The Baldwin Insurance Group (NASDAQ:BRP) Trading 0.7% Higher - Here's What Happened

The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Get Free Report)'s stock price shot up 0.7% on Friday . The stock traded as high as $41.85 and last traded at $41.51. 302,379 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 379,203 shares. The stock had previously closed at $41.23.

The Baldwin Insurance Group Stock Up 0.1 %

The firm has a 50-day moving average of $41.48 and a two-hundred day moving average of $44.73. The company has a market capitalization of $4.82 billion, a PE ratio of -44.55, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21.

Hedge Funds Weigh In On The Baldwin Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of The Baldwin Insurance Group by 1,946.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock valued at $40,363,000 after purchasing an additional 1,175,484 shares during the period. Principal Financial Group Inc. grew its position in shares of The Baldwin Insurance Group by 40.7% during the third 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. Lord Abbett & CO. LLC acquired a new position in shares of The Baldwin Insurance Group in the 3rd quarter valued at $19,312,000. Geode Capital Management LLC raised its position in The Baldwin Insurance Group by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,550,357 shares of the company's stock valued at $77,223,000 after purchasing an additional 9,326 shares during the last quarter. Finally, Barclays PLC grew its position in The Baldwin Insurance Group by 16.9% during the 3rd quarter. Barclays PLC now owns 109,078 shares of the company's stock worth $3,562,000 after purchasing an additional 15,731 shares during the last quarter. 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.