Emerald Advisers LLC Acquires New Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Emerald Advisers LLC acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, Holdings Channel.com reports. The fund acquired 867,072 shares of the company’s stock, valued at approximately $33,608,000. The Baldwin Insurance Group accounts for 1.3% of Emerald Advisers LLC’s holdings, making the stock its 19th largest holding.

Other hedge funds have also recently modified their holdings of the company. Elevation Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $32,000. Nisa Investment Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $33,000. Assetmark Inc. purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $38,000. First Horizon Advisors Inc. acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at about $55,000. Finally, Parkside Financial Bank & Trust acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at about $59,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on BWIN shares. JPMorgan Chase & Co. decreased their target price on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods decreased 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 report on Friday, January 10th. Finally, Wells Fargo & Company decreased their target price on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.50.

Insider Transactions at The Baldwin Insurance Group

In related news, Director Lowry Baldwin sold 34,901 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $40.22, for a total value of $1,403,718.22. Following the sale, the director now owns 90,099 shares of the company’s stock, 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 through this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the sale, the general counsel now directly owns 8,813 shares in the company, valued at approximately $366,092.02. This trade represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is currently owned by corporate insiders.

The Baldwin Insurance Group Stock Up 1.8 %

Shares of BWIN opened at $43.89 on Friday. The stock has a market capitalization of $5.16 billion, a PE ratio of -68.58, a P/E/G ratio of 1.17 and a beta of 1.72. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82. 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 simple moving average is $40.65 and its 200-day simple moving average is $44.18.

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.