Confluence Investment Management LLC Sells 9,024 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Confluence Investment Management LLC lowered its stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 423,042 shares of the company's stock after selling 9,024 shares during the quarter. Confluence Investment Management LLC owned about 0.36% of The Baldwin Insurance Group worth $18,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

The Baldwin Insurance Group Stock Up 0.6%

NASDAQ:BWIN traded up $0.23 on Friday, reaching $38.72. 516,258 shares of the stock traded hands, compared to its average volume of 558,488. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of -60.50, a PEG ratio of 1.17 and a beta of 1.77. 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 12 month low of $31.47 and a 12 month high of $55.82. The company's fifty day simple moving average is $41.11 and its 200 day simple moving average is $41.45.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BWIN shares. BMO Capital Markets initiated coverage on The Baldwin Insurance Group in a research note on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price target on the stock. Wells Fargo & Company increased 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 upped their price target on shares of 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. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. 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 stock. Based on data from MarketBeat.com, The Baldwin Insurance Group has an average rating of "Hold" and a consensus price target of $45.33.

Insider Activity

In other news, CEO Trevor Baldwin sold 68,740 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the sale, the chief executive officer now owns 80,663 shares of the company's stock, valued at $3,274,917.80. This trade represents a 46.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $842,451.75. Following the sale, the insider now directly owns 117,962 shares in the company, valued at approximately $4,724,378.10. The trade was a 15.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 296,712 shares of company stock valued at $11,740,852 in the last 90 days. 18.51% of the stock is currently owned by 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.