Assetmark Inc. Takes $38,000 Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Assetmark Inc. purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 970 shares of the company’s stock, valued at approximately $38,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after purchasing an additional 1,175,484 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at about $37,091,000. Lord Abbett & CO. LLC purchased a new position in shares of The Baldwin Insurance Group during the third quarter worth approximately $29,447,000. Charles Schwab Investment Management Inc. purchased a new position in shares of The Baldwin Insurance Group during the fourth quarter worth approximately $21,623,000. Finally, Tributary Capital Management LLC purchased a new position in shares of The Baldwin Insurance Group during the fourth quarter worth approximately $18,287,000. Institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BWIN. JPMorgan Chase & Co. decreased their target price on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company reduced their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods reduced 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 report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.50.

The Baldwin Insurance Group Stock Performance

The Baldwin Insurance Group stock opened at $39.97 on Friday. 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 company has a market capitalization of $4.70 billion, a P/E ratio of -62.45, a PEG ratio of 1.17 and a beta of 1.72. The stock’s 50 day moving average is $40.05 and its 200 day moving average is $44.33. The Baldwin Insurance Group, Inc. has a twelve month low of $26.08 and a twelve month high of $55.82.

Insider Transactions at The Baldwin Insurance Group

In other news, CEO Trevor Baldwin sold 15,902 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66. Following the transaction, the chief executive officer now directly owns 13,302 shares of the company’s stock, valued at $523,167.66. This represents a 54.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of The Baldwin Insurance Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total value of $1,403,718.22. Following the completion of the sale, the director now owns 90,099 shares of the company’s stock, valued at $3,623,781.78. The trade was a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,836 shares of company stock valued at $5,330,639. Insiders own 20.14% of the company’s stock.

About The Baldwin Insurance Group

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.