Wealth Enhancement Advisory Services LLC Takes $4.92 Million Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Wealth Enhancement Advisory Services 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 126,933 shares of the company's stock, valued at approximately $4,920,000. Wealth Enhancement Advisory Services LLC owned approximately 0.11% of The Baldwin Insurance Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC bought a new position in The Baldwin Insurance Group in the fourth quarter worth about $325,535,000. Vanguard Group Inc. bought a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $255,331,000. William Blair Investment Management LLC purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $190,218,000. Bamco Inc. NY bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $116,668,000. Finally, Capital International Investors bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $99,040,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Stock Down 4.1%

The Baldwin Insurance Group stock traded down $1.66 during mid-day trading on Wednesday, reaching $38.74. The stock had a trading volume of 519,133 shares, compared to its average volume of 558,977. 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 50-day moving average price of $40.88 and a two-hundred day moving average price of $41.36. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of -60.53, a PEG ratio of 1.17 and a beta of 1.77. 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 Buying and Selling at The Baldwin Insurance Group

In related news, insider James Morgan Roche sold 21,035 shares of the company's 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 transaction, the insider now directly owns 117,962 shares of the company's stock, valued at approximately $4,724,378.10. This represents a 15.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total value of $2,790,844.00. Following the sale, the chief executive officer now owns 80,663 shares in the company, valued at approximately $3,274,917.80. This represents a 46.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 261,811 shares of company stock worth $10,337,133. 18.51% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BWIN has been the subject of a number of research reports. Jefferies Financial Group raised their price objective 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. Wells Fargo & Company increased their price target on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, April 10th. BMO Capital Markets began coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price target for the company. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $45.00 price objective (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $45.33.

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.