The Baldwin Insurance Group (NASDAQ:BRP) Sets New 1-Year High – What’s Next?

The Baldwin Insurance Group, Inc. (NASDAQ:BRP)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $53.13 and last traded at $52.58, with a volume of 313427 shares traded. The stock had previously closed at $52.25.

The Baldwin Insurance Group Price Performance

The firm has a 50 day moving average of $46.63 and a two-hundred day moving average of $37.95. The company has a market cap of $6.18 billion, a PE ratio of -56.79, a P/E/G 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.

Hedge Funds Weigh In On The Baldwin Insurance Group

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in The Baldwin Insurance Group by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 6,107,277 shares of the company’s stock valued at $146,697,000 after purchasing an additional 111,662 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in The Baldwin Insurance Group in the 2nd quarter worth about $5,177,000. Pathway Financial Advisors LLC lifted its position in The Baldwin Insurance Group by 56.3% during the first quarter. Pathway Financial Advisors LLC now owns 141,387 shares of the company’s stock valued at $4,092,000 after purchasing an additional 50,929 shares during the period. Confluence Investment Management LLC purchased a new position in shares of The Baldwin Insurance Group in the 1st quarter worth $3,592,000. Finally, Principal Financial Group Inc. bought a new stake in shares of The Baldwin Insurance Group in the first quarter worth $1,298,000. Institutional investors 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.