Advisory Services Network LLC Invests $518,000 in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Advisory Services Network LLC bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,355 shares of the company's stock, valued at approximately $518,000.

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

Insider Transactions at The Baldwin Insurance Group

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the business'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 value of $510,651.22. Following the sale, the general counsel now directly owns 8,813 shares of the company's stock, valued at approximately $366,092.02. The trade was a 58.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Trevor Baldwin sold 15,902 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66. Following the transaction, the chief executive officer now directly owns 13,302 shares of the company's stock, valued at $523,167.66. The trade was a 54.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock valued at $5,330,639 over the last 90 days. 20.14% of the stock is currently owned by corporate insiders.

The Baldwin Insurance Group Price Performance

Shares of BWIN stock traded down $0.64 on Friday, reaching $42.13. 405,185 shares of the company were exchanged, compared to its average volume of 561,064. The business has a 50-day moving average price of $41.74 and a 200 day moving average price of $43.48. 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 has a market cap of $4.95 billion, a price-to-earnings ratio of -65.83, a P/E/G ratio of 1.17 and a beta of 1.52. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Jefferies Financial Group increased their price objective on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company boosted their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, April 10th. Keefe, Bruyette & Woods lowered 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 note on Friday, January 10th. JPMorgan Chase & Co. restated a "neutral" rating and set a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Finally, BMO Capital Markets assumed coverage on shares of The Baldwin Insurance Group in a research note on Thursday, March 27th. They set an "outperform" rating and a $53.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $45.29.

About The Baldwin Insurance Group

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.