Nisa Investment Advisors LLC Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Nisa Investment Advisors LLC acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 850 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peapack Gladstone Financial Corp acquired a new position in shares of The Baldwin Insurance Group during the 3rd quarter worth $263,000. Diversified Trust Co acquired a new position in The Baldwin Insurance Group during the fourth quarter worth $788,000. Harbor Capital Advisors Inc. bought a new position in The Baldwin Insurance Group during the fourth quarter valued at about $2,000,000. HB Wealth Management LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter worth about $2,468,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $5,115,000. Institutional investors own 77.49% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total value of $3,801,573.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 20.14% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on BWIN. JPMorgan Chase & Co. cut their price objective on The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. 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 note on Tuesday, January 14th. Keefe, Bruyette & Woods lowered their target price 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. Jefferies Financial Group boosted their target price 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. 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 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

The Baldwin Insurance Group Stock Performance

NASDAQ:BWIN opened at $40.95 on Friday. 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 firm’s 50-day moving average is $41.52 and its 200-day moving average is $44.69. 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 market cap of $4.82 billion, a price-to-earnings ratio of -63.98, a PEG ratio of 1.19 and a beta of 1.64.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly 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 Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The firm had revenue of $339.90 million during the quarter, compared to analyst estimates of $346.43 million. During the same period last year, the company earned $0.15 EPS. The company’s revenue was up 11.0% on a year-over-year basis. Equities research analysts anticipate 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.