Annis Gardner Whiting Capital Advisors LLC Invests $271,000 in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Annis Gardner Whiting Capital Advisors LLC purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,000 shares of the company's stock, valued at approximately $271,000.

A number of other institutional investors have also added to or reduced their stakes in BWIN. Elevation Wealth Partners LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter worth $33,000. Assetmark Inc. bought a new stake in shares of The Baldwin Insurance Group in the fourth quarter worth $38,000. Premier Fund Managers Ltd acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at $44,000. Finally, First Horizon Advisors Inc. bought a new position in The Baldwin Insurance Group during the 4th quarter worth $55,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Stock Down 2.8 %

Shares of NASDAQ BWIN traded down $1.20 during midday trading on Thursday, hitting $41.24. 357,859 shares of the stock traded hands, compared to its average volume of 563,007. 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 Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one year high of $55.82. The business has a 50 day moving average price of $41.57 and a two-hundred day moving average price of $43.78. The company has a market cap of $4.85 billion, a PE ratio of -64.50, a P/E/G ratio of 1.17 and a beta of 1.52.

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Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BWIN. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price target on the stock. Wells Fargo & Company lowered their price objective on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a research report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods cut 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 report on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, The Baldwin Insurance Group has a consensus rating of "Moderate Buy" and a consensus target price of $45.71.

Insider Activity at The Baldwin Insurance Group

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the company's stock in a transaction on Thursday, February 27th. The stock was 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 owns 8,813 shares in the company, valued at approximately $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Trevor Baldwin sold 68,740 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total value of $2,790,844.00. Following the transaction, the chief executive officer now owns 80,663 shares in the company, valued at approximately $3,274,917.80. This trade represents a 46.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is owned by company insiders.

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.