The Baldwin Insurance Group (NASDAQ:BRP) Trading Down 1.5% - Here's Why

The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Get Free Report) was down 1.5% during mid-day trading on Tuesday . The company traded as low as $39.59 and last traded at $39.84. Approximately 629,036 shares traded hands during mid-day trading, an increase of 66% from the average daily volume of 379,203 shares. The stock had previously closed at $40.43.

The Baldwin Insurance Group Stock Up 1.6%

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 business's 50-day simple moving average is $39.68 and its 200-day simple moving average is $40.53. The company has a market capitalization of $4.72 billion, a PE ratio of -43.66, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54.

About The Baldwin Insurance Group

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.