Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Stock Holdings Lessened by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 13.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 109,452 shares of the company's stock after selling 17,481 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.09% of Baldwin Insurance Group worth $4,891,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. FMR LLC acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter worth about $325,535,000. Vanguard Group Inc. acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter worth about $255,331,000. William Blair Investment Management LLC acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter worth about $190,218,000. Bamco Inc. NY acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter worth about $116,668,000. Finally, Capital International Investors acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter worth about $99,040,000. 77.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Baldwin Insurance Group

In other news, Director Lowry Baldwin sold 62,500 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $38.32, for a total transaction of $2,395,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Morgan Roche sold 7,142 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $40.08, for a total transaction of $286,251.36. Following the transaction, the insider now owns 79,686 shares of the company's stock, valued at approximately $3,193,814.88. This trade represents a 8.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 451,380 shares of company stock valued at $17,731,131. Company insiders own 18.51% of the company's stock.

Baldwin Insurance Group Stock Down 6.7%

Baldwin Insurance Group stock opened at $41.56 on Thursday. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of -79.92, a PEG ratio of 1.73 and a beta of 1.65. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.43. The company's 50-day moving average price is $39.90 and its two-hundred day moving average price is $40.52. Baldwin Insurance Group, Inc. has a 52 week low of $33.11 and a 52 week high of $55.82.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BWIN. Jefferies Financial Group increased their price objective on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Wall Street Zen cut shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. Wells Fargo & Company increased their price objective on shares of Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, April 10th. BMO Capital Markets dropped their price objective on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 price objective (up previously from $39.00) on shares of Baldwin Insurance Group in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $44.83.

Baldwin Insurance Group Company 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.

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