GAMMA Investing LLC Buys 18,010 Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

GAMMA Investing LLC raised its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 10,061.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,189 shares of the company's stock after purchasing an additional 18,010 shares during the quarter. GAMMA Investing LLC's holdings in Baldwin Insurance Group were worth $813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TD Waterhouse Canada Inc. bought a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at about $36,000. Assetmark Inc. purchased a new stake in Baldwin Insurance Group in the fourth quarter valued at approximately $38,000. Premier Fund Managers Ltd acquired a new position in Baldwin Insurance Group in the 4th quarter worth approximately $44,000. First Horizon Advisors Inc. purchased a new stake in Baldwin Insurance Group in the fourth quarter valued at $55,000. Finally, Parkside Financial Bank & Trust acquired a new position in Baldwin Insurance Group in the fourth quarter valued at approximately $59,000. Institutional investors own 77.49% of the company's stock.

Baldwin Insurance Group Stock Down 2.0%

BWIN stock opened at $37.93 on Wednesday. The company's 50-day moving average price is $40.15 and its 200 day moving average price is $40.79. The company has a market cap of $4.50 billion, a P/E ratio of -72.94, a P/E/G ratio of 1.48 and a beta of 1.65. Baldwin Insurance Group, Inc. has a 52 week low of $32.46 and a 52 week high of $55.82. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.43.

Wall Street Analyst Weigh In

Several brokerages have commented on BWIN. Jefferies Financial Group raised their price objective on Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company upped their price target on Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research note on Thursday, April 10th. BMO Capital Markets dropped 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 lowered Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $45.00 price target (up from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $44.83.

Insider Buying and Selling at Baldwin Insurance Group

In other news, CEO Trevor Baldwin sold 58,000 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $38.48, for a total value of $2,231,840.00. Following the completion of the sale, the chief executive officer now owns 144,676 shares in the company, valued at approximately $5,567,132.48. This trade represents a 28.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Morgan Roche sold 26,679 shares of Baldwin Insurance Group stock in a transaction dated 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 sale, the insider now directly owns 42,113 shares in the company, valued at approximately $1,687,467.91. The trade was a 38.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 451,380 shares of company stock valued at $17,731,131. Insiders own 20.14% 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.

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