Pathway Financial Advisors LLC Acquires 25,464 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Pathway Financial Advisors LLC boosted its stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 22.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,753 shares of the company's stock after acquiring an additional 25,464 shares during the period. The Baldwin Insurance Group accounts for 1.1% of Pathway Financial Advisors LLC's portfolio, making the stock its 17th largest position. Pathway Financial Advisors LLC owned approximately 0.12% of The Baldwin Insurance Group worth $6,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Aubrey Capital Management Ltd acquired a new stake in shares of The Baldwin Insurance Group during the first quarter worth $1,878,000. Sapient Capital LLC acquired a new stake in shares of The Baldwin Insurance Group during the first quarter worth $2,234,000. Harbor Capital Advisors Inc. increased its holdings in shares of The Baldwin Insurance Group by 89.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 97,778 shares of the company's stock worth $4,370,000 after acquiring an additional 46,171 shares during the period. Toth Financial Advisory Corp increased its holdings in shares of The 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 acquiring an additional 550 shares during the period. Finally, Fenimore Asset Management Inc acquired a new stake in shares of The Baldwin Insurance Group in the 1st quarter worth about $15,227,000. 77.49% of the stock is owned by institutional investors and hedge funds.

The Baldwin Insurance Group Trading Down 0.6%

The Baldwin Insurance Group stock traded down $0.25 during trading hours on Friday, reaching $39.12. 675,686 shares of the company's stock traded hands, compared to its average volume of 573,911. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The Baldwin Insurance Group, Inc. has a fifty-two week low of $32.46 and a fifty-two week high of $55.82. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of -61.13, a PEG ratio of 1.17 and a beta of 1.65. The firm's 50 day moving average is $40.14 and its 200-day moving average is $40.91.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BWIN shares. Jefferies Financial Group increased their target price on shares of The 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 reduced their price objective on shares of The Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Wall Street Zen lowered shares of The Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Finally, Wells Fargo & Company upped their price objective on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $44.83.

Insider Buying and Selling at The Baldwin Insurance Group

In related news, insider James Morgan Roche sold 7,142 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $40.08, for a total transaction of $286,251.36. Following the completion of the sale, the insider now directly owns 79,686 shares of the company's stock, valued at approximately $3,193,814.88. This represents a 8.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 now directly owns 27,676 shares of the company's stock, valued at approximately $1,102,335.08. This trade represents a 80.87% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 451,380 shares of company stock worth $17,731,131. Company insiders own 18.51% of the company's stock.

The 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.