The Baldwin Insurance Group (NASDAQ:BRP) Sets New 52-Week High at $37.34

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $37.34 and last traded at $36.42, with a volume of 356348 shares changing hands. The stock had previously closed at $36.46.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BRP. JPMorgan Chase & Co. raised shares of The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $27.00 to $33.00 in a report on Monday, April 8th. Wells Fargo & Company decreased their price target on The Baldwin Insurance Group from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 11th. Keefe, Bruyette & Woods upped their price objective on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, UBS Group boosted their target price on shares of The Baldwin Insurance Group from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $34.00.

The Baldwin Insurance Group Stock Up 0.6 %

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 firm has a 50 day moving average of $33.42 and a two-hundred day moving average of $28.88. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of -39.98, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, insider Daniel Galbraith sold 1,040 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $30.76, for a total transaction of $31,990.40. Following the sale, the insider now owns 31,126 shares of the company’s stock, valued at $957,435.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Daniel Galbraith sold 1,040 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $30.76, for a total value of $31,990.40. Following the completion of the transaction, the insider now owns 31,126 shares of the company’s stock, valued at $957,435.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Morgan Roche sold 5,000 shares of The Baldwin Insurance Group stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $30.61, for a total transaction of $153,050.00. Following the sale, the insider now owns 233,499 shares in the company, valued at $7,147,404.39. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,874 shares of company stock valued at $510,385. 22.65% of the stock is owned by insiders.

Hedge Funds Weigh In On The Baldwin Insurance Group

A number of hedge funds have recently made changes to their positions in BRP. Annis Gardner Whiting Capital Advisors LLC grew its holdings in The Baldwin Insurance Group by 47.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 325,830 shares of the company’s stock worth $7,826,000 after acquiring an additional 104,800 shares during the period. Vanguard Group Inc. increased its stake in The Baldwin Insurance Group by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 6,107,277 shares of the company’s stock valued at $146,697,000 after purchasing an additional 111,662 shares in the last quarter. Tributary Capital Management LLC raised its holdings in shares of The Baldwin Insurance Group by 11.7% during the fourth quarter. Tributary Capital Management LLC now owns 469,305 shares of the company’s stock valued at $11,273,000 after purchasing an additional 48,980 shares during the period. Pathway Financial Advisors LLC boosted its position in shares of The Baldwin Insurance Group by 56.3% during the 1st quarter. Pathway Financial Advisors LLC now owns 141,387 shares of the company’s stock worth $4,092,000 after purchasing an additional 50,929 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group in the 1st quarter valued at about $3,592,000. 70.42% of the stock is currently owned by 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.