The Baldwin Insurance Group (BRP) to Release Quarterly Earnings on Tuesday

The Baldwin Insurance Group (NASDAQ:BRP) will post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect The Baldwin Insurance Group to post earnings of $0.51 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

The Baldwin Insurance Group (NASDAQ:BRP) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $284.65 million for the quarter, compared to analyst estimates of $282.00 million. The Baldwin Insurance Group had a positive return on equity of 7.61% and a negative net margin of 7.40%. On average, analysts expect The Baldwin Insurance Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

The Baldwin Insurance Group Stock Performance

Shares of BRP stock opened at $27.54 on Friday. The stock has a fifty day moving average price of $28.26 and a 200 day moving average price of $24.47. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $3.21 billion, a PE ratio of -18.48, a P/E/G ratio of 0.82 and a beta of 1.54. The Baldwin Insurance Group has a 1 year low of $17.33 and a 1 year high of $30.84.

Insider Transactions at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 1,033 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $29.04, for a total transaction of $29,998.32. Following the transaction, the general counsel now owns 10,657 shares of the company’s stock, valued at approximately $309,479.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, General Counsel Seth Bala Cohen sold 1,033 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $29.04, for a total transaction of $29,998.32. Following the completion of the sale, the general counsel now owns 10,657 shares of the company’s stock, valued at approximately $309,479.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lowry Baldwin sold 62,629 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $28.94, for a total transaction of $1,812,483.26. Following the completion of the transaction, the director now directly owns 37,371 shares in the company, valued at approximately $1,081,516.74. The disclosure for this sale can be found here. Insiders own 22.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BRP shares. JPMorgan Chase & Co. raised shares of The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $27.00 to $33.00 in a research report on Monday, April 8th. Keefe, Bruyette & Woods boosted their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Wells Fargo & Company decreased their price objective on The Baldwin Insurance Group from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, April 11th. Finally, Bank of America dropped their target price on The Baldwin Insurance Group from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $33.40.

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.