Elevation Wealth Partners LLC Buys New Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Elevation Wealth Partners LLC purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 834 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC acquired a new position in shares of The Baldwin Insurance Group in the 3rd quarter valued at $29,447,000. JPMorgan Chase & Co. grew its position in 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 worth $61,546,000 after purchasing an additional 1,175,484 shares during the last quarter. Peapack Gladstone Financial Corp acquired a new position in The Baldwin Insurance Group in the third quarter valued at $263,000. Confluence Investment Management LLC purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $16,747,000. Finally, Diversified Trust Co acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth about $788,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

BWIN has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on 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. William Blair upgraded The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods decreased their price target on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Wells Fargo & Company dropped their price objective on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.50.

The Baldwin Insurance Group Stock Up 2.8 %

The Baldwin Insurance Group stock opened at $42.26 on Monday. The stock’s 50 day moving average price is $40.78 and its 200 day moving average price is $44.74. The Baldwin Insurance Group, Inc. has a 1-year low of $22.35 and a 1-year high of $55.82. The company has a market cap of $4.97 billion, a PE ratio of -66.03, a price-to-earnings-growth ratio of 1.19 and a beta of 1.63. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is available through the SEC website. 20.14% of the stock is owned by corporate 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.