Emerald Mutual Fund Advisers Trust Invests $19.96 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Emerald Mutual Fund Advisers Trust bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 514,838 shares of the company's stock, valued at approximately $19,955,000. The Baldwin Insurance Group comprises 1.2% of Emerald Mutual Fund Advisers Trust's investment portfolio, making the stock its 26th largest position. Emerald Mutual Fund Advisers Trust owned about 0.44% of The Baldwin Insurance Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Elevation Wealth Partners LLC bought a new stake in The Baldwin Insurance Group in the 4th quarter valued at $32,000. Nisa Investment Advisors LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $33,000. TD Waterhouse Canada Inc. bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth approximately $36,000. Assetmark Inc. acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $38,000. Finally, Premier Fund Managers Ltd acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 77.49% of the company's stock.

The Baldwin Insurance Group Price Performance

BWIN stock traded up $1.14 during trading on Friday, reaching $41.89. 571,860 shares of the company were exchanged, compared to its average volume of 557,709. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of -65.45, a P/E/G ratio of 1.17 and a beta of 1.52. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50-day moving average of $41.95 and a two-hundred day moving average of $42.91. The Baldwin Insurance Group, Inc. has a twelve month low of $31.47 and a twelve month high of $55.82.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at The Baldwin Insurance Group

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the sale, the general counsel now owns 8,813 shares of the company's stock, valued at $366,092.02. This trade represents a 58.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Trevor Baldwin sold 15,902 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were 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 directly owns 13,302 shares in the company, valued at approximately $523,167.66. This trade represents a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is currently owned by company insiders.

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.