Lido Advisors LLC Invests $389,000 in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Lido Advisors LLC bought a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,045 shares of the company's stock, valued at approximately $389,000.

A number of other hedge funds have also recently modified their holdings of BWIN. Elevation Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $32,000. Nisa Investment Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $33,000. TD Waterhouse Canada Inc. purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $36,000. Assetmark Inc. purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $38,000. Finally, Premier Fund Managers Ltd purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $44,000. Institutional investors own 77.49% of the company's stock.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 12,293 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the sale, the general counsel now directly owns 8,813 shares of the company's stock, valued at approximately $366,092.02. This trade represents a 58.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lowry Baldwin sold 34,901 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total value of $1,403,718.22. Following the sale, the director now directly owns 90,099 shares in the company, valued at $3,623,781.78. This represents a 27.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock valued at $5,330,639 in the last ninety days. Company insiders own 18.51% of the company's stock.

The Baldwin Insurance Group Stock Down 1.6%

Shares of BWIN traded down $0.62 during midday trading on Friday, hitting $38.77. 391,984 shares of the company's stock traded hands, compared to its average volume of 559,860. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm's fifty day moving average is $41.95 and its 200-day moving average is $42.23. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of -60.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BWIN shares. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Wells Fargo & Company increased their target price on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research report on Thursday, April 10th. Jefferies Financial Group increased their target price on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Finally, BMO Capital Markets started coverage on The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, The Baldwin Insurance Group has a consensus rating of "Moderate Buy" and a consensus target price of $45.29.

About The Baldwin Insurance Group

The Baldwin Insurance 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.