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

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

The Baldwin Insurance Group Price Performance

The company has a market capitalization of $5.17 billion, a P/E ratio of -47.75, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The business’s 50-day moving average is $48.87 and its two-hundred day moving average is $41.42. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21.

Hedge Funds Weigh In On The Baldwin Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of BRP. Quantbot Technologies LP purchased a new position in The Baldwin Insurance Group in the third quarter valued at about $32,000. First Horizon Advisors Inc. raised its holdings in shares of The Baldwin Insurance Group by 31.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company’s stock worth $50,000 after purchasing an additional 340 shares during the period. HighTower Advisors LLC purchased a new position in The Baldwin Insurance Group in the third quarter valued at approximately $131,000. Cyndeo Wealth Partners LLC bought a new position in The Baldwin Insurance Group during the third quarter valued at $144,000. Finally, ZWJ Investment Counsel Inc. bought a new position in The Baldwin Insurance Group during the third quarter valued at $146,000. Hedge funds and other institutional investors own 70.42% of the company’s stock.

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.