The Baldwin Insurance Group (NASDAQ:BRP) Shares Down 4.1% - Should You Sell?

The Baldwin Insurance Group, Inc. (NASDAQ:BRP - Get Free Report)'s stock price traded down 4.1% on Tuesday . The company traded as low as $39.60 and last traded at $41.22. 867,401 shares traded hands during mid-day trading, an increase of 129% from the average session volume of 379,203 shares. The stock had previously closed at $42.97.

The Baldwin Insurance Group Price Performance

The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $4.99 billion, a PE ratio of -46.15, a PEG ratio of 0.91 and a beta of 1.54. The stock has a 50 day moving average of $41.63 and a two-hundred day moving average of $43.64.

Institutional Trading of The Baldwin Insurance Group

A number of hedge funds have recently modified their holdings of BRP. JPMorgan Chase & Co. raised its position in The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock valued at $40,363,000 after buying an additional 1,175,484 shares during the period. Principal Financial Group Inc. lifted its position in shares of The Baldwin Insurance Group by 40.7% in the third quarter. Principal Financial Group Inc. now owns 73,232 shares of the company's stock worth $2,392,000 after purchasing an additional 21,174 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of The Baldwin Insurance Group during the third quarter worth approximately $19,312,000. Geode Capital Management LLC grew its position in The Baldwin Insurance Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,550,357 shares of the company's stock valued at $77,223,000 after purchasing an additional 9,326 shares in the last quarter. Finally, Barclays PLC increased its stake in The Baldwin Insurance Group by 16.9% in the 3rd quarter. Barclays PLC now owns 109,078 shares of the company's stock valued at $3,562,000 after buying an additional 15,731 shares during the period. Hedge funds and other institutional investors own 70.42% of the company's stock.

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.