131,960 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 131,960 shares of the company's stock, valued at approximately $5,115,000. Wealth Enhancement Advisory Services LLC owned approximately 0.11% of The Baldwin Insurance Group as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Peapack Gladstone Financial Corp purchased a new stake in The Baldwin Insurance Group in the third quarter valued at $263,000. Diversified Trust Co purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at about $788,000. Confluence Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at about $16,747,000. Lord Abbett & CO. LLC purchased a new position in The Baldwin Insurance Group during the 3rd quarter worth approximately $29,447,000. Finally, JPMorgan Chase & Co. increased its position in The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $61,546,000 after buying an additional 1,175,484 shares during the period. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group increased their price objective on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. William Blair upgraded The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. decreased their price objective on The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. 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 research note on Friday. Finally, Wells Fargo & Company cut their price target on The Baldwin Insurance Group from $41.00 to $38.00 and set an "underweight" rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.50.

Insider Buying and Selling at The Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 20.14% of the stock is currently owned by corporate insiders.

The Baldwin Insurance Group Price Performance

BWIN stock traded up $1.75 on Tuesday, reaching $38.16. 328,363 shares of the company's stock were exchanged, compared to its average volume of 558,498. The stock has a fifty day moving average of $42.75 and a 200-day moving average of $44.41. The firm has a market cap of $4.49 billion, a PE ratio of -59.63, a P/E/G ratio of 1.27 and a beta of 1.64. 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 twelve month low of $21.70 and a twelve month high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The company had revenue of $339.90 million during the quarter, compared to analysts' expectations of $346.43 million. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. As a group, equities analysts predict that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

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.