Flagship Harbor Advisors LLC Purchases Shares of 5,160 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Flagship Harbor Advisors LLC acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,160 shares of the company’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BWIN. Nisa Investment Advisors LLC purchased a new position in The Baldwin Insurance Group during the 4th quarter worth approximately $33,000. Peapack Gladstone Financial Corp acquired a new stake in shares of The Baldwin Insurance Group in the third quarter worth $263,000. Cetera Trust Company N.A purchased a new position in shares of The Baldwin Insurance Group during the fourth quarter worth $212,000. Janney Montgomery Scott LLC acquired a new position in The Baldwin Insurance Group during the fourth quarter valued at $269,000. Finally, SG Americas Securities LLC purchased a new stake in The Baldwin Insurance Group in the fourth quarter valued at $395,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

The Baldwin Insurance Group Trading Up 0.7 %

Shares of NASDAQ:BWIN opened at $41.51 on Friday. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of -64.86, a price-to-earnings-growth ratio of 1.21 and a beta of 1.64. The business’s 50 day moving average price is $41.77 and its 200-day moving average price is $44.70. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The Baldwin Insurance Group, Inc. has a 1 year low of $21.70 and a 1 year high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $346.43 million. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 earnings per share. On average, equities research analysts forecast that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BWIN has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reduced their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Jefferies Financial Group boosted their price target on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Wells Fargo & Company decreased 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 research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. dropped their price target on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, The Baldwin Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $45.50.

Insider Buying and Selling

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 191,307 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $45.18, for a total value of $8,643,250.26. Following the transaction, the insider now directly owns 232,570 shares of the company’s stock, valued at $10,507,512.60. This trade represents a 45.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 20.14% of the stock is currently 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.