Captrust Financial Advisors Takes $335,000 Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Captrust Financial Advisors acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,650 shares of the company's stock, valued at approximately $335,000.

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

Insider Activity

In related news, CEO Trevor Baldwin sold 68,740 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 80,663 shares in the company, valued at approximately $3,274,917.80. The trade was a 46.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Morgan Roche sold 21,035 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $40.05, for a total value of $842,451.75. Following the sale, the insider now owns 117,962 shares in the company, valued at $4,724,378.10. The trade was a 15.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 246,505 shares of company stock worth $9,856,503. 20.14% of the stock is currently owned by insiders.

The Baldwin Insurance Group Price Performance

NASDAQ:BWIN traded down $0.10 during trading hours on Friday, hitting $38.00. 358,783 shares of the company's stock traded hands, compared to its average volume of 556,114. The Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82. The business's fifty day simple moving average is $41.72 and its two-hundred day simple moving average is $41.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm has a market cap of $4.50 billion, a P/E ratio of -59.38, a P/E/G ratio of 1.17 and a beta of 1.77.

Analysts Set New Price Targets

A number of brokerages have issued reports on BWIN. BMO Capital Markets started coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price on the stock. Wells Fargo & Company lifted their price target 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 price objective on 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. reiterated a "neutral" rating and set a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $45.33.

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.