Emerald Mutual Fund Advisers Trust Acquires Shares of 514,838 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

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

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BWIN. Wells Fargo & Company boosted their target price on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, April 10th. Jefferies Financial Group boosted their price target on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. BMO Capital Markets started 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 target price for the company. Finally, Keefe, Bruyette & Woods cut their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $45.29.

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN traded up $1.14 on Friday, hitting $41.89. 571,860 shares of the company's stock traded hands, compared to its average volume of 557,710. The firm's 50-day moving average price is $42.00 and its two-hundred day moving average price is $42.68. The firm has a market capitalization of $4.93 billion, a PE ratio of -65.45, a P/E/G ratio of 1.17 and a beta of 1.52. 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 Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82.

Insider Buying and Selling

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 34,901 shares of the business'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 value of $1,403,718.22. Following the completion of the transaction, the director now directly owns 90,099 shares of the company's stock, valued at approximately $3,623,781.78. The trade was a 27.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Trevor Baldwin sold 15,902 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66. Following the sale, the chief executive officer now directly owns 13,302 shares in the company, valued at $523,167.66. The trade was a 54.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,836 shares of company stock valued at $5,330,639 over the last 90 days. Insiders own 20.14% of the company's stock.

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.