The Baldwin Insurance Group (NASDAQ:BRP) Hits New 12-Month High – Still a Buy?

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $51.98 and last traded at $49.74, with a volume of 814786 shares changing hands. The stock had previously closed at $51.50.

The Baldwin Insurance Group Stock Up 1.7 %

The stock has a market cap of $5.95 billion, a PE ratio of -54.98, a P/E/G ratio of 0.91 and a beta of 1.54. The business has a 50 day moving average price of $45.96 and a 200 day moving average price of $37.33. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BRP. 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 in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of The Baldwin Insurance Group in the 2nd quarter worth $5,177,000. Pathway Financial Advisors LLC raised its stake in The Baldwin Insurance Group by 56.3% during the first quarter. Pathway Financial Advisors LLC now owns 141,387 shares of the company’s stock worth $4,092,000 after purchasing an additional 50,929 shares during the period. Confluence Investment Management LLC acquired a new position in The Baldwin Insurance Group in the first quarter valued at approximately $3,592,000. Finally, Principal Financial Group Inc. acquired a new position in shares of The Baldwin Insurance Group in the 1st quarter valued at $1,298,000. 70.42% of the stock is owned by institutional investors and hedge funds.

The Baldwin Insurance Group Company Profile

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.