The Baldwin Insurance Group (BRP) Scheduled to Post Earnings on Tuesday

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

The Baldwin Insurance Group (NASDAQ:BRP) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The firm 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 Up 0.9 %

BRP stock opened at $27.54 on Friday. The Baldwin Insurance Group has a fifty-two week low of $17.33 and a fifty-two week high of $30.84. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of -18.48, a PEG ratio of 0.82 and a beta of 1.54. The business’s fifty day moving average price is $28.26 and its two-hundred day moving average price is $24.47.

Insider Activity

In other news, Director Lowry Baldwin sold 62,629 shares of the business’s stock in a transaction on 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 owns 37,371 shares of the company’s stock, valued at approximately $1,081,516.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Lowry Baldwin sold 62,629 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $28.94, for a total value of $1,812,483.26. Following the sale, the director now directly owns 37,371 shares in the company, valued at approximately $1,081,516.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Seth Bala Cohen sold 1,033 shares of the company’s 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 $309,479.28. The disclosure for this sale can be found here. Corporate insiders own 22.65% of the company’s stock.

Wall Street Analysts Forecast Growth

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