The Baldwin Insurance Group (NASDAQ:BRP) Sets New 12-Month High at $37.34

The Baldwin Insurance Group, Inc. (NASDAQ:BRPGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $37.34 and last traded at $36.42, with a volume of 356348 shares changing hands. The stock had previously closed at $36.46.

Wall Street Analyst Weigh In

Several analysts have commented on BRP shares. Wells Fargo & Company lowered their price target 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. Keefe, Bruyette & Woods upped their price objective 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. UBS Group increased their target price 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. Finally, JPMorgan Chase & Co. raised The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $27.00 to $33.00 in a research report on Monday, April 8th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, The Baldwin Insurance Group currently has an average rating of “Buy” and an average target price of $34.00.

Get Our Latest Stock Analysis on The Baldwin Insurance Group

The Baldwin Insurance Group Stock Up 0.6 %

The firm has a 50-day simple moving average of $33.42 and a 200 day simple moving average of $28.88. 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 capitalization of $4.32 billion, a PE ratio of -39.98, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54.

Insider Buying and Selling

In related news, General Counsel Seth Bala Cohen sold 10,834 shares of The Baldwin Insurance Group stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $30.03, for a total transaction of $325,345.02. Following the sale, the general counsel now owns 13,813 shares of the company’s stock, valued at approximately $414,804.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, General Counsel Seth Bala Cohen sold 10,834 shares of The Baldwin Insurance Group stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $30.03, for a total value of $325,345.02. Following the completion of the transaction, the general counsel now directly owns 13,813 shares in the company, valued at $414,804.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Galbraith sold 1,040 shares of the 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 in the company, valued at approximately $957,435.76. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $510,385 in the last quarter. Company insiders own 22.65% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Moody National Bank Trust Division grew its position in shares of The Baldwin Insurance Group by 6.3% during the second quarter. Moody National Bank Trust Division now owns 7,420 shares of the company’s stock worth $263,000 after acquiring an additional 440 shares during the last quarter. Diversified Trust Co raised its holdings in shares of The Baldwin Insurance Group by 4.1% during the fourth quarter. Diversified Trust Co now owns 23,950 shares of the company’s stock valued at $575,000 after buying an additional 950 shares during the last quarter. Parkside Financial Bank & Trust bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $25,000. First National Bank of Omaha boosted its position in shares of The Baldwin Insurance Group by 11.5% during the fourth quarter. First National Bank of Omaha now owns 18,906 shares of the company’s stock worth $454,000 after buying an additional 1,950 shares during the period. Finally, Van Hulzen Asset Management LLC grew its holdings in The Baldwin Insurance Group by 7.6% in the 4th quarter. Van Hulzen Asset Management LLC now owns 33,141 shares of the company’s stock worth $796,000 after buying an additional 2,350 shares in the last quarter. Institutional investors and hedge funds own 70.42% of the company’s stock.

About The Baldwin Insurance Group

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for The Baldwin Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Baldwin Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.