Corient Private Wealth LLC Buys Shares of 35,448 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Corient Private Wealth LLC purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 35,448 shares of the company’s stock, valued at approximately $1,374,000.

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

The Baldwin Insurance Group Trading Up 1.3 %

The Baldwin Insurance Group stock opened at $46.41 on Wednesday. The company has a current ratio of 0.98, a quick 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 firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of -72.52, a P/E/G ratio of 1.17 and a beta of 1.72. The firm has a 50 day moving average of $41.01 and a 200 day moving average of $44.16.

Insider Transactions at The Baldwin Insurance Group

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the company’s stock in a transaction dated 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 transaction, the general counsel now owns 8,813 shares of the company’s stock, valued at $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Trevor Baldwin sold 68,740 shares of The Baldwin Insurance Group 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 directly owns 80,663 shares in the company, valued at $3,274,917.80. This trade represents a 46.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,836 shares of company stock valued at $5,330,639 over the last three months. Corporate insiders own 20.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of 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. JPMorgan Chase & Co. reduced 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 report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.50.

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.