ProShare Advisors LLC Acquires Shares of 18,771 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

ProShare Advisors LLC acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,771 shares of the company's stock, valued at approximately $728,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Elevation Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $32,000. Nisa Investment Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $33,000. TD Waterhouse Canada Inc. purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $36,000. Assetmark Inc. purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $38,000. Finally, Premier Fund Managers Ltd purchased a new stake in The Baldwin Insurance Group in the 4th quarter worth $44,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Trading Up 1.7%

Shares of NASDAQ:BWIN traded up $0.64 during trading on Thursday, hitting $38.65. The company had a trading volume of 163,317 shares, compared to its average volume of 555,733. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of -60.40, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77. The Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one year high of $55.82. The company has a fifty day simple moving average of $41.41 and a two-hundred day simple moving average of $41.57. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

Insider Activity

In other news, insider James Morgan Roche sold 21,035 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $40.05, for a total value of $842,451.75. Following the sale, the insider now directly owns 117,962 shares in the company, valued at approximately $4,724,378.10. This represents a 15.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 80,663 shares in the company, valued at approximately $3,274,917.80. The trade was a 46.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 234,212 shares of company stock valued at $9,345,852 in the last ninety days. Insiders own 18.51% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 price objective (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. BMO Capital Markets started coverage on The Baldwin Insurance Group in a research note on Thursday, March 27th. They set an "outperform" rating and a $53.00 price target for the company. Wells Fargo & Company increased their price target on 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. Finally, Jefferies Financial Group increased their price target on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $45.33.

About The Baldwin Insurance Group

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.