The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Get Free Report)'s stock price fell 4.1% during mid-day trading on Tuesday . The stock traded as low as $39.60 and last traded at $41.22. 867,401 shares changed hands during trading, an increase of 129% from the average session volume of 379,203 shares. The stock had previously closed at $42.97.
The Baldwin Insurance Group Stock Performance
The firm has a market capitalization of $4.99 billion, a PE ratio of -46.15, a PEG 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. The company has a 50-day moving average of $41.63 and a 200 day moving average of $43.69.
Institutional Investors Weigh In On The Baldwin Insurance Group
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock valued at $40,363,000 after buying an additional 1,175,484 shares in the last quarter. Principal Financial Group Inc. raised its position in 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 valued at $2,392,000 after purchasing an additional 21,174 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in The Baldwin Insurance Group during the third quarter worth about $19,312,000. Geode Capital Management LLC boosted its holdings in shares of 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 worth $77,223,000 after purchasing an additional 9,326 shares in the last quarter. Finally, Barclays PLC increased its position in shares of The Baldwin Insurance Group by 16.9% during the 3rd quarter. Barclays PLC now owns 109,078 shares of the company's stock valued at $3,562,000 after purchasing an additional 15,731 shares during the last quarter. 70.42% of the stock is owned by hedge funds and other institutional investors.
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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