LPL Financial LLC Makes New $2.73 Million Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

LPL Financial LLC bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 67,046 shares of the company's stock, valued at approximately $2,730,000. LPL Financial LLC owned about 0.06% of The Baldwin Insurance Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth about $32,000. Nisa Investment Advisors LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $33,000. Assetmark Inc. purchased a new stake in The Baldwin Insurance Group in the 4th quarter valued at $38,000. First Horizon Advisors Inc. purchased a new position in The Baldwin Insurance Group during the 4th quarter worth $55,000. Finally, Parkside Financial Bank & Trust purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $59,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Trevor Baldwin sold 68,740 shares of the company's 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 sale, the chief executive officer now owns 80,663 shares of the company's stock, valued at approximately $3,274,917.80. This represents a 46.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the transaction, the general counsel now directly owns 8,813 shares of the company's stock, valued at $366,092.02. The trade was a 58.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,836 shares of company stock worth $5,330,639 over the last ninety days. 20.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on BWIN shares. 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. BMO Capital Markets started 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 objective for the company. Jefferies Financial Group lifted 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 report on Friday, April 11th. Keefe, Bruyette & Woods cut their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Finally, Wells Fargo & Company upped their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $45.29.

The Baldwin Insurance Group Price Performance

NASDAQ BWIN traded down $0.32 during trading hours on Thursday, reaching $42.46. The company's stock had a trading volume of 66,707 shares, compared to its average volume of 586,573. 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 company's 50-day moving average is $41.70 and its two-hundred day moving average is $43.58. The Baldwin Insurance Group, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $55.82. The stock has a market cap of $4.99 billion, a PE ratio of -66.34, a PEG ratio of 1.17 and a beta of 1.52.

The Baldwin Insurance Group Company 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.