The Baldwin Insurance Group (NASDAQ:BRP) Reaches New 1-Year High – Here’s What Happened

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) shares reached a new 52-week high on Monday . The company traded as high as $44.57 and last traded at $43.96, with a volume of 289876 shares. The stock had previously closed at $43.93.

The Baldwin Insurance Group Price Performance

The stock has a market cap of $5.34 billion, a P/E ratio of -48.07, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The company’s fifty day simple moving average is $48.81 and its 200-day simple moving average is $41.66.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new stake in shares of The Baldwin Insurance Group during the third quarter valued at approximately $32,000. First Horizon Advisors Inc. boosted its stake in The Baldwin Insurance Group by 31.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company’s stock worth $50,000 after acquiring an additional 340 shares during the last quarter. HighTower Advisors LLC bought a new position in The Baldwin Insurance Group during the third quarter worth about $131,000. Cyndeo Wealth Partners LLC bought a new position in The Baldwin Insurance Group in the third quarter valued at approximately $144,000. Finally, ZWJ Investment Counsel Inc. bought a new position in The Baldwin Insurance Group during the 3rd quarter worth about $146,000. 70.42% of the stock is currently owned by institutional investors and hedge funds.

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.