Advisory Services Network LLC Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Advisory Services Network LLC acquired a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,355 shares of the company's stock, valued at approximately $518,000.

Other institutional investors also recently bought and sold shares of the company. Elevation Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC bought a new stake in The Baldwin Insurance Group during the fourth quarter valued at approximately $33,000. Assetmark Inc. purchased a new stake in The Baldwin Insurance Group during the fourth quarter valued at approximately $38,000. Premier Fund Managers Ltd bought a new position in The Baldwin Insurance Group in the fourth quarter worth approximately $44,000. Finally, First Horizon Advisors Inc. purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $55,000. Institutional investors own 77.49% of the company's stock.

Insider Activity

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 34,901 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $40.22, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Trevor Baldwin sold 68,740 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total value of $2,790,844.00. Following the completion of the sale, the chief executive officer now directly owns 80,663 shares of the company's stock, valued at $3,274,917.80. The trade was a 46.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,836 shares of company stock worth $5,330,639 over the last 90 days. Corporate insiders own 20.14% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BWIN. Keefe, Bruyette & Woods decreased their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. BMO Capital Markets initiated coverage on The Baldwin Insurance Group in a research note on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price objective on the stock. Wells Fargo & Company lifted their price objective 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 shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. restated 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 note on Tuesday, April 8th. One 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 stock. According to data from MarketBeat, The Baldwin Insurance Group has an average rating of "Moderate Buy" and an average target price of $45.29.

The Baldwin Insurance Group Price Performance

BWIN traded down $0.53 during trading on Monday, reaching $41.61. 22,820 shares of the company traded hands, compared to its average volume of 558,762. The company has a market cap of $4.89 billion, a P/E ratio of -65.01, a PEG ratio of 1.17 and a beta of 1.52. The Baldwin Insurance Group, Inc. has a 12-month low of $31.47 and a 12-month high of $55.82. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a fifty day simple moving average of $41.74 and a 200 day simple moving average of $43.39.

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.