LPL Financial LLC Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

LPL Financial LLC acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 67,046 shares of the company's stock, valued at approximately $2,730,000. LPL Financial LLC owned 0.06% of The Baldwin Insurance Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Elevation Wealth Partners LLC acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC bought a new position in The Baldwin Insurance Group in the fourth quarter worth $33,000. Assetmark Inc. acquired a new stake in The Baldwin Insurance Group during the fourth quarter worth $38,000. First Horizon Advisors Inc. bought a new stake in The Baldwin Insurance Group in the 4th quarter valued at $55,000. Finally, Parkside Financial Bank & Trust acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $59,000. Institutional investors and hedge funds own 77.49% of the company's stock.

The Baldwin Insurance Group Price Performance

NASDAQ BWIN traded down $0.56 on Wednesday, hitting $42.49. 99,197 shares of the company were exchanged, compared to its average volume of 561,051. 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 company has a market cap of $5.00 billion, a P/E ratio of -66.39, a P/E/G ratio of 1.17 and a beta of 1.52. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82. The firm has a 50 day moving average of $41.68 and a two-hundred day moving average of $43.59.

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Insider Transactions at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 12,293 shares of the company's 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 completion of the sale, the general counsel now owns 8,813 shares in the company, valued at approximately $366,092.02. The trade was a 58.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Trevor Baldwin sold 15,902 shares of the firm's stock in a transaction on 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 owns 13,302 shares in the company, valued at $523,167.66. This represents a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,836 shares of company stock worth $5,330,639. Corporate insiders own 20.14% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research note on Thursday, March 27th. They issued an "outperform" rating and a $53.00 target price on the stock. Wells Fargo & Company increased their target price 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. Jefferies Financial Group boosted their price target on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods cut 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $45.29.

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.