Red Door Wealth Management LLC Invests $1.05 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Red Door Wealth Management LLC bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,000 shares of the company's stock, valued at approximately $1,047,000.

Other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new stake in The Baldwin Insurance Group in the 4th quarter worth about $269,000. SG Americas Securities LLC bought a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $395,000. Cetera Trust Company N.A bought a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $212,000. Nisa Investment Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $33,000. Finally, HB Wealth Management LLC bought a new stake in The Baldwin Insurance Group during the fourth quarter worth $2,468,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. 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 for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating on the stock in a research note on Friday, January 3rd. Jefferies Financial Group increased their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, William Blair raised shares of The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $45.50.

Insiders Place Their Bets

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.14% of the stock is owned by corporate insiders.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ BWIN traded down $0.30 during midday trading on Friday, hitting $40.48. The company's stock had a trading volume of 436,168 shares, compared to its average volume of 580,998. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of -63.25, a P/E/G ratio of 1.21 and a beta of 1.64. 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 stock has a fifty day moving average price of $42.09 and a 200 day moving average price of $44.58. The Baldwin Insurance Group, Inc. has a one year low of $21.70 and a one year high of $55.82.

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 (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company 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 company's revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. On average, research analysts forecast that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

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.