The Baldwin Insurance Group (NASDAQ:BRP) Trading 3% Higher – Time to Buy?

The Baldwin Insurance Group, Inc. (NASDAQ:BRP)’s stock price shot up 3% on Monday . The company traded as high as $40.12 and last traded at $39.97. 340,636 shares were traded 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 Up 2.3 %

The stock has a market capitalization of $4.88 billion, a P/E ratio of -45.10, a PEG ratio of 0.91 and a beta of 1.54. 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’s fifty day moving average is $40.20 and its two-hundred day moving average is $44.24.

Institutional Trading of The Baldwin Insurance Group

A number of large investors have recently added to or reduced their stakes in BRP. Quantbot Technologies LP bought a new stake in The Baldwin Insurance Group during the third quarter worth approximately $32,000. HighTower Advisors LLC acquired a new position in The Baldwin Insurance Group in the 3rd quarter worth approximately $131,000. Systematic Financial Management LP acquired a new position in The Baldwin Insurance Group in the 3rd quarter worth approximately $443,000. Intech Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group during the 3rd quarter valued at $510,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of The Baldwin Insurance Group during the 3rd quarter valued at $569,000. 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.