The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Shares Acquired by Pathway Financial Advisors LLC

Pathway Financial Advisors LLC lifted its stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 22.1% during the first quarter, Holdings Channel.com reports. The fund owned 140,753 shares of the company’s stock after purchasing an additional 25,464 shares during the period. The Baldwin Insurance Group accounts for about 1.1% of Pathway Financial Advisors LLC’s holdings, making the stock its 17th biggest holding. Pathway Financial Advisors LLC’s holdings in The Baldwin Insurance Group were worth $6,290,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $325,535,000. Vanguard Group Inc. bought a new stake in The Baldwin Insurance Group during the fourth quarter worth approximately $255,331,000. William Blair Investment Management LLC bought a new stake in The Baldwin Insurance Group during the fourth quarter worth approximately $190,218,000. Bamco Inc. NY bought a new stake in The Baldwin Insurance Group during the fourth quarter worth approximately $116,668,000. Finally, Capital International Investors bought a new stake in The Baldwin Insurance Group during the fourth quarter worth approximately $99,040,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analyst Ratings Changes

BWIN has been the subject of a number of research reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Wall Street Zen cut shares of The Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Wells Fargo & Company raised their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, April 10th. Jefferies Financial Group raised their target price on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Finally, BMO Capital Markets reduced their target price on shares of The Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $44.83.

Insider Buying and Selling

In related news, insider James Morgan Roche sold 21,035 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $40.05, for a total value of $842,451.75. Following the completion of the transaction, the insider now owns 117,962 shares of the company’s stock, valued at approximately $4,724,378.10. This trade represents a 15.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Trevor Baldwin sold 117,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the completion of the transaction, the chief executive officer now directly owns 27,676 shares of the company’s stock, valued at $1,102,335.08. This represents a 80.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 451,380 shares of company stock valued at $17,731,131. Company insiders own 18.51% of the company’s stock.

The Baldwin Insurance Group Trading Down 0.6%

The Baldwin Insurance Group stock opened at $39.12 on Friday. The company has a 50 day moving average price of $40.13 and a 200 day moving average price of $41.04. The Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82. 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 firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of -61.13, a P/E/G ratio of 1.17 and a beta of 1.65.

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.