The Baldwin Insurance Group (NASDAQ:BRP) Shares Up 3% – What’s Next?

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) shot up 3% on Monday . The stock traded as high as $40.12 and last traded at $39.97. 340,636 shares changed hands during trading, a decline of 10% from the average session volume of 379,203 shares. The stock had previously closed at $38.79.

The Baldwin Insurance Group Stock Performance

The stock has a 50-day moving average price of $40.13 and a 200 day moving average price of $44.29. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of -43.45, 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.

Hedge Funds Weigh In On The Baldwin Insurance Group

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $40,363,000 after acquiring an additional 1,175,484 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of The Baldwin Insurance Group by 40.7% in the third quarter. Principal Financial Group Inc. now owns 73,232 shares of the company’s stock valued at $2,392,000 after purchasing an additional 21,174 shares during the period. Lord Abbett & CO. LLC purchased a new stake in shares of The Baldwin Insurance Group during the third quarter worth approximately $19,312,000. Geode Capital Management LLC lifted its holdings in shares of The Baldwin Insurance Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,550,357 shares of the company’s stock worth $77,223,000 after purchasing an additional 9,326 shares during the period. Finally, Barclays PLC grew its position in The Baldwin Insurance Group by 16.9% in the 3rd quarter. Barclays PLC now owns 109,078 shares of the company’s stock valued at $3,562,000 after buying an additional 15,731 shares during the last quarter. 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.