Lido Advisors LLC Buys New Stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Lido Advisors LLC acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,045 shares of the company's stock, valued at approximately $389,000.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC purchased a new stake in The Baldwin Insurance Group in the 4th quarter valued at about $325,535,000. Vanguard Group Inc. purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $255,331,000. William Blair Investment Management LLC bought a new position in The Baldwin Insurance Group in the fourth quarter worth approximately $190,218,000. Capital International Investors purchased a new position in The Baldwin Insurance Group during the 4th quarter worth $99,040,000. Finally, Capital Research Global Investors bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at $87,572,000. Institutional investors own 77.49% 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 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. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82. The firm's fifty day moving average is $41.95 and its 200-day moving average is $42.36.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BWIN shares. Keefe, Bruyette & Woods cut their price target on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Jefferies Financial Group boosted their price target on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company increased their price objective on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research note on Thursday, April 10th. BMO Capital Markets assumed coverage on shares of The Baldwin Insurance Group in a research note on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price objective for the company. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, The Baldwin Insurance Group has a consensus rating of "Moderate Buy" and a consensus price target of $45.29.

Insider Activity at The Baldwin Insurance Group

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction on Thursday, February 27th. The shares were 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 $366,092.02. The trade was a 58.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Trevor Baldwin sold 15,902 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $39.33, for a total value of $625,425.66. Following the completion of the transaction, the chief executive officer now owns 13,302 shares of the company's stock, valued at $523,167.66. This trade represents a 54.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,836 shares of company stock valued at $5,330,639 in the last ninety days. Corporate insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Profile

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.