Emerald Advisers LLC Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Emerald Advisers LLC purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 867,072 shares of the company's stock, valued at approximately $33,608,000. The Baldwin Insurance Group accounts for about 1.3% of Emerald Advisers LLC's holdings, making the stock its 19th largest position. Emerald Advisers LLC owned about 0.74% of The Baldwin Insurance Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at $255,331,000. William Blair Investment Management LLC bought a new stake in The Baldwin Insurance Group during the fourth quarter valued at about $190,218,000. JPMorgan Chase & Co. boosted its position in The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock valued at $61,546,000 after purchasing an additional 1,175,484 shares in the last quarter. Bank of New York Mellon Corp bought a new position in The Baldwin Insurance Group in the fourth quarter worth about $37,091,000. Finally, Lord Abbett & CO. LLC bought a new position in The Baldwin Insurance Group in the third quarter worth about $29,447,000. 77.49% of the stock is currently owned by institutional investors.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ:BWIN traded up $1.41 on Thursday, hitting $46.05. 658,515 shares of the company were exchanged, compared to its average volume of 541,714. The firm has a market capitalization of $5.42 billion, a P/E ratio of -71.95, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82. The stock's 50 day moving average price is $41.22 and its 200 day moving average price is $44.18.

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Insider Buying and Selling

In other news, CEO Trevor Baldwin sold 15,902 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $39.33, for a total value of $625,425.66. Following the completion of the transaction, the chief executive officer now directly owns 13,302 shares in the company, valued at $523,167.66. This trade represents a 54.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $40.22, for a total value of $1,403,718.22. Following the completion of the sale, the director now owns 90,099 shares in the company, valued at approximately $3,623,781.78. This represents a 27.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock worth $5,330,639 in the last 90 days. Insiders own 20.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research report on Thursday. They issued an "outperform" rating and a $53.00 price objective on the stock. Keefe, Bruyette & Woods cut their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. decreased their price objective on The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Finally, 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $44.86.

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.