,040 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $30.76, for a total value of $31,990.40. Following the completion of the transaction, the insider now owns 31,126 shares of the company’s stock, valued at $957,435.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James Morgan Roche sold 5,000 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $30.61, for a total transaction of $153,050.00. Following the completion of the transaction, the insider now directly owns 233,499 shares of the company’s stock, valued at approximately $7,147,404.39. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock valued at $510,385 over the last quarter. Corporate insiders own 22.65% of the company’s stock.

Institutional Trading of The Baldwin Insurance Group

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in The Baldwin Insurance Group by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 6,107,277 shares of the company’s stock valued at $146,697,000 after acquiring an additional 111,662 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in The Baldwin Insurance Group by 73.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 3,015,270 shares of the company’s stock valued at $72,427,000 after acquiring an additional 1,272,353 shares during the last quarter. Boston Partners acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at $30,586,000. Dimensional Fund Advisors LP lifted its stake in shares of The Baldwin Insurance Group by 19.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 988,830 shares of the company’s stock worth $23,753,000 after buying an additional 162,347 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its stake in shares of The Baldwin Insurance Group by 56.2% during the 4th quarter. Peregrine Capital Management LLC now owns 916,920 shares of the company’s stock worth $22,024,000 after buying an additional 329,998 shares during the last quarter. Institutional investors and hedge funds own 70.42% of the company’s stock.

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.