NewEdge Advisors LLC Makes New $402,000 Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

NewEdge Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,375 shares of the company's stock, valued at approximately $402,000.

Other institutional investors have also recently made changes to their positions in the company. Elevation Wealth Partners LLC bought a new stake in The Baldwin Insurance Group in the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth about $33,000. Assetmark Inc. bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $38,000. Premier Fund Managers Ltd purchased a new position in The Baldwin Insurance Group during the 4th quarter valued at $44,000. Finally, First Horizon Advisors Inc. bought a new position in The Baldwin Insurance Group in the fourth quarter worth about $55,000. Institutional investors own 77.49% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. BMO Capital Markets assumed coverage on shares of The Baldwin Insurance Group in a research note on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price for the company. Jefferies Financial Group lifted their price objective on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company boosted 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, Keefe, Bruyette & Woods lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, The Baldwin Insurance Group currently has an average rating of "Moderate Buy" and an average target price of $45.29.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 68,740 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the transaction, the chief executive officer now owns 80,663 shares in the company, valued at $3,274,917.80. The trade was a 46.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lowry Baldwin sold 34,901 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the transaction, the director now owns 90,099 shares in the company, valued at $3,623,781.78. The trade was a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock valued at $5,330,639 over the last 90 days. 20.14% of the stock is owned by corporate insiders.

The Baldwin Insurance Group Price Performance

The Baldwin Insurance Group stock traded down $0.61 during midday trading on Monday, reaching $41.28. 66,558 shares of the stock traded hands, compared to its average volume of 555,796. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The stock has a market cap of $4.85 billion, a P/E ratio of -64.41, a PEG ratio of 1.17 and a beta of 1.52. The Baldwin Insurance Group, Inc. has a 12 month low of $31.47 and a 12 month high of $55.82. The stock's fifty day moving average is $42.00 and its 200-day moving average is $42.68.

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.