The Baldwin Insurance Group (NASDAQ:BRP) Sets New 12-Month High at $45.54

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $45.54 and last traded at $45.27, with a volume of 322297 shares trading hands. The stock had previously closed at $45.43.

Wall Street Analyst Weigh In

Separately, UBS Group boosted their price target 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. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, The Baldwin Insurance Group currently has a consensus rating of “Buy” and an average target price of $34.00.

The Baldwin Insurance Group Stock Down 0.4 %

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 stock has a market cap of $5.32 billion, a P/E ratio of -49.38, a PEG ratio of 0.91 and a beta of 1.54. The firm has a 50-day simple moving average of $41.92 and a two-hundred day simple moving average of $34.38.

Institutional Investors Weigh In On The Baldwin Insurance Group

A number of large investors have recently bought and sold shares of BRP. Westwood Holdings Group Inc. raised its stake in The Baldwin Insurance Group by 73.0% during the fourth quarter. Westwood Holdings Group Inc. now owns 3,015,270 shares of the company’s stock worth $72,427,000 after acquiring an additional 1,272,353 shares in the last quarter. Boston Partners acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $30,586,000. Driehaus Capital Management LLC grew its stake in shares of The Baldwin Insurance Group by 53.7% during the second quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company’s stock worth $33,057,000 after buying an additional 325,751 shares during the last quarter. Confluence Investment Management LLC increased its holdings in The Baldwin Insurance Group by 178.6% in the 2nd quarter. Confluence Investment Management LLC now owns 345,789 shares of the company’s stock worth $12,265,000 after purchasing an additional 221,668 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings 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 valued at $23,753,000 after buying an additional 162,347 shares during the last quarter. 70.42% of the stock is currently owned by institutional investors and hedge funds.

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.