Cetera Trust Company N.A Buys Shares of 5,470 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Cetera Trust Company N.A purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,470 shares of the company’s stock, valued at approximately $212,000.

Other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new position in The Baldwin Insurance Group in the 4th quarter valued at about $33,000. Peapack Gladstone Financial Corp acquired a new stake in shares of The Baldwin Insurance Group in the 3rd quarter worth approximately $263,000. Diversified Trust Co bought a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $788,000. Harbor Capital Advisors Inc. acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $2,000,000. Finally, HB Wealth Management LLC bought a new stake in The Baldwin Insurance Group during the fourth quarter worth approximately $2,468,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on BWIN. Keefe, Bruyette & Woods decreased their price target on 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. Jefferies Financial Group boosted their price target on shares of 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. Wells Fargo & Company reduced their price objective 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. cut their target price on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Finally, William Blair upgraded shares of 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 given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, The Baldwin Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $45.50.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 191,307 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $45.18, for a total value of $8,643,250.26. Following the transaction, the insider now directly owns 232,570 shares of the company’s stock, valued at $10,507,512.60. This represents a 45.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Stock Up 0.5 %

Shares of NASDAQ:BWIN opened at $41.45 on Wednesday. The Baldwin Insurance Group, Inc. has a 52 week low of $21.70 and a 52 week high of $55.82. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $4.87 billion, a PE ratio of -64.53, a price-to-earnings-growth ratio of 1.20 and a beta of 1.64. The firm has a 50 day simple moving average of $42.26 and a 200 day simple moving average of $44.56.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued 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 business had revenue of $339.90 million during 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 business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. As a group, research analysts expect that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

The Baldwin Insurance Group 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.