6,973 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Acquired by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. bought 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 filing with the Securities and Exchange Commission. The firm bought 6,973 shares of the company's stock, valued at approximately $270,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $32,000. Nisa Investment Advisors LLC purchased a new position in The Baldwin Insurance Group in the 4th quarter valued at $33,000. Assetmark Inc. acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth $38,000. Premier Fund Managers Ltd purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $44,000. Finally, First Horizon Advisors Inc. purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $55,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on BWIN. Keefe, Bruyette & Woods lowered their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Wells Fargo & Company boosted their price target 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. Jefferies Financial Group increased their price target on shares of 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. Finally, BMO Capital Markets assumed coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, The Baldwin Insurance Group has an average rating of "Moderate Buy" and a consensus target price of $45.29.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 34,901 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 90,099 shares in the company, valued at $3,623,781.78. This represents a 27.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Trevor Baldwin sold 68,740 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was 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 of the company's stock, valued at approximately $3,274,917.80. This trade represents a 46.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is currently owned by company insiders.

The Baldwin Insurance Group Trading Down 2.6 %

NASDAQ BWIN traded down $1.11 on Friday, reaching $41.96. The stock had a trading volume of 417,783 shares, compared to its average volume of 557,331. The Baldwin Insurance Group, Inc. has a 12-month low of $31.47 and a 12-month high of $55.82. The stock has a fifty day moving average price of $41.81 and a two-hundred day moving average price of $43.19. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of -65.56, a P/E/G ratio of 1.17 and a beta of 1.52. 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 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.