Kornitzer Capital Management Inc. KS Buys Shares of 240,539 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Kornitzer Capital Management Inc. KS bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 240,539 shares of the company’s stock, valued at approximately $9,323,000.

Other institutional investors also recently bought and sold shares of the company. Elevation Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at $32,000. Nisa Investment Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at $33,000. Venturi Wealth Management LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at $66,000. KBC Group NV purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at $127,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in The Baldwin Insurance Group in the fourth quarter valued at $200,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Stock Down 1.5 %

BWIN stock opened at $41.06 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The company has a market cap of $4.83 billion, a price-to-earnings ratio of -64.16, a PEG ratio of 1.19 and a beta of 1.63. The firm has a 50-day moving average of $40.01 and a two-hundred day moving average of $44.68. The Baldwin Insurance Group, Inc. has a 12 month low of $26.08 and a 12 month high of $55.82.

Insider Buying and Selling

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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 20.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BWIN shares. Keefe, Bruyette & Woods lowered their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company decreased their price objective 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 for the company in a research report on Friday, January 3rd. One investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

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.