Emerald Mutual Fund Advisers Trust Reduces Stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Emerald Mutual Fund Advisers Trust cut its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 11.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 454,140 shares of the company's stock after selling 60,698 shares during the period. Baldwin Insurance Group accounts for approximately 1.4% of Emerald Mutual Fund Advisers Trust's holdings, making the stock its 18th biggest holding. Emerald Mutual Fund Advisers Trust owned about 0.39% of Baldwin Insurance Group worth $20,296,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. FMR LLC acquired a new position in Baldwin Insurance Group during the 4th quarter valued at about $325,535,000. Vanguard Group Inc. acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at approximately $255,331,000. William Blair Investment Management LLC acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at approximately $190,218,000. Bamco Inc. NY acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at approximately $116,668,000. Finally, Capital International Investors acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at approximately $99,040,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BWIN shares. Jefferies Financial Group increased their price target on shares of 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 cut their price target on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Wells Fargo & Company increased their price target on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a research report on Thursday, July 10th. Wall Street Zen downgraded shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $45.00 target price (up from $39.00) on shares of Baldwin Insurance Group in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $45.17.

Baldwin Insurance Group Price Performance

BWIN stock traded down $0.11 during midday trading on Tuesday, reaching $41.16. The company had a trading volume of 507,075 shares, compared to its average volume of 605,272. Baldwin Insurance Group, Inc. has a 1-year low of $34.22 and a 1-year high of $55.82. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50 day moving average price of $39.67 and a 200-day moving average price of $40.55. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of -79.15, a price-to-earnings-growth ratio of 1.58 and a beta of 1.64.

Insider Transactions at Baldwin Insurance Group

In related news, General Counsel Seth Bala Cohen sold 4,496 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was 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 in the company, valued at $524,039.20. This represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Trevor Baldwin sold 117,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $39.83, for a total value of $4,660,110.00. Following the transaction, the chief executive officer directly owned 27,676 shares in the company, valued at $1,102,335.08. The trade was a 80.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 451,380 shares of company stock valued at $17,731,131. 18.51% of the stock is currently owned by company insiders.

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.