Pathway Financial Advisors LLC Invests $4.47 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Pathway Financial Advisors 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 115,289 shares of the company's stock, valued at approximately $4,469,000. The Baldwin Insurance Group makes up about 1.0% of Pathway Financial Advisors LLC's portfolio, making the stock its 19th biggest holding. Pathway Financial Advisors LLC owned 0.10% of The Baldwin Insurance Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BWIN. Lord Abbett & CO. LLC bought a new stake in The Baldwin Insurance Group during the third quarter worth $29,447,000. JPMorgan Chase & Co. raised 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 worth $61,546,000 after acquiring an additional 1,175,484 shares in the last quarter. Peapack Gladstone Financial Corp bought a new stake in The Baldwin Insurance Group during the third quarter worth $263,000. Confluence Investment Management LLC bought a new stake in The Baldwin Insurance Group during the fourth quarter worth $16,747,000. Finally, Diversified Trust Co bought a new stake in The Baldwin Insurance Group during the fourth quarter worth $788,000. 77.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. 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 on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. decreased their price objective 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. Finally, Wells Fargo & Company decreased their price objective on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an "underweight" rating on the stock in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $45.50.

The Baldwin Insurance Group Stock Performance

Shares of BWIN stock traded down $0.56 on Thursday, hitting $40.29. The company's stock had a trading volume of 379,853 shares, compared to its average volume of 472,777. 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 stock's 50 day moving average is $39.90 and its 200-day moving average is $44.62. The Baldwin Insurance Group, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $55.82. The company has a market capitalization of $4.74 billion, a PE ratio of -62.95, a PEG ratio of 1.19 and a beta of 1.63.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 20.14% of the stock is currently owned by corporate insiders.

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.