The Baldwin Insurance Group (NASDAQ:BRP) Reaches New 12-Month High – Should You Buy?

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $49.96 and last traded at $45.94, with a volume of 890672 shares trading hands. The stock had previously closed at $48.93.

The Baldwin Insurance Group Stock Down 1.5 %

The stock has a market capitalization of $5.22 billion, a P/E ratio of -48.25, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The firm has a 50 day moving average of $48.90 and a 200-day moving average of $41.29. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.90.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BRP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of The Baldwin Insurance Group by 5.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,187 shares of the company’s stock valued at $4,742,000 after acquiring an additional 7,040 shares during the last quarter. Quantbot Technologies LP bought a new position in The Baldwin Insurance Group in the third quarter valued at $32,000. Westfield Capital Management Co. LP bought a new position in shares of The Baldwin Insurance Group in the 3rd quarter valued at about $23,465,000. Charles Schwab Investment Management Inc. increased its position in shares of The Baldwin Insurance Group by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 546,975 shares of the company’s stock worth $17,864,000 after purchasing an additional 11,523 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in The Baldwin Insurance Group during the third quarter worth $510,000. 70.42% of the stock is owned by institutional investors.

About The Baldwin Insurance Group

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.