115,289 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Purchased by Pathway Financial Advisors LLC

Pathway Financial Advisors LLC purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 4th quarter, Holdings Channel reports. The firm purchased 115,289 shares of the company’s stock, valued at approximately $4,469,000. The Baldwin Insurance Group makes up 1.0% of Pathway Financial Advisors LLC’s portfolio, making the stock its 19th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of BWIN. Elevation Wealth Partners LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter worth approximately $32,000. Nisa Investment Advisors LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $33,000. KBC Group NV purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $127,000. Flagship Harbor Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $200,000. Finally, Peapack Gladstone Financial Corp purchased a new position in shares of The Baldwin Insurance Group in the 3rd quarter worth $263,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BWIN. Keefe, Bruyette & Woods lowered their price target on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company dropped 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 report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reduced 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 given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $45.50.

The Baldwin Insurance Group Stock Performance

The Baldwin Insurance Group stock opened at $41.69 on Monday. The firm has a market capitalization of $4.90 billion, a PE ratio of -65.14, a price-to-earnings-growth ratio of 1.19 and a beta of 1.63. The Baldwin Insurance Group, Inc. has a one year low of $25.50 and a one year high of $55.82. The stock’s 50 day moving average price is $40.07 and its 200 day moving average price is $44.69. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98.

Insider Activity

In related news, major shareholder Elizabeth Krystyn sold 191,307 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $45.18, for a total transaction of $8,643,250.26. Following the completion of the sale, the insider now directly owns 232,570 shares of the company’s stock, valued at approximately $10,507,512.60. This trade represents a 45.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.14% of the company’s stock.

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.