The Baldwin Insurance Group, Inc. (NASDAQ:BRP) Receives $34.00 Average Target Price from Analysts

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) has been given a consensus rating of “Buy” by the six ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $34.00.

BRP has been the topic of several research reports. UBS Group upped their target price on 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. Keefe, Bruyette & Woods lifted their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. upgraded The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $27.00 to $33.00 in a research note on Monday, April 8th. Finally, Wells Fargo & Company reduced their price objective on The Baldwin Insurance Group from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, April 11th.

The Baldwin Insurance Group Price Performance

NASDAQ BRP opened at $36.55 on Wednesday. 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 stock’s fifty day moving average price is $33.23 and its 200 day moving average price is $28.80. The Baldwin Insurance Group has a 1 year low of $17.33 and a 1 year high of $33.03. The company has a market cap of $4.30 billion, a price-to-earnings ratio of -39.73, a PEG ratio of 0.91 and a beta of 1.54.

Insider Buying and Selling

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 10,834 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $30.03, for a total value of $325,345.02. Following the transaction, the general counsel now directly owns 13,813 shares of the company’s stock, valued at approximately $414,804.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 10,834 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $30.03, for a total value of $325,345.02. Following the transaction, the general counsel now directly owns 13,813 shares of the company’s stock, valued at approximately $414,804.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel Galbraith sold 1,040 shares of The Baldwin Insurance Group stock in a transaction that occurred 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 directly owns 31,126 shares in the company, valued at approximately $957,435.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,874 shares of company stock worth $510,385. Insiders own 22.65% of the company’s stock.

Institutional Trading of The Baldwin Insurance Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moody National Bank Trust Division raised its position in The Baldwin Insurance Group by 6.3% in the second 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. Confluence Investment Management LLC grew its stake in shares of The Baldwin Insurance Group by 178.6% in the second quarter. Confluence Investment Management LLC now owns 345,789 shares of the company’s stock worth $12,265,000 after acquiring an additional 221,668 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of The Baldwin Insurance Group in the first quarter worth $207,000. HB Wealth Management LLC grew its stake in shares of The Baldwin Insurance Group by 43.2% in the first quarter. HB Wealth Management LLC now owns 63,667 shares of the company’s stock worth $1,843,000 after acquiring an additional 19,204 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of The Baldwin Insurance Group in the first quarter worth $1,298,000. Hedge funds and other institutional investors own 70.42% of the company’s stock.

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.