The Baldwin Insurance Group (NASDAQ:BRP) Stock Price Down 6.2% - Here's What Happened

Key Points

• The Baldwin Insurance Group (NASDAQ:BRP) shares fell 6.2% on Wednesday, closing at $37.36 after trading as low as $36.77.
• The stock's trading volume increased significantly, with over 1.28 million shares exchanged, a 240% increase from its average volume.
• The company has a market capitalization of $4.39 billion and operates as an independent insurance distribution firm in the U.S.

The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Get Free Report)'s share price dropped 6.2% during trading on Wednesday . The company traded as low as $36.77 and last traded at $37.36. Approximately 1,288,517 shares were traded during trading, an increase of 240% from the average daily volume of 379,203 shares. The stock had previously closed at $39.83.

The Baldwin Insurance Group Trading Down 4.2%

The company has a market capitalization of $4.15 billion, a P/E ratio of -38.38, 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 business's 50-day moving average price is $40.00 and its two-hundred day moving average price is $40.82.

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.