ProShare Advisors LLC acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 18,771 shares of the company's stock, valued at approximately $728,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Elevation Wealth Partners LLC bought a new stake in The Baldwin Insurance Group during the fourth quarter worth about $32,000. Nisa Investment Advisors LLC acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at about $33,000. TD Waterhouse Canada Inc. bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $36,000. Assetmark Inc. bought a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $38,000. Finally, Premier Fund Managers Ltd bought a new position in The Baldwin Insurance Group during the 4th quarter worth approximately $44,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 68,740 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total value of $2,790,844.00. Following the transaction, the chief executive officer now owns 80,663 shares of the company's stock, valued at $3,274,917.80. This represents a 46.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James Morgan Roche sold 3,572 shares of The Baldwin Insurance Group stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $40.04, for a total transaction of $143,022.88. Following the sale, the insider now directly owns 86,828 shares of the company's stock, valued at $3,476,593.12. This represents a 3.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 234,212 shares of company stock valued at $9,345,852. Corporate insiders own 18.51% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on BWIN shares. Jefferies Financial Group lifted their target price on 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 assumed coverage on The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price for the company. Wells Fargo & Company increased their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research report on Thursday, April 10th. Finally, 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $45.33.
View Our Latest Research Report on The Baldwin Insurance Group
The Baldwin Insurance Group Stock Performance
The Baldwin Insurance Group stock traded up $0.25 during midday trading on Friday, hitting $38.74. The stock had a trading volume of 22,737 shares, compared to its average volume of 555,236. The Baldwin Insurance Group, Inc. has a 52-week low of $31.47 and a 52-week high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $4.59 billion, a PE ratio of -60.55, a P/E/G ratio of 1.17 and a beta of 1.77. The firm's fifty day moving average is $41.26 and its two-hundred day moving average is $41.50.
About The Baldwin Insurance Group
(
Free Report)
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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