The Baldwin Insurance Group, Inc. (NASDAQ:BRP) Given Average Recommendation of “Buy” by Brokerages

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) have been assigned a consensus rating of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One 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. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $34.00.

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of 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. raised shares of The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $27.00 to $33.00 in a research note on Monday, April 8th. Keefe, Bruyette & Woods lifted their price objective on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company lowered their price objective on shares of The Baldwin Insurance Group from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 11th.

Insider Transactions at The Baldwin Insurance Group

In other news, insider Daniel Galbraith sold 1,040 shares of The Baldwin Insurance Group stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $30.76, for a total value of $31,990.40. Following the transaction, the insider now directly owns 31,126 shares of the company’s stock, valued at $957,435.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Daniel Galbraith sold 1,040 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 31,126 shares in the company, valued at $957,435.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James Morgan Roche sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $30.61, for a total transaction of $153,050.00. Following the sale, the insider now owns 233,499 shares of the company’s stock, valued at $7,147,404.39. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $510,385 over the last ninety days. Corporate insiders own 22.65% of the company’s stock.

Institutional Trading of The Baldwin Insurance Group

A number of institutional investors have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of The Baldwin Insurance Group by 47.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 325,830 shares of the company’s stock valued at $7,826,000 after purchasing an additional 104,800 shares during the period. Vanguard Group Inc. increased its position in The Baldwin Insurance Group by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 6,107,277 shares of the company’s stock worth $146,697,000 after acquiring an additional 111,662 shares during the period. Tributary Capital Management LLC increased its position in The Baldwin Insurance Group by 11.7% during the fourth quarter. Tributary Capital Management LLC now owns 469,305 shares of the company’s stock worth $11,273,000 after acquiring an additional 48,980 shares during the period. Pathway Financial Advisors LLC increased its position 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 acquiring an additional 50,929 shares during the period. Finally, Confluence Investment Management LLC bought a new position in The Baldwin Insurance Group during the first quarter worth $3,592,000. 70.42% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Trading Up 0.4 %

Shares of NASDAQ:BRP opened at $36.55 on Wednesday. The company has a market cap of $4.30 billion, a PE ratio of -39.73, a P/E/G 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’s 50-day moving average price is $33.23 and its 200 day moving average price is $28.80. The Baldwin Insurance Group has a fifty-two week low of $17.33 and a fifty-two week high of $33.03.

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.