The Baldwin Insurance Group (NASDAQ:BRP) Sets New 12-Month High at $42.12

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $42.12 and last traded at $41.60, with a volume of 367589 shares traded. The stock had previously closed at $40.41.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $27.00 to $33.00 in a research report on Monday, April 8th. Keefe, Bruyette & Woods raised their price target on 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. UBS Group raised their price target on The Baldwin Insurance Group from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Wells Fargo & Company decreased their target price on The Baldwin Insurance Group from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, The Baldwin Insurance Group currently has a consensus rating of “Buy” and a consensus price target of $34.00.

The Baldwin Insurance Group Stock Performance

The stock has a market capitalization of $4.87 billion, a PE ratio of -44.99, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The stock has a fifty day moving average of $35.76 and a 200-day moving average of $30.12. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21.

Insiders Place Their Bets

In other news, insider Daniel Galbraith sold 1,040 shares of The Baldwin Insurance Group stock in a transaction dated Thursday, May 9th. The stock was 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 in the company, valued at $957,435.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other The Baldwin Insurance Group news, insider James Morgan Roche sold 5,000 shares of the business’s 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 transaction, the insider now owns 233,499 shares in the company, valued at approximately $7,147,404.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Galbraith sold 1,040 shares of the business’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 transaction, the insider now owns 31,126 shares in the company, valued at approximately $957,435.76. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock valued at $510,385 in the last ninety days. Insiders own 22.65% of the company’s stock.

Hedge Funds Weigh In On The Baldwin Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in BRP. Parkside Financial Bank & Trust purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $25,000. First Horizon Advisors Inc. boosted its stake in shares of The Baldwin Insurance Group by 31.6% during 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 in the last quarter. Moody National Bank Trust Division purchased a new stake in shares of The Baldwin Insurance Group during the 1st quarter worth approximately $202,000. Verdence Capital Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group during the 1st quarter worth approximately $203,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $206,000. 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.