GAMMA Investing LLC Grows Stock Position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

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

A number of other large investors have also recently made changes to their positions in the stock. Rhumbline Advisers purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter worth $3,476,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter worth $1,840,000. Principal Financial Group Inc. purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter worth $2,320,000. Truist Financial Corp purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter worth $397,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter worth $66,000. 77.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, April 10th. Jefferies Financial Group increased their price objective on Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 price objective (up previously from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Wall Street Zen downgraded Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, BMO Capital Markets lowered their price objective on 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. 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $44.83.

Baldwin Insurance Group Price Performance

NASDAQ BWIN traded up $0.55 during trading hours on Friday, reaching $39.91. 938,173 shares of the stock traded hands, compared to its average volume of 578,413. The stock has a 50 day simple moving average of $39.90 and a two-hundred day simple moving average of $40.57. Baldwin Insurance Group, Inc. has a 1 year low of $32.54 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 company has a market cap of $4.73 billion, a price-to-earnings ratio of -76.75, a price-to-earnings-growth ratio of 1.52 and a beta of 1.65.

Insider Buying and Selling at Baldwin Insurance Group

In other Baldwin Insurance Group news, CEO Trevor Baldwin sold 58,000 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $38.48, for a total transaction of $2,231,840.00. Following the sale, the chief executive officer now owns 144,676 shares in the company, valued at $5,567,132.48. This trade represents a 28.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James Morgan Roche sold 21,035 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $40.05, for a total value of $842,451.75. Following the sale, the insider now owns 117,962 shares in the company, valued at $4,724,378.10. The trade was a 15.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 451,380 shares of company stock worth $17,731,131 over the last 90 days. Corporate insiders own 18.51% of the company's stock.

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.