The Baldwin Insurance Group (NASDAQ:BRP) Reaches New 1-Year High – Here’s Why

The Baldwin Insurance Group, Inc. (NASDAQ:BRP)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $49.96 and last traded at $45.94, with a volume of 890672 shares. The stock had previously closed at $48.93.

The Baldwin Insurance Group Price Performance

The stock’s 50 day simple moving average is $49.00 and its 200-day simple moving average is $40.91. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $5.40 billion, a PE ratio of -53.18, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC increased its position in The Baldwin Insurance Group by 5.4% in the second quarter. William Blair Investment Management LLC now owns 3,083,281 shares of the company’s stock worth $109,364,000 after buying an additional 157,631 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of The Baldwin Insurance Group by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,082,243 shares of the company’s stock worth $38,386,000 after purchasing an additional 72,563 shares in the last quarter. Driehaus Capital Management LLC increased its holdings 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 valued at $33,057,000 after acquiring an additional 325,751 shares during the last quarter. Emerald Advisers LLC grew its holdings in The Baldwin Insurance Group by 1.8% in the 3rd quarter. Emerald Advisers LLC now owns 884,299 shares of the company’s stock valued at $28,881,000 after buying an additional 15,554 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in shares of The Baldwin Insurance Group by 0.5% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 735,417 shares of the company’s stock worth $26,085,000 after purchasing an additional 3,304 shares in the last quarter. Institutional investors and hedge funds 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.