The Baldwin Insurance Group (NASDAQ:BRP) Hits New 1-Year High at $43.44

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) shares reached a new 52-week high during trading on Monday . The stock traded as high as $43.44 and last traded at $43.31, with a volume of 421077 shares trading hands. The stock had previously closed at $42.25.

Analysts Set New Price Targets

Separately, UBS Group upped their price objective on The Baldwin Insurance Group from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, The Baldwin Insurance Group has a consensus rating of “Buy” and a consensus target price of $34.00.

The Baldwin Insurance Group Stock Performance

The firm has a fifty day moving average of $38.89 and a 200-day moving average of $32.47. 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 stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of -46.86, a PEG ratio of 0.91 and a beta of 1.54.

Institutional Investors Weigh In On The Baldwin Insurance Group

A number of large investors have recently added to or reduced their stakes in BRP. Westwood Holdings Group Inc. grew its holdings in The Baldwin Insurance Group by 73.0% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,015,270 shares of the company’s stock valued at $72,427,000 after buying an additional 1,272,353 shares during the last quarter. Boston Partners purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at $30,586,000. Driehaus Capital Management LLC boosted its stake in shares of The Baldwin Insurance Group by 53.7% during the second quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company’s stock valued at $33,057,000 after acquiring an additional 325,751 shares during the last quarter. Confluence Investment Management LLC increased its position in The Baldwin Insurance Group by 178.6% during the 2nd quarter. Confluence Investment Management LLC now owns 345,789 shares of the company’s stock worth $12,265,000 after purchasing an additional 221,668 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in The Baldwin Insurance Group by 19.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 988,830 shares of the company’s stock valued at $23,753,000 after purchasing an additional 162,347 shares during the last quarter. 70.42% of the stock is owned by institutional investors and hedge funds.

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.