Oliver Luxxe Assets LLC Makes New $1.55 Million Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Oliver Luxxe Assets LLC purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 39,960 shares of the company’s stock, valued at approximately $1,549,000.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new position in The Baldwin Insurance Group during the fourth quarter worth $33,000. Peapack Gladstone Financial Corp acquired a new position in The Baldwin Insurance Group in the 3rd quarter valued at about $263,000. Cetera Trust Company N.A acquired a new position in The Baldwin Insurance Group in the 4th quarter valued at about $212,000. Janney Montgomery Scott LLC purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $269,000. Finally, SG Americas Securities LLC acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $395,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BWIN has been the subject of several analyst reports. Jefferies Financial Group increased their price objective on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods cut their price objective 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 dropped their price target on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. 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, William Blair raised The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.50.

Insider Transactions at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $40.78 on Friday. The Baldwin Insurance Group, Inc. has a 52 week low of $21.70 and a 52 week high of $55.82. The firm has a 50 day moving average of $42.09 and a two-hundred day moving average of $44.58. 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 (NASDAQ:BWIN) last released its earnings results on Monday, November 4th. The company reported $0.33 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 analyst estimates 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 for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. On average, equities analysts predict that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

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.