Rhumbline Advisers Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Rhumbline Advisers acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 89,682 shares of the company's stock, valued at approximately $3,476,000. Rhumbline Advisers owned 0.08% of The Baldwin Insurance Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BWIN. Elevation Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at $32,000. Nisa Investment Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at $33,000. KBC Group NV purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at $127,000. Flagship Harbor Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at $200,000. Finally, Peapack Gladstone Financial Corp purchased a new stake in shares of The Baldwin Insurance Group during the third quarter valued at $263,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BWIN. Wells Fargo & Company lowered their target price on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a research note on Wednesday, February 26th. Keefe, Bruyette & Woods lowered their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. lowered their target price on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $43.50.

The Baldwin Insurance Group Stock Down 4.8 %

NASDAQ:BWIN traded down $1.96 during mid-day trading on Monday, reaching $39.18. The company's stock had a trading volume of 870,559 shares, compared to its average volume of 503,284. The Baldwin Insurance Group, Inc. has a 1 year low of $26.08 and a 1 year high of $55.82. The stock has a fifty day moving average of $39.89 and a 200-day moving average of $44.59. The firm has a market capitalization of $4.61 billion, a PE ratio of -61.22, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

Insider Buying and Selling

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the transaction, the general counsel now directly owns 8,813 shares in the company, valued at approximately $366,092.02. The trade was a 58.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Elizabeth Krystyn sold 191,307 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $45.18, for a total transaction of $8,643,250.26. Following the completion of the transaction, the insider now owns 232,570 shares of the company's stock, valued at $10,507,512.60. This represents a 45.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 291,906 shares of company stock valued at $12,955,475 over the last three months. 20.14% of the stock is owned by company 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.