Schneider Downs Wealth Management Advisors LP Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Schneider Downs Wealth Management Advisors LP acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 4th quarter, HoldingsChannel reports. The fund acquired 8,200 shares of the company’s stock, valued at approximately $318,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in shares of The Baldwin Insurance Group by 1,946.7% in the third 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 during the period. Bank of New York Mellon Corp purchased a new position in The Baldwin Insurance Group in the fourth quarter worth approximately $37,091,000. Lord Abbett & CO. LLC purchased a new position in The Baldwin Insurance Group in the third quarter worth approximately $29,447,000. Tributary Capital Management LLC purchased a new position in The Baldwin Insurance Group in the fourth quarter worth approximately $18,287,000. Finally, Confluence Investment Management LLC purchased a new position in The Baldwin Insurance Group in the fourth quarter worth approximately $16,747,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Stock Performance

Shares of The Baldwin Insurance Group stock opened at $40.61 on Thursday. The firm’s fifty day simple moving average is $39.81 and its 200-day simple moving average is $44.61. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of -63.45, a PEG ratio of 1.17 and a beta of 1.63. The Baldwin Insurance Group, Inc. has a 12 month low of $26.08 and a 12 month high of $55.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BWIN shares. Keefe, Bruyette & Woods decreased their price target on shares of 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. Wells Fargo & Company decreased their price target on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, The Baldwin Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

Insider Activity

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.