Emerald Advisers LLC Sells 122,451 Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Emerald Advisers LLC lowered its stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 744,621 shares of the company's stock after selling 122,451 shares during the quarter. Baldwin Insurance Group makes up approximately 1.5% of Emerald Advisers LLC's portfolio, making the stock its 17th largest holding. Emerald Advisers LLC owned about 0.63% of Baldwin Insurance Group worth $33,277,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BWIN. FMR LLC bought a new position in Baldwin Insurance Group during the fourth quarter valued at about $325,535,000. Vanguard Group Inc. bought a new position in Baldwin Insurance Group during the fourth quarter valued at about $255,331,000. William Blair Investment Management LLC bought a new position in Baldwin Insurance Group during the fourth quarter worth about $190,218,000. Bamco Inc. NY bought a new position in Baldwin Insurance Group during the fourth quarter worth about $116,668,000. Finally, Capital International Investors bought a new position in Baldwin Insurance Group during the fourth quarter worth about $99,040,000. Institutional investors own 77.49% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BWIN shares. BMO Capital Markets cut their target price on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, June 13th. Wells Fargo & Company increased their target price on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an "underweight" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $45.00 target price (up previously from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Wall Street Zen lowered shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Finally, Jefferies Financial Group increased their target price on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $45.17.

Baldwin Insurance Group Price Performance

Shares of Baldwin Insurance Group stock traded up $1.50 on Wednesday, reaching $42.66. The stock had a trading volume of 739,914 shares, compared to its average volume of 605,948. Baldwin Insurance Group, Inc. has a 1 year low of $34.22 and a 1 year high of $55.82. The company has a market cap of $5.06 billion, a P/E ratio of 38.11, a price-to-earnings-growth ratio of 1.59 and a beta of 1.64. 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 business's 50 day moving average is $39.76 and its two-hundred day moving average is $40.59.

Insider Activity

In related news, General Counsel Seth Bala Cohen sold 4,496 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $39.58, for a total value of $177,951.68. Following the sale, the general counsel directly owned 13,240 shares of the company's stock, valued at $524,039.20. This trade represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James Morgan Roche sold 26,679 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $40.07, for a total transaction of $1,069,027.53. Following the completion of the sale, the insider directly owned 42,113 shares in the company, valued at $1,687,467.91. This represents a 38.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 451,380 shares of company stock valued at $17,731,131. Corporate insiders own 18.51% of the company's stock.

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.