The Baldwin Insurance Group (NASDAQ:BRP) Sets New 52-Week High – Here’s Why

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) hit a new 52-week high on Monday . The company traded as high as $48.98 and last traded at $48.57, with a volume of 378995 shares changing hands. The stock had previously closed at $47.83.

The Baldwin Insurance Group Stock Down 1.2 %

The firm has a market capitalization of $5.73 billion, a P/E ratio of -53.63, a P/E/G ratio of 0.91 and a beta of 1.54. The company has a fifty day simple moving average of $48.78 and a 200 day simple moving average of $42.31. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. William Blair Investment Management LLC boosted its holdings 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 purchasing an additional 157,631 shares during the last quarter. State Street Corp boosted its stake in shares of The Baldwin Insurance Group by 13.3% in the 3rd quarter. State Street Corp now owns 1,956,551 shares of the company’s stock worth $63,901,000 after buying an additional 229,387 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of The Baldwin Insurance Group by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,550,357 shares of the company’s stock worth $77,223,000 after acquiring an additional 9,326 shares during the period. Dimensional Fund Advisors LP increased its position in The Baldwin Insurance Group by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,082,243 shares of the company’s stock valued at $38,386,000 after acquiring an additional 72,563 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its holdings in The Baldwin Insurance Group by 53.7% in the second 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 period. 70.42% of the stock is 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.