The Baldwin Insurance Group (NASDAQ:BRP) PT Raised to $37.00

The Baldwin Insurance Group (NASDAQ:BRPFree Report) had its target price raised by UBS Group from $35.00 to $37.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

BRP has been the subject of a number of other reports. Bank of America reduced their price target on shares of The Baldwin Insurance Group from $44.00 to $42.00 and set a buy rating for the company in a report on Thursday, February 29th. Wells Fargo & Company dropped their price target on shares of 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. Keefe, Bruyette & Woods lifted their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an outperform rating in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. upgraded The Baldwin Insurance Group from a neutral rating to an overweight rating and upped their price objective for the company from $27.00 to $33.00 in a research note on Monday, April 8th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Buy and an average price target of $34.00.

Check Out Our Latest Report on The Baldwin Insurance Group

The Baldwin Insurance Group Price Performance

Shares of The Baldwin Insurance Group stock opened at $30.48 on Tuesday. 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 Baldwin Insurance Group has a fifty-two week low of $17.33 and a fifty-two week high of $32.00. The firm has a fifty day moving average price of $28.50 and a two-hundred day moving average price of $24.93. The company has a market cap of $3.56 billion, a PE ratio of -33.13, a price-to-earnings-growth ratio of 0.87 and a beta of 1.54.

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

Insiders Place Their Bets

In other news, General Counsel Seth Bala Cohen sold 1,033 shares of The Baldwin Insurance Group stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $29.04, for a total value of $29,998.32. Following the completion of the transaction, the general counsel now owns 10,657 shares in the company, valued at $309,479.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 62,629 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $28.94, for a total value of $1,812,483.26. Following the completion of the transaction, the director now directly owns 37,371 shares of the company’s stock, valued at $1,081,516.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Seth Bala Cohen sold 1,033 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $29.04, for a total transaction of $29,998.32. Following the sale, the general counsel now directly owns 10,657 shares in the company, valued at $309,479.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,536 shares of company stock valued at $2,352,867. 22.65% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BRP. Parkside Financial Bank & Trust acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at $25,000. Quantbot Technologies LP bought a new stake in The Baldwin Insurance Group during the 3rd quarter worth about $64,000. Moody National Bank Trust Division acquired a new position in The Baldwin Insurance Group during the 1st quarter valued at about $202,000. Verdence Capital Advisors LLC bought a new position in shares of The Baldwin Insurance Group in the 1st quarter valued at about $203,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $206,000. 70.42% of the stock is currently owned by institutional investors.

About The Baldwin Insurance Group

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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.

See Also

Analyst Recommendations for The Baldwin Insurance Group (NASDAQ:BRP)

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