SG Americas Securities LLC Buys Shares of 10,195 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

SG Americas Securities LLC acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,195 shares of the company’s stock, valued at approximately $395,000.

Other hedge funds have also recently made changes to their positions in the company. Cetera Trust Company N.A bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at $212,000. Nisa Investment Advisors LLC purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at about $33,000. HB Wealth Management LLC purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at about $2,468,000. Harbor Capital Advisors Inc. purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at about $2,000,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in The Baldwin Insurance Group during the 4th quarter valued at about $5,115,000. 77.49% of the stock is currently owned by institutional investors.

The Baldwin Insurance Group Trading Up 0.1 %

The Baldwin Insurance Group stock opened at $40.99 on Tuesday. 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 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 capitalization of $4.82 billion, a price-to-earnings ratio of -64.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.63. The stock has a 50-day moving average price of $41.52 and a 200 day moving average price of $44.74.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its earnings results on Monday, November 4th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $339.90 million for 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 company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. Sell-side analysts anticipate that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BWIN shares. 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 on the stock in a research note on Friday, January 3rd. Jefferies Financial Group increased their price objective on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company cut their target price on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. 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 research report on Friday, January 10th. 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 analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.50.

Insider Buying and Selling

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total transaction of $3,801,573.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.14% of the stock is owned by company insiders.

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.