The Baldwin Insurance Group (NASDAQ:BRP) Shares Down 1.6% – Time to Sell?

The Baldwin Insurance Group, Inc. (NASDAQ:BRP)’s share price dropped 1.6% during mid-day trading on Tuesday . The stock traded as low as $16.03 and last traded at $16.50. Approximately 1,391,665 shares were traded during trading, an increase of 267% from the average daily volume of 379,203 shares. The stock had previously closed at $16.76.

The Baldwin Insurance Group Trading Down 1.6%

The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50-day moving average is $23.17 and its two-hundred day moving average is $26.77. The stock has a market cap of $1.94 billion, a P/E ratio of -17.93, 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.