SG Americas Securities LLC purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,195 shares of the company's stock, valued at approximately $395,000.
A number of other large investors have also recently bought and sold shares of the business. Nisa Investment Advisors LLC purchased a new position in The Baldwin Insurance Group in the 4th quarter valued at $33,000. Peapack Gladstone Financial Corp purchased a new stake in shares of The Baldwin Insurance Group in the third quarter valued at about $263,000. Cetera Trust Company N.A acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter worth about $212,000. Diversified Trust Co acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter worth about $788,000. Finally, Harbor Capital Advisors Inc. purchased a new position in The Baldwin Insurance Group during the fourth quarter worth about $2,000,000. Institutional investors and hedge funds own 77.49% of the company's stock.
Insider Buying and Selling at The Baldwin Insurance Group
In related news, major shareholder Elizabeth Krystyn sold 191,307 shares of the stock in a transaction on 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 sale, the insider now owns 232,570 shares of the company's stock, valued at $10,507,512.60. This trade represents a 45.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 20.14% of the stock is owned by insiders.
Wall Street Analyst Weigh In
BWIN has been the topic of several recent analyst reports. William Blair upgraded The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, October 17th. Wells Fargo & Company dropped their price objective on 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. Keefe, Bruyette & Woods reduced their target price 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. Finally, JPMorgan Chase & Co. lowered 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 research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $45.50.
Read Our Latest Analysis on The Baldwin Insurance Group
The Baldwin Insurance Group Price Performance
The Baldwin Insurance Group stock traded up $1.15 during trading hours on Friday, hitting $42.26. The stock had a trading volume of 359,310 shares, compared to its average volume of 490,256. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of -66.03, a PEG ratio of 1.19 and a beta of 1.63. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The Baldwin Insurance Group, Inc. has a 1-year low of $22.35 and a 1-year high of $55.82. The stock's fifty day moving average is $40.91 and its two-hundred day moving average is $44.70.
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 the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The business had revenue of $339.90 million for the quarter, compared to analysts' expectations of $346.43 million. During the same quarter last year, the business posted $0.15 earnings per share. The business's revenue was up 11.0% compared to the same quarter last year. As a group, analysts predict that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.
The Baldwin Insurance Group Company Profile
(
Free Report)
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.
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