39,021 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, HoldingsChannel reports. The firm acquired 39,021 shares of the company’s stock, valued at approximately $1,512,000.

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

The Baldwin Insurance Group Stock Performance

BWIN opened at $43.93 on Wednesday. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82. The stock has a market cap of $5.17 billion, a P/E ratio of -68.64, a P/E/G ratio of 1.17 and a beta of 1.72. The stock’s 50 day simple moving average is $41.42 and its 200 day simple moving average is $44.11. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

Analyst Ratings Changes

Several research analysts recently issued reports on BWIN shares. Keefe, Bruyette & Woods cut their price target 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. Wells Fargo & Company cut their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research note on Wednesday, February 26th. BMO Capital Markets assumed coverage on The Baldwin Insurance Group in a research note on Thursday, March 27th. They issued an “outperform” rating and a $53.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.86.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 15,902 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $39.33, for a total transaction of $625,425.66. Following the completion of the transaction, the chief executive officer now directly owns 13,302 shares in the company, valued at approximately $523,167.66. This trade represents a 54.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the sale, the general counsel now directly owns 8,813 shares in the company, valued at $366,092.02. This trade represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is owned by corporate insiders.

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.