The Baldwin Insurance Group (NASDAQ:BRP) Hits New 1-Year High – Time to Buy?

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 $51.98 and last traded at $49.74, with a volume of 814786 shares. The stock had previously closed at $51.50.

The Baldwin Insurance Group Stock Performance

The stock’s 50-day moving average price is $45.71 and its 200 day moving average price is $37.06. 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 company has a market cap of $5.85 billion, a P/E ratio of -54.07, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54.

Institutional Trading of The Baldwin Insurance Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. raised its stake in shares of The Baldwin Insurance Group by 31.6% in the second quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company’s stock valued at $50,000 after acquiring an additional 340 shares during the last quarter. Moody National Bank Trust Division bought a new position in shares of The Baldwin Insurance Group in the first quarter valued at about $202,000. Janney Montgomery Scott LLC bought a new position in shares of The Baldwin Insurance Group in the first quarter valued at about $207,000. Envestnet Portfolio Solutions Inc. acquired a new position in The Baldwin Insurance Group during the 2nd quarter worth about $269,000. Finally, Wedbush Securities Inc. bought a new stake in The Baldwin Insurance Group during the 2nd quarter worth about $302,000. 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.