The Baldwin Insurance Group (NASDAQ:BRP) Reaches New 52-Week High at $49.65

The Baldwin Insurance Group, Inc. (NASDAQ:BRP)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $49.65 and last traded at $49.06, with a volume of 548482 shares trading hands. The stock had previously closed at $49.18.

The Baldwin Insurance Group Stock Down 0.2 %

The company has a market cap of $5.77 billion, a PE ratio of -53.46, a P/E/G ratio of 0.91 and a beta of 1.54. The firm has a 50-day simple moving average of $42.99 and a two-hundred day simple moving average of $35.08. 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 Investors Weigh In On The Baldwin Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Truist Financial Corp boosted its position in The Baldwin Insurance Group by 11.8% during the second quarter. Truist Financial Corp now owns 10,859 shares of the company’s stock worth $380,000 after acquiring an additional 1,150 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in shares of The Baldwin Insurance Group by 53.7% during the 2nd quarter. Driehaus Capital Management LLC now owns 931,959 shares of the company’s stock worth $33,057,000 after purchasing an additional 325,751 shares during the period. Select Equity Group L.P. acquired a new stake in shares of The Baldwin Insurance Group during the second quarter worth $1,045,000. Lighthouse Investment Partners LLC grew its position in shares of The Baldwin Insurance Group by 107.1% in the second quarter. Lighthouse Investment Partners LLC now owns 68,714 shares of the company’s stock valued at $2,437,000 after purchasing an additional 35,539 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of The Baldwin Insurance Group by 21.7% in the second quarter. The Manufacturers Life Insurance Company now owns 35,717 shares of the company’s stock valued at $1,267,000 after purchasing an additional 6,370 shares during the period. 70.42% of the stock is currently owned by hedge funds and other institutional investors.

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.