The Baldwin Insurance Group (NASDAQ:BRP) Shares Up 7.3% – Here’s Why

The Baldwin Insurance Group, Inc. (NASDAQ:BRP) shares rose 7.3% on Friday . The stock traded as high as $27.53 and last traded at $27.50. Approximately 1,489,445 shares changed hands during trading, an increase of 293% from the average daily volume of 379,203 shares. The stock had previously closed at $25.62.

The Baldwin Insurance Group Price Performance

The stock has a 50 day simple moving average of $22.11 and a two-hundred day simple moving average of $22.15. The firm has a market cap of $3.23 billion, a PE ratio of -29.89, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. 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 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.