Premier Fund Managers Ltd Acquires New Stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Premier Fund Managers Ltd bought a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,142 shares of the company’s stock, valued at approximately $44,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BWIN. Elevation Wealth Partners LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $32,000. Nisa Investment Advisors LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter worth about $33,000. Assetmark Inc. acquired a new stake in The Baldwin Insurance Group in the 4th quarter valued at about $38,000. First Horizon Advisors Inc. acquired a new stake in The Baldwin Insurance Group in the 4th quarter valued at about $55,000. Finally, Parkside Financial Bank & Trust bought a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at about $59,000. 77.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BWIN has been the subject of several recent research reports. Keefe, Bruyette & Woods cut 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. Wells Fargo & Company cut their price objective on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research report on Wednesday, February 26th. BMO Capital Markets initiated coverage on The Baldwin Insurance Group in a report on Thursday. They issued an “outperform” rating and a $53.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their target price on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.86.

Insider Activity at The Baldwin Insurance Group

In related news, Director Lowry Baldwin sold 34,901 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the completion of the sale, the director now directly owns 90,099 shares in the company, valued at approximately $3,623,781.78. This trade represents a 27.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Trevor Baldwin sold 15,902 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $39.33, for a total transaction of $625,425.66. Following the transaction, the chief executive officer now directly owns 13,302 shares in the company, valued at $523,167.66. The trade was a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,836 shares of company stock valued at $5,330,639. Company insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN opened at $45.11 on Friday. The company has a market cap of $5.30 billion, a P/E ratio of -70.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72. The company’s fifty day moving average is $41.29 and its two-hundred day moving average is $44.17. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group, Inc. has a 12-month low of $31.47 and a 12-month 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.