The Baldwin Insurance Group (NASDAQ:BRP) Reaches New 12-Month High – What’s Next?

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) hit a new 52-week high during trading on Tuesday . The company traded as high as $44.55 and last traded at $42.91, with a volume of 959207 shares changing hands. The stock had previously closed at $44.83.

The Baldwin Insurance Group Price Performance

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 stock’s 50 day moving average price is $48.56 and its two-hundred day moving average price is $43.36. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of -51.43, a PEG ratio of 0.91 and a beta of 1.54.

Institutional Investors Weigh In On The Baldwin Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in The Baldwin Insurance Group during the third quarter valued at about $32,000. First Horizon Advisors Inc. increased its position in shares of The Baldwin Insurance Group by 31.6% during the second 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 period. HighTower Advisors LLC acquired a new position in shares of The Baldwin Insurance Group in the third quarter valued at $131,000. Cyndeo Wealth Partners LLC acquired a new position in shares of The Baldwin Insurance Group in the third quarter valued at $144,000. Finally, ZWJ Investment Counsel Inc. bought a new position in The Baldwin Insurance Group in the third quarter worth $146,000. 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.