20,775 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought 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 and Exchange Commission (SEC). The fund bought 20,775 shares of the company’s stock, valued at approximately $805,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Assetmark Inc. purchased a new position in The Baldwin Insurance Group during the fourth quarter valued at $38,000. Victory Capital Management Inc. purchased a new position in The Baldwin Insurance Group during the fourth quarter valued at $321,000. Charles Schwab Investment Management Inc. purchased a new position in The Baldwin Insurance Group during the fourth quarter valued at $21,623,000. US Bancorp DE purchased a new position in The Baldwin Insurance Group during the fourth quarter valued at $267,000. Finally, Parkside Financial Bank & Trust purchased a new position in The Baldwin Insurance Group during the fourth quarter valued at $59,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Price Performance

NASDAQ:BWIN opened at $43.89 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $5.16 billion, a P/E ratio of -68.58, a P/E/G ratio of 1.17 and a beta of 1.72. The Baldwin Insurance Group, Inc. has a 12 month low of $31.47 and a 12 month high of $55.82. The business’s 50-day moving average is $40.65 and its 200 day moving average is $44.18.

Analysts Set New Price Targets

BWIN has been the topic of several research analyst reports. Wells Fargo & Company lowered their price objective on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods lowered their price objective on 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. Finally, JPMorgan Chase & Co. lowered their price objective on 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.50.

Insiders Place Their Bets

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the transaction, the general counsel now owns 8,813 shares of the company’s stock, valued at approximately $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Trevor Baldwin sold 68,740 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total value of $2,790,844.00. Following the transaction, the chief executive officer now directly owns 80,663 shares in the company, valued at approximately $3,274,917.80. This represents a 46.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,836 shares of company stock valued at $5,330,639 over the last ninety days. 20.14% of the stock is owned by 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.