Diversified Trust Co Buys 10,050 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Diversified Trust Co lifted its stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 42.0% during the first quarter, HoldingsChannel reports. The firm owned 34,000 shares of the company’s stock after acquiring an additional 10,050 shares during the quarter. Diversified Trust Co’s holdings in The Baldwin Insurance Group were worth $984,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Parkside Financial Bank & Trust acquired a new position in The Baldwin Insurance Group during the fourth quarter worth $25,000. Moody National Bank Trust Division acquired a new position in shares of The Baldwin Insurance Group during the 1st quarter worth about $202,000. Victory Capital Management Inc. bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at about $206,000. Altfest L J & Co. Inc. bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at about $244,000. Finally, Trust Point Inc. acquired a new stake in The Baldwin Insurance Group in the 4th quarter valued at about $305,000. Institutional investors own 70.42% of the company’s stock.

Insiders Place Their Bets

In other 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 completion of the sale, the insider now owns 233,499 shares of the company’s stock, valued at $7,147,404.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider James Morgan Roche sold 5,000 shares of The Baldwin Insurance Group stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $30.61, for a total value of $153,050.00. Following the completion of the sale, the insider now directly owns 233,499 shares in the company, valued at $7,147,404.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Seth Bala Cohen sold 10,834 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $30.03, for a total value of $325,345.02. Following the sale, the general counsel now directly owns 13,813 shares in the company, valued at approximately $414,804.39. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $510,385 in the last 90 days. Company insiders own 22.65% of the company’s stock.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BRP opened at $36.29 on Tuesday. The business’s 50 day moving average is $32.12 and its 200-day moving average is $28.24. The firm has a market cap of $4.27 billion, a P/E ratio of -39.45, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The Baldwin Insurance Group, Inc. has a 1-year low of $17.33 and a 1-year high of $33.03. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21.

Wall Street Analysts Forecast Growth

BRP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $27.00 to $33.00 in a research report on Monday, April 8th. Wells Fargo & Company decreased their target price on The Baldwin Insurance Group from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, April 11th. Keefe, Bruyette & Woods raised their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Finally, UBS Group upped their price objective on shares of The Baldwin Insurance Group from $35.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, The Baldwin Insurance Group presently has an average rating of “Buy” and an average price target of $34.00.

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.