Mariner LLC Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Mariner LLC bought a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 13,229 shares of the company's stock, valued at approximately $513,000.

Several other institutional investors have also modified their holdings of the stock. Elevation Wealth Partners LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at $32,000. Nisa Investment Advisors LLC purchased a new stake in The Baldwin Insurance Group during the fourth quarter worth about $33,000. Assetmark Inc. acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth about $38,000. Premier Fund Managers Ltd purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $44,000. Finally, First Horizon Advisors Inc. acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Insider Activity

In other news, Director Lowry Baldwin sold 34,901 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the completion of the sale, the director now directly owns 90,099 shares in the company, valued at $3,623,781.78. This trade represents a 27.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group stock in a transaction that occurred 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 sale, the general counsel now owns 8,813 shares in the company, valued at $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock valued at $5,330,639 in the last ninety days. Company insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Trading Down 4.2 %

BWIN traded down $1.72 during trading on Wednesday, hitting $39.19. The company's stock had a trading volume of 948,537 shares, compared to its average volume of 560,064. The Baldwin Insurance Group, Inc. has a twelve month low of $31.47 and a twelve month high of $55.82. The stock has a market cap of $4.61 billion, a PE ratio of -61.23, a PEG ratio of 1.17 and a beta of 1.77. The firm's 50 day moving average price is $41.98 and its 200-day moving average price is $42.55. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

Analyst Ratings Changes

A number of research analysts recently issued reports on BWIN shares. BMO Capital Markets began coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 target price for the company. Jefferies Financial Group boosted their price objective on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods cut their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Finally, Wells Fargo & Company increased 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 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 given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $45.29.

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.