The Baldwin Insurance Group (NASDAQ:BRP) Reaches New 1-Year High at $49.65

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) reached 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 Performance

The company’s fifty day simple moving average is $42.99 and its two-hundred day simple moving average is $35.08. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of -53.46, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90.

Institutional Investors Weigh In On The Baldwin Insurance Group

A number of institutional investors have recently made changes to their positions in BRP. First Horizon Advisors Inc. increased 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 acquiring an additional 340 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of The Baldwin Insurance Group by 1.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 31,034 shares of the company’s stock valued at $1,101,000 after buying an additional 361 shares during the last quarter. Moody National Bank Trust Division raised its holdings in shares of The Baldwin Insurance Group by 6.3% during the second quarter. Moody National Bank Trust Division now owns 7,420 shares of the company’s stock valued at $263,000 after buying an additional 440 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of The Baldwin Insurance Group by 5.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,292 shares of the company’s stock worth $542,000 after buying an additional 854 shares during the period. Finally, Truist Financial Corp grew its holdings in The Baldwin Insurance Group by 11.8% in the 2nd quarter. Truist Financial Corp now owns 10,859 shares of the company’s stock worth $380,000 after buying an additional 1,150 shares in the last quarter. 70.42% of the stock is currently owned by institutional investors.

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.