Janney Montgomery Scott LLC Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Janney Montgomery Scott LLC acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,944 shares of the company’s stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in The Baldwin Insurance Group by 1,946.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after buying an additional 1,175,484 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in The Baldwin Insurance Group during the third quarter worth about $29,447,000. Confluence Investment Management LLC bought a new position in The Baldwin Insurance Group in the 4th quarter valued at about $16,747,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $5,115,000. Finally, HB Wealth Management LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $2,468,000. 77.49% of the stock is owned by institutional investors.

Insider Buying and Selling at The Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 191,307 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 232,570 shares of the company’s stock, valued at $10,507,512.60. This represents a 45.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Trading Down 2.8 %

NASDAQ BWIN opened at $40.47 on Wednesday. The company has a market cap of $4.76 billion, a price-to-earnings ratio of -63.23, a price-to-earnings-growth ratio of 1.19 and a beta of 1.63. The Baldwin Insurance Group, Inc. has a twelve month low of $23.56 and a twelve month high of $55.82. 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 business’s fifty day moving average is $40.63 and its 200 day moving average is $44.77.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their price target on 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 reduced their price objective on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Finally, William Blair upgraded 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 issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.50.

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.