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

Emerald Advisers LLC trimmed its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 14.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 holdings, making the stock its 17th biggest position. Emerald Advisers LLC owned 0.63% of Baldwin Insurance Group worth $33,277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. KBC Group NV boosted its stake in Baldwin Insurance Group by 12.1% in the 1st quarter. KBC Group NV now owns 3,675 shares of the company's stock worth $164,000 after purchasing an additional 396 shares during the period. Toth Financial Advisory Corp boosted its stake in Baldwin Insurance Group by 3.3% in the 1st quarter. Toth Financial Advisory Corp now owns 17,335 shares of the company's stock worth $775,000 after purchasing an additional 550 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Baldwin Insurance Group by 0.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 109,566 shares of the company's stock valued at $4,897,000 after acquiring an additional 742 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Baldwin Insurance Group during the 4th quarter valued at approximately $36,000. Finally, Assetmark Inc. bought a new position in shares of Baldwin Insurance Group during the 4th quarter valued at approximately $38,000. 77.49% of the stock is currently owned by institutional investors.

Baldwin Insurance Group Stock Down 1.2%

Shares of BWIN opened at $40.76 on Friday. The company has a market cap of $4.83 billion, a PE ratio of -78.38, a P/E/G ratio of 1.58 and a beta of 1.64. The business has a fifty day moving average of $39.67 and a 200 day moving average of $40.54. Baldwin Insurance Group, Inc. has a 52-week low of $34.22 and a 52-week high of $55.82. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.43.

Insider Buying and Selling

In related news, Director Lowry Baldwin sold 50,000 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $38.98, for a total value of $1,949,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James Morgan Roche sold 26,679 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $40.07, for a total value of $1,069,027.53. Following the completion of the sale, the insider owned 42,113 shares in the company, valued at approximately $1,687,467.91. The trade was a 38.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 451,380 shares of company stock valued at $17,731,131 in the last three months. Corporate insiders own 18.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BWIN. Wells Fargo & Company increased their target price on Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a research report on Thursday. Jefferies Financial Group increased their target price on Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research report on Friday, April 11th. BMO Capital Markets lowered their target price on 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. Wall Street Zen downgraded Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $45.00 target price (up from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Baldwin Insurance Group presently has an average rating of "Hold" and a consensus target price of $45.17.

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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