NewEdge Advisors LLC Takes Position 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) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,375 shares of the company's stock, valued at approximately $402,000.

A number of other institutional investors have also made changes to their positions in BWIN. Elevation Wealth Partners LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $32,000. Nisa Investment Advisors LLC acquired a new stake in The Baldwin Insurance Group in the 4th quarter valued at approximately $33,000. Assetmark Inc. bought a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $38,000. Premier Fund Managers Ltd bought a new position in The Baldwin Insurance Group during the fourth quarter worth $44,000. Finally, First Horizon Advisors Inc. bought a new stake in The Baldwin Insurance Group in the 4th quarter valued at $55,000. 77.49% of the stock is owned by institutional investors.

The Baldwin Insurance Group Stock Up 2.8 %

Shares of BWIN stock traded up $1.14 during trading on Friday, reaching $41.89. The company's stock had a trading volume of 571,860 shares, compared to its average volume of 557,710. 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 Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one year high of $55.82. The business has a fifty day moving average price of $42.00 and a 200-day moving average price of $42.84. The company has a market cap of $4.93 billion, a price-to-earnings ratio of -65.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52.

Insider Activity

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 12,293 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the transaction, the general counsel now owns 8,813 shares in the company, valued at $366,092.02. This trade represents a 58.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Trevor Baldwin sold 68,740 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 80,663 shares in the company, valued at $3,274,917.80. This trade represents a 46.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Jefferies Financial Group boosted 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. Keefe, Bruyette & Woods decreased their price target 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 set a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Wells Fargo & Company lifted their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, April 10th. Finally, BMO Capital Markets began coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, The Baldwin Insurance Group currently has a consensus rating of "Moderate Buy" and an average target price 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.