Oliver Luxxe Assets LLC Invests $1.55 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Oliver Luxxe Assets LLC acquired a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 39,960 shares of the company's stock, valued at approximately $1,549,000.

A number of other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC purchased a new stake in The Baldwin Insurance Group during the fourth quarter valued at about $33,000. Cetera Trust Company N.A purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at about $212,000. Peapack Gladstone Financial Corp bought a new position in The Baldwin Insurance Group during the 3rd quarter worth approximately $263,000. Janney Montgomery Scott LLC purchased a new position in The Baldwin Insurance Group in the 4th quarter worth approximately $269,000. Finally, SG Americas Securities LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $395,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business's stock in a transaction that occurred 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 legal filing with the SEC, which can be accessed through this link. 20.14% of the stock is owned by corporate insiders.

The Baldwin Insurance Group Trading Down 0.2 %

Shares of NASDAQ BWIN traded down $0.09 during midday trading on Friday, hitting $40.69. 216,158 shares of the company traded hands, compared to its average volume of 565,340. The Baldwin Insurance Group, Inc. has a 12-month low of $21.70 and a 12-month high of $55.82. The firm has a market cap of $4.78 billion, a P/E ratio of -63.56, a P/E/G ratio of 1.21 and a beta of 1.64. The stock has a 50-day moving average price of $42.09 and a 200 day moving average price of $44.58. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98.

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The firm had revenue of $339.90 million for the quarter, compared to analysts' expectations of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The firm's revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $0.15 EPS. As a group, analysts expect that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

BWIN has been the topic of several recent analyst reports. William Blair upgraded shares of The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a report on Thursday, October 17th. JPMorgan Chase & Co. cut their price target on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company lowered their price objective on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an "underweight" rating for the company in a research note on Tuesday, January 14th. 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 note on Friday, January 10th. Finally, Jefferies Financial Group boosted their price target on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.50.

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.