Summit Investment Advisors Inc. Buys Shares of 6,973 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Summit Investment Advisors Inc. acquired a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 6,973 shares of the company's stock, valued at approximately $270,000.

Other large investors also recently bought and sold shares of the company. Elevation Wealth Partners LLC purchased a new position in The Baldwin Insurance Group during the fourth quarter worth approximately $32,000. Nisa Investment Advisors LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at about $33,000. Assetmark Inc. acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at $38,000. Premier Fund Managers Ltd purchased a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $44,000. Finally, First Horizon Advisors Inc. acquired a new stake in The Baldwin Insurance Group in the 4th quarter valued at about $55,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Insider Buying and Selling

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total value of $2,790,844.00. Following the sale, the chief executive officer now owns 80,663 shares of the company's stock, valued at approximately $3,274,917.80. The trade was a 46.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,836 shares of company stock valued at $5,330,639. Company insiders own 20.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on BWIN shares. Jefferies Financial Group raised their price objective on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods dropped 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 report on Friday, January 10th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. BMO Capital Markets started coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $45.29.

The Baldwin Insurance Group Price Performance

Shares of BWIN traded up $0.93 during mid-day trading on Wednesday, hitting $42.70. The company's stock had a trading volume of 395,005 shares, compared to its average volume of 558,782. 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 stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of -66.72, a PEG ratio of 1.17 and a beta of 1.52. The firm has a 50-day moving average price of $41.75 and a 200 day moving average price of $43.30. The Baldwin Insurance Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $55.82.

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.