The Baldwin Insurance Group (NASDAQ:BRP) Sets New 52-Week High – Should You Buy?

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) shares reached a new 52-week high on Monday . The stock traded as high as $48.98 and last traded at $48.57, with a volume of 378995 shares changing hands. The stock had previously closed at $47.83.

The Baldwin Insurance Group Stock Up 1.5 %

The firm’s fifty day moving average price is $48.78 and its two-hundred day moving average price is $42.19. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of -52.79, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BRP. Quantbot Technologies LP bought a new position in The Baldwin Insurance Group during the third quarter valued at about $32,000. First Horizon Advisors Inc. grew its position in shares of The Baldwin Insurance Group by 31.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company’s stock valued at $50,000 after acquiring an additional 340 shares during the period. HighTower Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group during the 3rd quarter worth approximately $131,000. Cyndeo Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group during the 3rd quarter worth approximately $144,000. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of The Baldwin Insurance Group in the 3rd quarter worth approximately $146,000. Hedge funds and other institutional investors own 70.42% of the company’s stock.

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.