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The Baldwin Insurance Group (NASDAQ:BRP) Stock Price Up 2.2% - Here's Why

The Baldwin Insurance Group logo with Finance background

Key Points

  • Shares of The Baldwin Insurance Group (NASDAQ: BRP) increased by 2.2%, trading at $31.05 on Friday, with trading volume exceeding the average by 159%.
  • The company has a market capitalization of $3.65 billion and operates as an independent insurance distribution firm with three main segments.
  • BRP Group has a negative P/E ratio of -33.75, indicating potential challenges in profitability alongside a relatively high debt-to-equity ratio of 1.21.
  • Five stocks we like better than The Baldwin Insurance Group.

The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Get Free Report) shot up 2.2% on Friday . The stock traded as high as $31.75 and last traded at $31.05. 983,765 shares traded hands during mid-day trading, an increase of 159% from the average session volume of 379,203 shares. The stock had previously closed at $30.37.

The Baldwin Insurance Group Stock Up 0.1%

The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of -33.79, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. 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 firm has a 50 day moving average price of $35.46 and a two-hundred day moving average price of $39.00.

The Baldwin Insurance Group Company Profile

(Get Free Report)

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.

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