Janney Montgomery Scott LLC Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Janney Montgomery Scott LLC purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,944 shares of the company's stock, valued at approximately $269,000.

Other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $5,115,000. JPMorgan Chase & Co. raised its holdings 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 worth $61,546,000 after purchasing an additional 1,175,484 shares during the last quarter. Diversified Trust Co acquired a new position in The Baldwin Insurance Group during the fourth quarter worth $788,000. Harbor Capital Advisors Inc. acquired a new position in The Baldwin Insurance Group during the fourth quarter worth $2,000,000. Finally, Peapack Gladstone Financial Corp acquired a new position in The Baldwin Insurance Group during the third quarter worth $263,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BWIN has been the subject of several research reports. JPMorgan Chase & Co. reduced their price objective on The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Keefe, Bruyette & Woods reduced their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Finally, Wells Fargo & Company reduced their price objective on 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 issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.50.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BWIN traded up $0.09 during trading on Friday, reaching $41.69. The company had a trading volume of 541,995 shares, compared to its average volume of 456,801. The Baldwin Insurance Group, Inc. has a twelve month low of $25.50 and a twelve month high of $55.82. The stock has a market capitalization of $4.90 billion, a PE ratio of -65.14, a price-to-earnings-growth ratio of 1.19 and a beta of 1.63. The stock has a 50-day moving average price of $40.07 and a two-hundred day moving average price of $44.69. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

Insider Transactions at The Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 20.14% of the company's stock.

About The Baldwin Insurance Group

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.