The Baldwin Insurance Group (NASDAQ:BRP) Shares Down 3.5% – What’s Next?

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) traded down 3.5% on Friday . The stock traded as low as $23.84 and last traded at $24.01. 1,353,611 shares were traded during trading, an increase of 257% from the average daily volume of 379,203 shares. The stock had previously closed at $24.87.

The Baldwin Insurance Group Trading Up 9.2%

The business has a 50 day simple moving average of $21.16 and a 200-day simple moving average of $21.78. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of -28.50, 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.

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.