Captrust Financial Advisors Buys New Stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Captrust Financial Advisors bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,650 shares of the company's stock, valued at approximately $335,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Emerald Advisers LLC purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $33,608,000. Principal Financial Group Inc. purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $2,320,000. Bamco Inc. NY purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $116,668,000. William Blair Investment Management LLC purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $190,218,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $805,000. 77.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider James Morgan Roche sold 3,572 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $40.04, for a total transaction of $143,022.88. Following the transaction, the insider now owns 86,828 shares in the company, valued at $3,476,593.12. This represents a 3.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lowry Baldwin sold 62,500 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $39.00, for a total transaction of $2,437,500.00. The disclosure for this sale can be found here. Insiders sold a total of 246,505 shares of company stock worth $9,856,503 in the last quarter. 18.51% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on BWIN shares. 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 price target for the company. Jefferies Financial Group upped their price target 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. JPMorgan Chase & Co. restated a "neutral" rating and issued a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company increased their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, The Baldwin Insurance Group currently has an average rating of "Hold" and an average price target of $45.33.

The Baldwin Insurance Group Stock Down 0.3%

BWIN stock traded down $0.10 during midday trading on Monday, reaching $38.00. The company had a trading volume of 358,783 shares, compared to its average volume of 556,735. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82. 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 company has a market capitalization of $4.50 billion, a P/E ratio of -59.38, a PEG ratio of 1.17 and a beta of 1.77. The company has a 50 day moving average of $41.61 and a two-hundred day moving average of $41.61.

The 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.