Defined Financial Planning LLC Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Defined Financial Planning LLC purchased 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 Securities and Exchange Commission (SEC). The fund purchased 5,915 shares of the company's stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BWIN. Elevation Wealth Partners LLC acquired a new position in The Baldwin Insurance Group in the 4th quarter valued at approximately $32,000. Nisa Investment Advisors LLC bought a new stake in shares of The Baldwin Insurance Group in 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.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued 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. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price target for the company. Keefe, Bruyette & Woods decreased their price objective 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. Jefferies Financial Group boosted their target price on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Wells Fargo & Company increased their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $45.29.

The Baldwin Insurance Group Stock Down 1.5 %

Shares of NASDAQ:BWIN traded down $0.64 during trading on Friday, reaching $42.13. 405,185 shares of the stock were exchanged, compared to its average volume of 561,064. The stock has a fifty day moving average of $41.74 and a two-hundred day moving average of $43.48. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of -65.83, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52.

Insiders Place Their Bets

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $41.54, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Trevor Baldwin sold 68,740 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total value of $2,790,844.00. Following the sale, the chief executive officer now directly owns 80,663 shares of the company's stock, valued at $3,274,917.80. This represents a 46.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,836 shares of company stock worth $5,330,639. Insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Company 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.