The Baldwin Insurance Group (NASDAQ:BRP) Trading Down 1.5% – Time to Sell?

The Baldwin Insurance Group, Inc. (NASDAQ:BRP)’s share price dropped 1.5% during trading on Friday . The stock traded as low as $39.61 and last traded at $40.25. Approximately 380,110 shares traded hands during mid-day trading, an increase of 0% from the average daily volume of 379,203 shares. The stock had previously closed at $40.85.

The Baldwin Insurance Group Stock Down 2.7 %

The company has a market cap of $4.61 billion, a P/E ratio of -42.59, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a fifty day moving average price of $39.92 and a two-hundred day moving average price of $44.63.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in The Baldwin Insurance Group in the 3rd quarter valued at about $32,000. HighTower Advisors LLC bought a new position in shares of The Baldwin Insurance Group in the third quarter valued at approximately $131,000. Black Swift Group LLC purchased a new stake in shares of The Baldwin Insurance Group during the third quarter valued at approximately $163,000. Verdence Capital Advisors LLC lifted its holdings in The Baldwin Insurance Group by 5.6% during the third quarter. Verdence Capital Advisors LLC now owns 7,530 shares of the company’s stock worth $246,000 after acquiring an additional 401 shares during the period. Finally, Schneider Downs Wealth Management Advisors LP purchased a new position in The Baldwin Insurance Group in the third quarter worth $268,000. 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.