The Baldwin Insurance Group (NASDAQ:BRP) Reaches New 12-Month High at $50.54

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.54 and last traded at $49.80, with a volume of 550424 shares traded. The stock had previously closed at $50.22.

The Baldwin Insurance Group Stock Performance

The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. The stock’s fifty day moving average is $44.85 and its two-hundred day moving average is $36.36. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of -54.59, a P/E/G ratio of 0.91 and a beta of 1.54.

Institutional Trading of The Baldwin Insurance Group

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in The Baldwin Insurance Group by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 6,107,277 shares of the company’s stock worth $146,697,000 after buying an additional 111,662 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in The Baldwin Insurance Group in the 2nd quarter worth about $5,177,000. Pathway Financial Advisors LLC raised its position in The Baldwin Insurance Group by 56.3% in 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 last quarter. Confluence Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group during the first quarter valued at about $3,592,000. Finally, Principal Financial Group Inc. bought a new stake in shares of The Baldwin Insurance Group during the first quarter worth about $1,298,000. 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.