HHM Wealth Advisors LLC Purchases New Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

HHM Wealth Advisors LLC purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 6,270 shares of the company’s stock, valued at approximately $243,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BWIN. Nisa Investment Advisors LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $33,000. KBC Group NV acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $127,000. Flagship Harbor Advisors LLC bought a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $200,000. Peapack Gladstone Financial Corp acquired a new position in shares of The Baldwin Insurance Group in the third quarter valued at about $263,000. Finally, Cetera Trust Company N.A bought a new position in The Baldwin Insurance Group during the fourth quarter worth about $212,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

The Baldwin Insurance Group Price Performance

The Baldwin Insurance Group stock opened at $40.99 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The Baldwin Insurance Group, Inc. has a 52 week low of $21.70 and a 52 week high of $55.82. The stock has a market capitalization of $4.82 billion, a P/E ratio of -64.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.63. The stock has a fifty day moving average of $41.52 and a 200-day moving average of $44.74.

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

Wall Street Analyst Weigh In

BWIN has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their price objective on shares of 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. William Blair raised The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. lowered their price objective on 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. Wells Fargo & Company cut their target price on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group raised their price target on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, The Baldwin Insurance Group has an average rating of “Moderate Buy” and an average price target of $45.50.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which is available at this link. 20.14% of the stock is currently owned by insiders.

The Baldwin Insurance Group 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.