The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Get Free Report)'s share price rose 3% during trading on Monday . The company traded as high as $40.12 and last traded at $39.97. Approximately 340,636 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 379,203 shares. The stock had previously closed at $38.79.
The Baldwin Insurance Group Stock Performance
The company has a fifty day moving average price of $40.43 and a 200 day moving average price of $44.22. 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 has a market cap of $5.07 billion, a P/E ratio of -46.87, a P/E/G ratio of 0.91 and a beta of 1.54.
Institutional Investors Weigh In On The Baldwin Insurance Group
A number of institutional investors and hedge funds have recently made changes to their positions in BRP. Principal Financial Group Inc. boosted its holdings in The Baldwin Insurance Group by 40.7% during the 3rd quarter. Principal Financial Group Inc. now owns 73,232 shares of the company's stock worth $2,392,000 after acquiring an additional 21,174 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in The Baldwin Insurance Group in the third quarter valued at about $569,000. Natixis Advisors LLC increased its position in The Baldwin Insurance Group by 4.4% in the third quarter. Natixis Advisors LLC now owns 30,264 shares of the company's stock worth $988,000 after buying an additional 1,281 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in The Baldwin Insurance Group during the third quarter valued at about $714,000. Finally, King Luther Capital Management Corp bought a new position in The Baldwin Insurance Group in the 3rd quarter worth approximately $878,000. Institutional investors and hedge funds own 70.42% of the company's stock.
About The Baldwin Insurance Group
(
Get Free Report)
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.
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