16,710 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Acquired by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,710 shares of the company's stock, valued at approximately $648,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $127,000. Flagship Harbor Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $200,000. Toth Financial Advisory Corp acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $651,000. Tributary Capital Management LLC acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $18,287,000. Finally, Oliver Luxxe Assets LLC acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $1,549,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BWIN shares. 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. JPMorgan Chase & Co. lowered their target price on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. Jefferies Financial Group lifted their price objective on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. William Blair raised shares of The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company reduced their target price on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an "underweight" rating for the company in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $45.50.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.14% of the stock is currently owned by corporate insiders.

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN traded down $0.43 during trading hours on Tuesday, hitting $41.38. 453,315 shares of the stock were exchanged, compared to its average volume of 571,519. The company has a market cap of $4.87 billion, a price-to-earnings ratio of -64.66, a price-to-earnings-growth ratio of 1.21 and a beta of 1.64. The Baldwin Insurance Group, Inc. has a 12-month low of $21.70 and a 12-month high of $55.82. The stock has a 50-day moving average of $41.85 and a 200 day moving average of $44.73. 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 (NASDAQ:BWIN - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The firm had revenue of $339.90 million for the quarter, compared to analysts' expectations of $346.43 million. During the same period in the prior year, the company earned $0.15 earnings per share. The company's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts forecast that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

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.