Cibc World Markets Corp Invests $242,000 in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Cibc World Markets Corp acquired a new stake 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 firm acquired 6,237 shares of the company's stock, valued at approximately $242,000.

A number of other hedge funds have also recently bought and sold shares of the company. Elevation Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $32,000. Nisa Investment Advisors LLC purchased a new stake in The Baldwin Insurance Group in the 4th quarter valued at about $33,000. Assetmark Inc. bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $38,000. First Horizon Advisors Inc. purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $55,000. Finally, Parkside Financial Bank & Trust bought a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $59,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BWIN. Keefe, Bruyette & Woods cut their price objective 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. BMO Capital Markets began coverage on shares of The Baldwin Insurance Group in a report on Thursday. They issued an "outperform" rating and a $53.00 price target on the stock. JPMorgan Chase & Co. cut their target price on The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price target on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, The Baldwin Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.86.

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The Baldwin Insurance Group Price Performance

NASDAQ:BWIN traded down $0.94 during midday trading on Friday, hitting $45.11. The company had a trading volume of 531,871 shares, compared to its average volume of 553,739. The company has a market capitalization of $5.30 billion, a PE ratio of -70.48, a P/E/G ratio of 1.17 and a beta of 1.72. 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 52-week low of $31.47 and a 52-week high of $55.82. The stock's fifty day moving average price is $41.29 and its 200-day moving average price is $44.17.

Insiders Place Their Bets

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction of $510,651.22. Following the transaction, the general counsel now owns 8,813 shares of the company's stock, valued at approximately $366,092.02. This trade represents a 58.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lowry Baldwin sold 34,901 shares of the business'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 sale, the director now directly owns 90,099 shares of the company's stock, valued at $3,623,781.78. This represents a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,836 shares of company stock valued at $5,330,639 over the last 90 days. Insiders own 20.14% of the company's stock.

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.