The Baldwin Insurance Group (NASDAQ:BRP) Sets New 52-Week High at $33.86

The Baldwin Insurance Group, Inc. (NASDAQ:BRPGet Free Report) hit a new 52-week high on Monday . The company traded as high as $33.86 and last traded at $33.54, with a volume of 300779 shares traded. The stock had previously closed at $33.32.

Analyst Upgrades and Downgrades

BRP has been the subject of a number of research analyst reports. UBS Group increased their price target on The Baldwin Insurance Group from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. JPMorgan Chase & Co. upgraded The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $27.00 to $33.00 in a research note on Monday, April 8th. Wells Fargo & Company decreased their price target 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. Keefe, Bruyette & Woods increased their price target 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. Finally, Bank of America reduced their price objective on The Baldwin Insurance Group from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $34.00.

Check Out Our Latest Report on The Baldwin Insurance Group

The Baldwin Insurance Group Stock Down 0.2 %

The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of -36.38, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The business’s 50-day moving average is $30.86 and its two-hundred day moving average is $27.28. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21.

Insider Buying and Selling

In other The Baldwin Insurance Group news, insider James Morgan Roche sold 5,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $30.61, for a total value of $153,050.00. Following the transaction, the insider now directly owns 233,499 shares in the company, valued at approximately $7,147,404.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 dated Monday, May 13th. The shares were sold at an average price of $30.61, for a total value of $153,050.00. Following the transaction, the insider now directly owns 233,499 shares in the company, valued at approximately $7,147,404.39. The transaction was disclosed in a document filed 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 dated Thursday, May 9th. The shares were sold at an average price of $30.76, for a total transaction of $31,990.40. Following the completion of the transaction, the insider now owns 31,126 shares in the company, valued at $957,435.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,874 shares of company stock worth $510,385. 22.65% of the stock is owned by insiders.

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. FMR LLC increased its stake in The Baldwin Insurance Group by 51.2% during the 3rd quarter. FMR LLC now owns 8,674,940 shares of the company’s stock worth $201,519,000 after buying an additional 2,938,558 shares during the period. Vanguard Group Inc. increased its stake in The Baldwin Insurance Group by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 6,107,277 shares of the company’s stock worth $146,697,000 after buying an additional 111,662 shares during the period. Westwood Holdings Group Inc. increased its stake in The Baldwin Insurance Group by 73.0% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,015,270 shares of the company’s stock worth $72,427,000 after buying an additional 1,272,353 shares during the period. Invesco Ltd. increased its stake in The Baldwin Insurance Group by 2.6% during the 3rd quarter. Invesco Ltd. now owns 2,112,762 shares of the company’s stock worth $49,079,000 after buying an additional 53,895 shares during the period. Finally, Boston Partners purchased a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $30,586,000. 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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