Proficio Capital Partners LLC Invests $805,000 in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

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.

Other hedge funds have also recently modified their holdings of the company. Elevation Wealth Partners LLC purchased a new position in The Baldwin Insurance Group in the 4th quarter worth $32,000. Nisa Investment Advisors LLC acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at about $33,000. Assetmark Inc. acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at about $38,000. First Horizon Advisors Inc. purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter worth about $55,000. Finally, Parkside Financial Bank & Trust acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Insider Buying and Selling at The Baldwin Insurance Group

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the sale, the general counsel now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total value of $1,403,718.22. Following the completion of the transaction, the director now directly owns 90,099 shares of the company's stock, valued at $3,623,781.78. The trade was a 27.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,836 shares of company stock valued at $5,330,639. Corporate insiders own 20.14% of the company's stock.

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Analyst Ratings Changes

Several brokerages recently weighed in on BWIN. JPMorgan Chase & Co. cut their price target on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company dropped their price objective on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating on the stock in a report on Wednesday, February 26th. Finally, 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 for the company in a research report 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.50.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ:BWIN traded down $1.77 during trading on Wednesday, hitting $44.64. 671,859 shares of the stock traded hands, compared to its average volume of 541,076. 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 company has a fifty day moving average price of $41.01 and a two-hundred day moving average price of $44.16. The Baldwin Insurance Group, Inc. has a 52-week low of $31.47 and a 52-week high of $55.82. The company has a market cap of $5.25 billion, a price-to-earnings ratio of -69.75, a P/E/G ratio of 1.17 and a beta of 1.72.

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.