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

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $48.98 and last traded at $48.57, with a volume of 378995 shares changing hands. The stock had previously closed at $47.83.

The Baldwin Insurance Group Trading Down 1.2 %

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 firm has a market capitalization of $5.73 billion, a PE ratio of -53.63, a PEG ratio of 0.91 and a beta of 1.54. The stock’s fifty day simple moving average is $48.78 and its 200 day simple moving average is $42.31.

Institutional Trading of The Baldwin Insurance Group

Hedge funds have recently bought and sold shares of the stock. William Blair Investment Management LLC lifted its position in shares of The Baldwin Insurance Group by 5.4% during the 2nd quarter. William Blair Investment Management LLC now owns 3,083,281 shares of the company’s stock valued at $109,364,000 after buying an additional 157,631 shares in the last quarter. State Street Corp increased its holdings in The Baldwin Insurance Group by 13.3% in the 3rd quarter. State Street Corp now owns 1,956,551 shares of the company’s stock worth $63,901,000 after acquiring an additional 229,387 shares in the last quarter. Geode Capital Management LLC lifted its holdings in The Baldwin Insurance Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,550,357 shares of the company’s stock valued at $77,223,000 after purchasing an additional 9,326 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of The Baldwin Insurance Group by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,082,243 shares of the company’s stock worth $38,386,000 after purchasing an additional 72,563 shares during the period. Finally, Driehaus Capital Management LLC increased its stake in shares of The Baldwin Insurance Group by 53.7% in the second quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company’s stock worth $33,057,000 after purchasing an additional 325,751 shares in the last quarter. 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.