The Baldwin Insurance Group (NASDAQ:BRP) Sets New 12-Month High – Still a Buy?

The Baldwin Insurance Group, Inc. (NASDAQ:BRP)’s stock price hit a new 52-week high on Monday . The company traded as high as $54.78 and last traded at $53.40, with a volume of 709869 shares. The stock had previously closed at $54.78.

The Baldwin Insurance Group Stock Performance

The stock’s 50-day moving average price is $47.59 and its 200-day moving average price is $38.65. 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 has a market capitalization of $6.28 billion, a P/E ratio of -59.54, a P/E/G ratio of 0.91 and a beta of 1.54.

Hedge Funds Weigh In On The Baldwin Insurance Group

Large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. lifted its stake in The Baldwin Insurance Group by 31.6% in the second quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company’s stock valued at $50,000 after buying an additional 340 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in The Baldwin Insurance Group by 1.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 31,034 shares of the company’s stock valued at $1,101,000 after purchasing an additional 361 shares during the last quarter. Moody National Bank Trust Division boosted its stake in The Baldwin Insurance Group by 6.3% during the 2nd quarter. Moody National Bank Trust Division now owns 7,420 shares of the company’s stock valued at $263,000 after purchasing an additional 440 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in The Baldwin Insurance Group by 5.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,292 shares of the company’s stock worth $542,000 after purchasing an additional 854 shares during the last quarter. Finally, Truist Financial Corp increased its stake in shares of The Baldwin Insurance Group by 11.8% in the second quarter. Truist Financial Corp now owns 10,859 shares of the company’s stock valued at $380,000 after purchasing an additional 1,150 shares during the period. Institutional investors own 70.42% of the company’s stock.

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.