The Baldwin Insurance Group (NASDAQ:BRP) Sets New 12-Month High at $42.12

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) shares reached a new 52-week high on Tuesday . The stock traded as high as $42.12 and last traded at $41.60, with a volume of 367589 shares. The stock had previously closed at $40.41.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BRP shares. JPMorgan Chase & Co. raised shares of The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $27.00 to $33.00 in a research report on Monday, April 8th. Wells Fargo & Company dropped their target price on shares of The Baldwin Insurance Group from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, April 11th. UBS Group increased their target price on shares of The Baldwin Insurance Group from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Finally, Keefe, Bruyette & Woods increased their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $34.00.

The Baldwin Insurance Group Price Performance

The firm has a market cap of $4.87 billion, a price-to-earnings ratio of -44.99, a P/E/G ratio of 0.91 and a beta of 1.54. The business’s 50-day simple moving average is $35.76 and its two-hundred day simple moving average is $30.12. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21.

Insider Transactions at The Baldwin Insurance Group

In other 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 owns 31,126 shares of the company’s stock, valued at approximately $957,435.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other 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 owns 31,126 shares of the company’s stock, valued at approximately $957,435.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James Morgan Roche sold 5,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $30.61, for a total value of $153,050.00. Following the completion of the transaction, the insider now owns 233,499 shares in the company, valued at $7,147,404.39. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock valued at $510,385 in the last quarter. 22.65% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Baldwin Insurance Group

Hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $25,000. First Horizon Advisors Inc. increased its holdings in The Baldwin Insurance Group by 31.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company’s stock worth $50,000 after acquiring an additional 340 shares during the last quarter. Moody National Bank Trust Division purchased a new stake in The Baldwin Insurance Group in the 1st quarter worth about $202,000. Verdence Capital Advisors LLC purchased a new stake in The Baldwin Insurance Group in the 1st quarter worth about $203,000. Finally, Janney Montgomery Scott LLC purchased a new stake in The Baldwin Insurance Group in the 1st quarter worth about $207,000. 70.42% of the stock is currently owned by institutional investors.

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.