The Baldwin Insurance Group, Inc. (NASDAQ:BRP) Insider Sells $31,990.40 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) insider Daniel Galbraith sold 1,040 shares of the company’s stock in a transaction 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 sale, the insider now owns 31,126 shares of the company’s stock, valued at $957,435.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

The Baldwin Insurance Group Price Performance

The Baldwin Insurance Group stock opened at $29.85 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $3.48 billion, a PE ratio of -32.45, a P/E/G ratio of 0.88 and a beta of 1.54. The Baldwin Insurance Group, Inc. has a 12 month low of $17.33 and a 12 month high of $32.00. The stock has a 50-day moving average price of $28.50 and a two-hundred day moving average price of $24.96.

The Baldwin Insurance Group (NASDAQ:BRP) last posted its earnings results on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $284.65 million during the quarter, compared to the consensus estimate of $282.00 million. The Baldwin Insurance Group had a positive return on equity of 9.21% and a negative net margin of 4.29%. Analysts expect that The Baldwin Insurance Group, Inc. will post 1.05 EPS for the current year.

Institutional Investors Weigh In On The Baldwin Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $25,000. Quantbot Technologies LP acquired a new stake in shares of The Baldwin Insurance Group in the third quarter valued at about $64,000. Moody National Bank Trust Division acquired a new stake in shares of The Baldwin Insurance Group in the first quarter valued at about $202,000. Verdence Capital Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group in the first quarter valued at about $203,000. Finally, Janney Montgomery Scott LLC acquired a new stake in The Baldwin Insurance Group during the first quarter worth approximately $207,000. Institutional investors and hedge funds own 70.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wells Fargo & Company cut their target price on The Baldwin Insurance Group from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, April 11th. JPMorgan Chase & Co. upgraded 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. Bank of America dropped their price objective on The Baldwin Insurance Group from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. UBS Group upped their price objective on The Baldwin Insurance Group from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods upped their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. 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. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $34.00.

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.