20,775 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 20,775 shares of the company's stock, valued at approximately $805,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth about $32,000. Nisa Investment Advisors LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth about $33,000. First Horizon Advisors Inc. acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth about $55,000. Venturi Wealth Management LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth about $66,000. Finally, Amalgamated Bank acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth about $81,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $39.20 on Friday. The company has a market capitalization of $4.61 billion, a P/E ratio of -61.25, a P/E/G ratio of 1.17 and a beta of 1.72. The business's 50 day moving average is $39.93 and its two-hundred day moving average is $44.49. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group, Inc. has a 12-month low of $26.08 and a 12-month high of $55.82.

Insiders Place Their Bets

In other news, Director Lowry Baldwin sold 34,901 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the completion of the transaction, the director now directly owns 90,099 shares in the company, valued at $3,623,781.78. This trade represents a 27.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Elizabeth Krystyn sold 191,307 shares of The Baldwin Insurance Group stock in a transaction on Monday, December 9th. The shares were sold at an average price of $45.18, for a total value of $8,643,250.26. Following the completion of the transaction, the insider now owns 232,570 shares of the company's stock, valued at approximately $10,507,512.60. This trade represents a 45.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 326,807 shares of company stock worth $14,359,193. 20.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BWIN has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered their target price on The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Finally, 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, January 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.50.

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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.

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