Emerald Mutual Fund Advisers Trust Sells 60,698 Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Emerald Mutual Fund Advisers Trust cut its position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 11.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 454,140 shares of the company's stock after selling 60,698 shares during the quarter. Baldwin Insurance Group comprises 1.4% of Emerald Mutual Fund Advisers Trust's investment portfolio, making the stock its 18th biggest holding. Emerald Mutual Fund Advisers Trust owned approximately 0.39% of Baldwin Insurance Group worth $20,296,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BWIN. TD Waterhouse Canada Inc. purchased a new position in Baldwin Insurance Group during the fourth quarter valued at $36,000. Assetmark Inc. purchased a new position in Baldwin Insurance Group during the fourth quarter valued at $38,000. Premier Fund Managers Ltd purchased a new position in Baldwin Insurance Group during the fourth quarter valued at $44,000. Johnson Financial Group Inc. purchased a new position in Baldwin Insurance Group during the fourth quarter valued at $63,000. Finally, Continuum Advisory LLC purchased a new position in Baldwin Insurance Group during the fourth quarter valued at $75,000. 77.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Baldwin Insurance Group Stock Performance

Baldwin Insurance Group stock traded down $0.48 during mid-day trading on Friday, reaching $40.76. 460,247 shares of the stock traded hands, compared to its average volume of 606,024. The stock has a market capitalization of $4.83 billion, a PE ratio of -78.38, a price-to-earnings-growth ratio of 1.60 and a beta of 1.64. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 1.13. Baldwin Insurance Group, Inc. has a 12-month low of $34.22 and a 12-month high of $55.82. The business's 50-day moving average is $39.67 and its 200-day moving average is $40.54.

Insider Transactions at Baldwin Insurance Group

In related news, CEO Trevor Baldwin sold 117,000 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the completion of the sale, the chief executive officer owned 27,676 shares in the company, valued at approximately $1,102,335.08. This represents a 80.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Seth Bala Cohen sold 4,496 shares of the company's stock in a transaction 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 owned 13,240 shares of the company's stock, valued at approximately $524,039.20. This trade represents a 25.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 451,380 shares of company stock worth $17,731,131 in the last three months. 18.51% of the stock is owned by insiders.

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.